Global chip stocks, including Nvidia and key manufacturers like TSMC and ASML, saw significant drops amid U.S. discussions on stricter export controls and doubts over defending Taiwan.
Concerns rose as the Biden administration may implement the foreign direct product rule, potentially impacting companies using American technology and pressuring allies like Tokyo and Hague to align chip-policies.
Trump's remarks on Taiwan paying for defense stirred further uncertainty, especially regarding Taiwan's significant semiconductor role, housing 92% of the world's advanced chip manufacturing capacity.
TSMC, a major chip manufacturer, plays a vital role in supplying Nvidia's H100GPUs, essential components in AI, highlighting the interconnectedness and importance of the semiconductor industry.
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