Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments
5 months, 3 weeks ago

Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments

Al Jazeera  

US told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology. Wall Street’s semiconductor index lost over $480bn in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to China. The US has told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology, Bloomberg News reported on Tuesday. Several policy experts said Washington’s focus on semiconductors will likely continue, even if Trump returns to power, with potentially more curbs on exports to China and support for domestic chipmakers such as Intel.

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