Trump Sending Shockwaves Across Global Chip Industry
Date
7/17/2024 3:17:03 PM
(MENAFN- Asia Times)
The recent decline in global chip Stocks – with industry giants like ASML, Nvidia, and Taiwan Semiconductor manufacturing Company (TSMC) taking significant hits – signals more than just market volatility.
Rather, it underscores the critical need for strategic realignment in the face of geopolitical upheaval coming mainly from the US, the world's largest economy.
The Biden administration is eying a major sweeping crackdown on companies exporting their critical chipmaking technology to China.
Washington's foreign direct product rule (FDPR), allows the US to implement controls on foreign-made products even if they use the smallest amount of US technology. This can affect non-American firms.
Separate comments from former US president Donald Trump – who now looks likely to win the race for the White House – in an interview have also sent shockwaves through the semiconductor industry.
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