Why Semiconductor Stocks Are Moving Wednesday
Portfolio Pulse from Erica Kollmann
China has announced export restrictions on gallium and germanium, metals critical to semiconductor production. This has led to a drop in the stock prices of several semiconductor and chip manufacturers, including Qorvo, Inc. (QRVO), QUALCOMM, Inc. (QCOM), Skyworks Solutions, Inc. (SWKS), and NXP Semiconductors N.V. (NXPI).
July 05, 2023 | 3:04 pm
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NXP Semiconductors' stock price has dropped 0.4% due to China's export restrictions on gallium and germanium.
China's export restrictions on gallium and germanium, key materials for chip production, directly impact NXP Semiconductors' operations, leading to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QUALCOMM's stock price has dropped 1.78% due to China's export restrictions on gallium and germanium.
China's export restrictions on gallium and germanium, key materials for chip production, directly impact QUALCOMM's operations, leading to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Qorvo's stock price has dropped 3.47% due to China's export restrictions on gallium and germanium.
China's export restrictions on gallium and germanium, key materials for chip production, directly impact Qorvo's operations, leading to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Skyworks Solutions' stock price has dropped 2.39% due to China's export restrictions on gallium and germanium.
China's export restrictions on gallium and germanium, key materials for chip production, directly impact Skyworks Solutions' operations, leading to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100