A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…
By Akriti Shah (Reuters) -Shares of Texas Instruments sank more than 8% on Wednesday in premarket trading, after the chipmaker’s downbeat fourth-quarter profit and revenue outlook deepened worries over a drawn-out recovery in the analog chip market as tariff uncertainty plagues the wider industry. While TI has reduced some of its business exposure to the…
China’s legacy chip companies are set to gain from the latest escalation in the US-China tech war, as Beijing’s latest anti-dumping investigation targets analogue chipmakers from the US. The Ministry of Commerce said on Saturday the import volume of US mature mode integrated circuit (IC) chips subject to the investigation increased 37 per cent from…
Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday. The move follows Apple’s prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas. Shares of Apple climbed…