XLNX - U.S. chip makers log gains shrugging off China power restrictions

AMD has reversed course from the early morning, moving to a 1.1% gain along with a few semiconductor peers bucking the down market in technology today. The developments come alongside the prospects that a Chinese tightening of energy consumption could worsen ongoing supply-chain disruptions, as firms in China curb production to comply. Intel (NASDAQ:INTC) has also risen to a gain of 0.5%, and Micron (NASDAQ:MU) is up 1.1% now. Xilinx (XLNX +1.2%) and Qorvo (QRVO +0.7%) are higher while much of the rest of the sector is still down, notably Nvidia (NVDA -2.7%) but also including Broadcom (AVGO -0.6%), Qualcomm (QCOM -0.7%), Analog Devices (ADI -1.2%) and Texas Instruments (TXN -1.1%). Meanwhile, European suppliers today have largely dismissed worries over the power story - STMicroelectronics (NYSE:STM) is down just 0.6% in NYSE trading - and Europe and the U.S. are set to announce chip commitments on Wednesday at a Pittsburgh

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U.S. chip makers log gains, shrugging off China power restrictions