China chip index nears 3-year high as TSMC order fuels self-reliance bets
Portfolio Pulse from
China's semiconductor index surged to near a three-year high due to expectations that a U.S. order stopping TSMC's advanced chip shipments to China will boost Beijing's self-reliance in semiconductors.
November 11, 2024 | 8:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TSMC's shipments of advanced chips to Chinese customers are halted by a U.S. order, potentially impacting its sales and accelerating China's self-reliance in semiconductors.
The U.S. order stopping TSMC's shipments to China could negatively impact TSMC's sales to Chinese customers, a significant market. This may lead to short-term stock price pressure as investors react to potential revenue loss.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80