On Monday, Artificial intelligence chip stocks, including Nvidia Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), Micron Technology, Inc (NASDAQ:MU), Marvell Technology, Inc (NASDAQ:MRVL), Qualcomm Inc (NASDAQ:QCOM) were sliding.
Some reports indicate that the U.S. chip subsidies for contract chipmakers like Taiwan Semiconductor may be scrapped. President Donald Trump recently revealed his want to scrap the U.S. CHIPS Act.
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Trump is due to meet with the leaders of some of the leading tech companies, including HP Inc (NYSE:HPQ), Intel Corp (NASDAQ:INTC), International Business Machines Corp (NYSE:IBM), and Qualcomm, which are vulnerable to potential stricter …Full story available on Benzinga.com