U.S. semiconductor stocks Texas Instruments (NASDAQ:TXN) and Analog Devices (NASDAQ:ADI) came under pressure Monday as China escalated its regulatory offensive against the sector. Beijing launched fresh probes into American chipmakers and targeted Nvidia (NASDAQ:NVDA) with an antitrust ruling, setting a tense backdrop for ongoing U.S.-China trade talks in Madrid.
Texas Instruments and Analog Devices shares dropped after China's Ministry of Commerce initiated anti-dumping and discrimination investigations into U.S. semiconductors targeting American-made analog integrated circuit (IC) chips.
