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.
