Chip stocks tumble on fears of China tech curbs, Trump's Taiwan remarks

TSMC, Tokyo Electron, Nvidia decline in global tech sell-off

20240717N U.S. China chips

Tighter U.S. restrictions on exporting chip technology to China could be a big blow to companies like Tokyo Electron and ASML. © Reuters

Nikkei staff writers

TOKYO/HONG KONG/NEW YORK -- Semiconductor-related stocks from TSMC to Tokyo Electron and Nvidia plummeted on Wednesday following remarks by Donald Trump on Taiwan and media reports that the U.S. may intensify measures to prevent companies from providing advanced technology to China.

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