ON - What's Going On With ON Semiconductor Stock? | Benzinga
ON Semiconductor Corp (NASDAQ:ON) shares are trading higher by 0.56% to $75.89 during Thursday’s session. With Taiwan Semiconductor Mfg. Co. Ltd. surpassing second-quarter earnings expectations, semiconductor stocks are recovering following Wednesday’s selloff. On Wednesday, the sector experienced a decline due to speculations about President Biden potentially imposing more restrictions on China. This comes alongside Republican nominee Donald Trump’s remarks about the China-Taiwan conflict during a Bloomberg interview.
Trump's remarks about Taiwan controlling "100% of our chip business" emphasize the substantial reliance of the U.S. semiconductor industry on Taiwanese manufacturing. This dependence raises concerns about possible supply chain disruptions, particularly amidst geopolitical tensions between China and Taiwan.
Geopolitical risks surrounding TSMC can generate negative ...