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Chipmakers plunged in Asian trade Tuesday over new US measures to limit China’s access to high-end semiconductors with military uses, a move that wiped billions from companies’ valuations worldwide
Chip-related stocks in Japan, South Korea, and Taiwan slumped, contributing to a wipeout of more than US$240 billion (RM1.12 trillion) from the sector's global market value after the Biden administration imposed curbs on China's access to semiconductor technology.
TSMC shares are cheapest in 7 years on forward earnings valuation.
Chipmakers plunged in Asian trade Tuesday over new US measures to limit China's access to high-end semiconductors with military uses, a move that wiped
Chipmakers plunged in Asian trade Tuesday over new US measures to limit China's access to high-end semiconductors with military uses, a move that wiped billions from companies' valuations worldwide.