'There Is Only One China': Nvidia Chief Flags Dangers To US Chips Act, Repercussions Of US Tech Embargo On China
Portfolio Pulse from Anusuya Lahiri
Nvidia CEO Jensen Huang warns that the US semiconductor chip embargo with China could cause immense damage to the US tech industry. He highlights the importance of the Chinese market for companies like Nvidia and the potential repercussions of further trade restrictions. China's ban on Micron Technology products is seen as retaliation against the embargo.
May 24, 2023 | 10:55 am
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Micron Technology faces repercussions from the US chip embargo with China, as China has banned its products from critical infrastructure in retaliation.
Micron Technology is directly affected by the US chip embargo with China, as China has banned its products from critical infrastructure in retaliation. This ban could negatively impact Micron's sales and revenue, leading to a short-term negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's CEO warns that the US chip embargo with China could cause significant damage to the company, as China is one of its biggest and most important markets.
Nvidia's CEO Jensen Huang expressed concerns about the impact of the US chip embargo with China on the company. China is one of Nvidia's biggest and most important markets, and the embargo has restricted the company from selling its advanced chips in the country. This could lead to a negative short-term impact on Nvidia's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company's retired founder Morris Chang also warns of the repercussions of US technology sanctions on China.
Morris Chang, the retired founder of Taiwan Semiconductor Manufacturing Company, has also expressed concerns about the repercussions of US technology sanctions on China. As TSM is a major player in the semiconductor industry, any negative impact on the industry could potentially affect TSM's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60