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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

Chip stocks fall further after Trump’s remarks on Taiwan defence

A suited Donald Trump shouting and pointing. He has a bandage on his ear
Donald Trump claims Taiwan ‘doesn’t give us anything’. The country produces more than 90% of the world’s most advanced chips. Photograph: Joe Raedle/Getty Images

The stocks of some of the world’s largest chipmakers have fallen further after comments by Donald Trump that Taiwan, which is central to the global industry, should pay for its own defences against China.

Shares in semiconductor and related tech companies had already plunged on Wednesday after the former president’s comments, as well as a report that suggested Joe Biden’s administration was considering the strictest controls on the trade of chips to China.

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