Semiconductor and related tech shares hit hard by former US president’s calls for Taipei to pay for US protection
Business live – latest updates
The stocks of some of the world’s largest chipmakers have fallen further after comments by Donald Trump that Taiwan, which is central to the global industry, should pay for its own defences against China.
Shares in semiconductor and related tech companies had already plunged on Wednesday after the former president’s comments, as well as a report that suggested Joe Biden’s administration was considering the strictest controls on the trade of chips to China.
About Author
More Stories
Aston Martin limits exports to US because of Trump tariffs
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
Liberal-aligned thinktank running anti-Greens ads received $600,000 from coal industry in Queensland election