Semiconductor Industry Fluctuates as U.S. Levies Stricter Sanctions on China
Wednesday, 17 July 2024, 13:43
Nvidia, AMD, and Semiconductor Stock Decline
Chip stocks led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) are trading lower on Wednesday as the U.S. escalates semiconductor sanctions against China.
Political Tensions Impact Supply Chain
The U.S.-Taiwan Semiconductor Manufacturing Company (NYSE:TSM) conflict adds to the market turmoil, raising concerns over potential supply chain disruptions.
- Implications of Foreign Direct Product Rule: The Biden administration contemplating FDPR implementation poses additional uncertainties for foreign-made products in the semiconductor industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.