Biden admin considers tighter export controls on semiconductors to China, impacting global chip stocks.

Global chip stocks, including Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), and ASML, dropped significantly after reports emerged that the Biden administration is considering tighter export controls on semiconductors to China. The U.S. is reportedly considering using the most severe trade restrictions available if companies continue to provide China access to advanced semiconductor technology, raising concerns over risks to chip sales and market disruptions.

July 17, 2024
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