Chip stocks fall as trade tensions escalate

Jamie McKane

MyBroadband Journalist
Joined
Mar 2, 2016
Messages
7,000
Chip stocks fall as trade tensions escalate

A bad month is getting worse for U.S. and European semiconductor stocks.

While the sector has been one of the biggest casualties of the escalation of trade tensions between the U.S. and China, news on Monday that some Huawei Technologies Co. suppliers are said to have halted shipments to the Chinese company sent heavyweights Intel Corp. and Qualcomm Inc. lower in U.S. pre-market trading.

[Bloomberg]
 
Top