Reported 5 months ago
Wall Street's semiconductor index experienced a staggering loss exceeding $500 billion as fears mount over tighter US export restrictions on advanced semiconductor technology to China. The decline was exacerbated by comments from Donald Trump regarding Taiwan's defense spending, spurring a sell-off in chip stocks like ASML and Nvidia. Despite this downturn, experts suggest that the foundational demand for semiconductors remains intact, even as the US continues to impose trade curbs against China.
Source: YAHOO