Chip stocks drop as Trump suggests Taiwan pay for defense

theguardian.com —

Chip stocks plummeted after Donald Trump suggested Taiwan should pay for its own defense against China. Taiwan Semiconductor Manufacturing (TSMC) fell by 2.4% on Thursday, following a 7% drop the day before. Tokyo Electron shares sank by 8.8%, while ASML fell by 2%. Trump's comments raised concerns about US military support for Taiwan. Taiwan produces over 90% of the world's advanced chips, with TSMC being a major supplier to Apple and Nvidia.


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