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.
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.