(Telestock) – Chipmaker stocks have tanked on both sides of the Atlanticfollowing some comments on Taiwan by former President Donald Trump, the Republican candidate for the White House in the upcoming November elections, and some plans by the Biden administration to limit the export of key technology to China.
On the first front, Donald Trump told Bloomberg Businessweek that Taiwan should pay the United States for its defense as it gives nothing to the country, causing the stocks of Taiwan Semiconductor Manufacturing (TSMC) – the world’s largest contract chipmaker – listed in the United States.
L’Biden AdministrationBloomberg News reported, instead told allies that it is considering tough restrictions if companies like Tokyo Electron and ASML continue to grant China access to advanced semiconductor technology. The United States is also considering further sanctions on specific Chinese chip companies tied to Huawei.
Reduction For Nvidiawhich is trading at a loss of 5.92% on previous values, for Advanced Micro Deviceswhich falls by 8.05%, for Broadcomwhich shows a net loss of 6.72%, for MicronTechnologywhich shows a negative variation of 5.40%, for ARM Holdingswhich shows a -8.21%.
It moves instead bucking Intelthanks to its efforts in recent years to build plants in the United States and the fact that the company is one of the largest beneficiaries of the US Chips Act.
In Europe, ASML Holding closed with a decline of 10.93%. Italy, Technoprobe closed the session down 5.11% on previous values.