Chip stocks drop on fears US to toughen China rules

ASML makes chip manufacturing equipment

Global tech stocks fall in fear for the global computer chip industry. The sale of  comes after reports that the Biden administration may crack down on semiconductor exports  to China.  Former US President Donald Trump said that Taiwan, the largest producer of explosives, should protect itself. In the United States, the technology-heavy Nasdaq index closed at  on Wednesday, down 2.7%, while  stocks fell in Europe and Asia.  "regardless of the outcome of the election... I think we will see the United States increase some restrictions," said Bob O'Donnell, a senior analyst at TECHnalys Research.  "However, the biggest question is how long they will last." He lost 2.4% on Thursday, while semiconductor equipment  Tokyo Electron fell 8.8%  This came after Nvidia closed 6.6%  in New York on Wednesday, while AMD lost more than 10% lost  in Europe,  chip maker ASML fell. almost 11%  countries access  advanced chip technology.  ASML declined to comment when contacted by the alkhabrfdakika. Tokyo Electron did not immediately respond to a request for comment.  The alkhabrfdakika has also requested a complaint from the US  Department of Commerce.  The Biden administration has  taken steps to restrict China's access to high technology.  In October, it banned Chinese exports  of advanced semiconductors used in artificial intelligence (AI).  Words Mr. Trump and Taiwan have also shown that he will be able to destabilize the global crisis.  Taiwan produces many of the top chips in the world.  "Investors always react to any statement from the United States, but there is clearly a long-term business situation in the semiconductor industry," said Marco Mezger, Executive Vice President of the memory chip technology industry.