Wall Street's semiconductor index lost more than $500 billion in market stock value on Wednesday in its worst session since 2020 after a report showed Washington was considering stricter restrictions on the export of advanced semiconductor technology to China.
After comments from Republican presidential candidate Donald Trump that Taiwan, one of the main production centers, should pay the United States to defend them, the sale of chip-making shares increased.
The latest fears of chip investors have escalated after Washington in recent years adopted a tougher stance to protect the U.S. semiconductor industry, which it sees as strategically important to compete against China.
Source (Al-Arabiya.net Website, Edited)
