Chip stocks drop on fears US to toughen China rules

By 2024-07-18Science & Tech

Technology stocks around the world have slumped on fears about the global computer chip industry.

The sell-off came after a report that the Biden administration could be set to further tighten restrictions on exports of semiconductor equipment to China.

Comments by former US President Donald Trump that Taiwan, the biggest producer of chips, should pay for its own defence added to the concerns.

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