Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower by 7% to $228.61 during Wednesday’s session. Shares of several semiconductor stocks are trading lower amid reports President Biden is considering further China restrictions and following Republican nominee Donald Trump's comments regarding the China-Taiwan standoff in an interview with Bloomberg. The sector may also be down following soft guidance from ASML.
Trump’s remarks regarding Taiwan’s dominant role in the U.S. chip industry and the outsourcing of manufacturing to Taiwan created concerns about potential political and economic instability. His comments suggested a possible shift in U.S. policy towards Taiwan, which ...
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