Some of the world’s biggest chipmakers, such as ASML, Nvidia and TSMC, were down sharply at press time amid reports of tighter export restrictions from the United States and rising geopolitical tensions, fueled in turn by comments from former President American Donald Trump.
Nvidia shares were down 5.4% on Wall Street, while Dutch company ASML fell 9.5%. In Japan, Tokyo Electron was down 7.5%, according to CNBC.
The dynamics come after the American press wrote that the Biden administration is considering a series of restrictions for companies that export to China their essential chip manufacturing equipment.
Earlier, Donald Trump, who is again running for the presidency of the United States from the Republican Party, said that Taiwan should pay for the US defense. He also claimed that Taiwan took “about 100%” of America’s semiconductor business.
The statements called into question the US commitment to defend Taiwan in the event of an attack by the People’s Republic of China, which considers the island part of its territory.
The pan-European Stoxx 600 index fell by 0.2% towards the end of today’s session. In the United States, the Nasdaq Composite lost 2.1%, and the S&P 500 around 1%. Dow Jones rose by 0.3%, after closing yesterday at a new all-time high.
(source: AFP)
Source: jurnalul.ro
