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IPFS News Link • Manufacturing-U.S.A

Global Chip Rout Vaporizes Quarter Trillion In Value As Earnings Estimates Crater

• Zero Hedge - Tyler Durden

Global semiconductor stocks were monkey-hammered Tuesday in a worsening US-China tech war. The acceleration of the chip rout has wiped out a whopping $240 billion from the sector's global market value since Thursday, according to Bloomberg data. In total, Global semi stocks have lost over $1.7 trillion in market cap from their Dec 2021 highs...

Taiwan Semiconductor Manufacturing Co., the world's largest chipmaker, plunged as much as 8.5% in Asia (a record), while Samsung Electronics and Tokyo Electron also extended declines. 

Anarchapulco 2023