Shares of semiconductor and chip companies 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 companies are trading lower after China announced restrictions on the export of metals used in chip production. This impacts companies like Intel (INTC), KLA Corp (KLAC), Lam Research (LRCX), Micron Technology (MU), and ON Semiconductor (ON).
July 05, 2023 | 7:26 pm
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NEGATIVE IMPACT
Intel's stock is trading lower due to China's restrictions on the export of metals used in chip production.
As a major semiconductor and chip manufacturer, Intel relies on certain metals for its production. China's export restrictions on these metals could potentially disrupt Intel's supply chain, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KLA Corp's stock is trading lower due to China's restrictions on the export of metals used in chip production.
KLA Corp, being a key player in the semiconductor industry, could face supply chain disruptions due to China's export restrictions on metals used in chip production. This could negatively affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lam Research's stock is trading lower due to China's restrictions on the export of metals used in chip production.
Lam Research, a major supplier to the semiconductor industry, could face supply chain disruptions due to China's export restrictions on metals used in chip production. This could negatively affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Micron Technology's stock is trading lower due to China's restrictions on the export of metals used in chip production.
Micron Technology, a leading semiconductor company, could face supply chain disruptions due to China's export restrictions on metals used in chip production. This could negatively affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON Semiconductor's stock is trading lower due to China's restrictions on the export of metals used in chip production.
ON Semiconductor, a significant player in the semiconductor industry, could face supply chain disruptions due to China's export restrictions on metals used in chip production. This could negatively affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80