Tech Turmoil: Chip Stocks Plunge Amid China Trade Woes and Trump’s Taiwan Remarks, TSMC Takes a Hit
Jul 21, 2024 ·
7m 15s
![Tech Turmoil: Chip Stocks Plunge Amid China Trade Woes and Trump’s Taiwan Remarks, TSMC Takes a Hit](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/a97bbbc3144b76ffeeeb9dc489d2f06a.jpg)
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Description
Chip stocks shed $480 billion in market value amid concerns over China trade relations and comments from former President Trump regarding Taiwan. Despite raising its 2024 revenue forecast, TSMC shares declined nearly 2%.
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