Tag: semiconductor stocks

Yesterday, President Trump tweeted that he would delay the upcoming hike on the China tariffs. US semiconductor companies are sensitive to trade wars.

It's that time of year—Apple (AAPL), the world’s largest handset maker by revenue, is launching its new iPhones. Apple chip supplier stocks have rallied.

The VanEck Vectors Semiconductor ETF and the iShares PHLX SOX Semiconductor ETF fell 1.5% and 1.6% on September 3 but recovered the next day.

August was tough for the semiconductor industry and semiconductor ETFs. The stocks fell significantly in early August when the US-China trade war escalated.

Micron has been in a rough patch for some time. It's been suffering due to the US-China trade war, a semiconductor downcycle, and a recessionary scenario.

The new tariffs imposed over the weekend will likely hit every US consumer product. Notably, the new tariffs would impact US tech stocks.

US markets plunged on Friday after China and the US once again escalated the trade war. Semiconductor companies will be among the worst hit by the tariffs.

US Commerce Secretary Wilbur Ross granted a 90-day reprieve to Huawei on August 19, which came as a relief to chip companies.

The market fell on August 14 when China threatened to retaliate against US tariffs. This news hit semiconductor stocks, which depend on China for revenue.

Chinese telecom equipment giant Huawei is at the epicenter of a new wrinkle in the trade war. Let’s look at last week’s developments related to Huawei.