TECH - TSMC ASML And Other Chip Stocks Slide As Market Anticipates Nvidia's Earnings Report Impact | Benzinga
The stock prices of two major chip companies, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and ASML Holding NV (NASDAQ:ASML), have taken a hit ahead of the Q4 earnings report of NVIDIA Corp (NASDAQ:NVDA).
What Happened: TSMC, the world’s leading producer of advanced processors, saw its shares fall nearly 1% on Wednesday morning in Taiwan. TSMC is responsible for manufacturing chips for companies like Nvidia and Apple. ASML, a Dutch semiconductor equipment manufacturer, experienced a 2.09% drop in its Nasdaq-listed shares on Tuesday.
Other Taiwanese semiconductor companies, such as United Microelectronics Corp (NYSE:UMC) and MediaTek Inc (OTC:MDTTF), also faced declines ...