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Global Chip Stocks Plummet Amid US-China Trade Tensions
2024-07-17 23:55:09
Stocks
Technology

Global Chip Stocks Plummet Amid US-China Trade Tensions

Amid escalating US-China trade tensions fueled by Trump's Taiwan comments, global chip stocks have plummeted, shedding $480 billion. Concerns over tighter US restrictions on semiconductor tech exports to China have sent ASML Holding, Nvidia, AMD, Qualcomm, Micron, Broadcom, and Arm stocks tumbling by 5-11%.

In contrast, Intel, GlobalFoundries, and Texas Instruments have seen gains as US-based manufacturers. TSMC, the world's largest contract chipmaker, faced a 6% drop following Trump's Taiwan remarks.

The Biden administration's limitations on AI processors have impacted Nvidia's China revenue. Analysts predict a rise in restrictions, while emphasizing the importance of stable US-Taiwan relations and defense collaboration to bolster investor confidence and mitigate market volatility.

Related news on that topic:

Global Stock Markets React to Potential US Crackdown on Chipmakers

Global stock markets experienced significant volatility after reports emerged that the US plans to implement stricter export restrictions on chip technology to China. Tech shares tumbled globally, with London FTSE showing a slight increase while Germany DAX and Paris CAC fell. Companies such as Tokyo Electron, Disco, and Lasertec experienced significant drops in their stock prices, as did ASML, Nvidia, and other chipmakers. Taiwan chip stocks also fell following criticism from former President Donald Trump. The yen rallied after reports of potential currency intervention. The US has blocked China's access to advanced chips and has urged its allies to follow suit. China has become ASML's second-largest market as companies rushed to buy equipment before new licensing requirements. China's self-sufficiency in advanced technology was a focus of the Communist Party meeting. Despite expectations of a decline, US retailers' sales held firm, leading many to anticipate rate cuts by the Federal Reserve.

Market Dynamics: Tech Stocks Slide as Small-Caps Surge Amid Fed ... Fed Expectations

Tech and chip stocks like Apple, Microsoft, and Nvidia are dragging down U.S. stock futures as investors focus on small-caps amidst anticipation of Fed rate cuts. Asian markets are mixed on Fed rate cut hopes, with Australian stocks hitting record highs. Small-cap Russell 2000 is outperforming big tech, surging 12.27% YTD, while the S&P 500 equal-weight index is up 4.8%. A market rotation is underway as high-flying stocks slow. Concerns about overbought markets arise, especially after Tesla's stumble. Despite potential corrections, moderate market adjustments are expected, with the Federal Reserve likely to mitigate severe damage, leaving the S&P 500 with a 5% yearly gain.

Read 5 more recent news on this topic

The press radar on this topic:

Asia Times
17. Juli 2024 um 14:33

Trump sending shockwaves across global chip industry

Technology
Politics
Economy
TSMC, the world's leading semiconductor foundry, faces market volatility due to geopolitical tensions. The Biden administration's FDPR and Trump's remarks on Taiwan's semiconductor business have sent shockwaves, casting a shadow over US-Taiwan relations and the potential for Chinese aggression. TSMC's Taiwan-listed shares have dropped, indicating investor anxiety. To maintain its competitive edge and serve the global tech ecosystem, TSMC must diversify supply chains, invest in innovation, and..
Yahoo News
17. Juli 2024 um 13:36

Google, Microsoft offer Nvidia chips to Chinese companies, the Information reports

Technology
Politics
Economy
Google, Microsoft offer Chinese firms Nvidia AI chips via cloud services abroad, as Biden admin tightens U.S. tech exports over AI security concerns.
Inc.com
17. Juli 2024 um 19:39

Biden Administration Awards Taiwanese Chip Maker $400 Million for U.S. Factory

Politics
Economy
Technology
The U.S. will award Taiwan's GlobalWafers up to $400 million to boost domestic semiconductor wafer production, with GlobalWafers Chairwoman and CEO Doris Hsu expressing thanks for the government support to be a key node in the U.S. semiconductor supply chain.
Al Jazeera
17. Juli 2024 um 19:40

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

Finance
Politics
Technology
Chip stocks shed $480bn on China trade fears, Trump's Taiwan comments. US mulling tighter curbs on exports of advanced semiconductor tech to China. Chip stocks plunge, with ASML Holding, Nvidia, AMD, Qualcomm, Micron, Broadcom, Arm down 5-11%. Intel, GlobalFoundries, Texas Instruments gain as US manufacturers. TSMC, world's largest contract chipmaker, falls 6% on Trump's Taiwan defense comments in Bloomberg Businessweek. Biden admin curbed exports of AI processors, denting Nvidia's China reven..
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