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Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments
PUBLISHED WED, JUL 17 20245:46 AM EDT
Arjun Kharpal@ARJUNKHARPAL

KEY POINTS

• Global chip stocks fell sharply with ASML, Nvidia and TSMC hit amid reports of tighter export restrictions from the U.S. and a ramping up of geopolitical tensions.
• Bloomberg reported on Wednesday that the Biden administration is considering using a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.
• Donald Trump said Taiwan should pay the U.S. for defense, in an interview with Bloomberg Businessweek published on Tuesday.