Taiwanese chipmaker TSMC and other leading chipmakers declined after trading resumed in Taiwan, amid a global tech rout and concerns over valuations and US restrictions on chip sales to China.
Taiwanese chipmaker TSMC plunged along with other leading chipmakers as trading resumed in Taiwan following a two-day break due to a typhoon. This came amid a global tech rout as investors soured on AI promises, with TSMC's record-breaking rally faltering since mid-July. Concerns over pricey valuations and the risk of tighter US curbs on chip sales to China have contributed to the dip.
July 26, 2024
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