Shares of semiconductor and chip stocks are trading lower after China announced restrictions on the export of metals used in chip production.
Portfolio Pulse from Benzinga Newsdesk
Shares of semiconductor and chip stocks are trading lower after China announced restrictions on the export of metals used in chip production. Companies like NXPI, QCOM, QRVO, SWKS are likely to be affected.
July 05, 2023 | 1:56 pm
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NEGATIVE IMPACT
NXP Semiconductors' stock is trading lower due to China's restrictions on metal exports used in chip production.
As a major player in the semiconductor industry, NXP Semiconductors relies heavily on metals for chip production. China's new export restrictions could potentially disrupt their supply chain, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Qualcomm's stock is trading lower due to China's restrictions on metal exports used in chip production.
Qualcomm, being a major player in the semiconductor industry, relies heavily on metals for chip production. The new export restrictions from China could potentially disrupt their supply chain, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Qorvo's stock is trading lower due to China's restrictions on metal exports used in chip production.
Qorvo, as a significant player in the semiconductor industry, relies heavily on metals for chip production. The new export restrictions from China could potentially disrupt their supply chain, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Skyworks Solutions' stock is trading lower due to China's restrictions on metal exports used in chip production.
Skyworks Solutions, being a major player in the semiconductor industry, relies heavily on metals for chip production. The new export restrictions from China could potentially disrupt their supply chain, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100