Why are chip stocks down? TSMC and Nvidia shares slump after Trump’s Taiwan comments, reports of new China restrictions

Major semiconductor companies are seeing their stock prices fall today in premarket trading, likely for a few different reasons. Here’s what to know.

Share prices in major semiconductor companies are down across the board in premarket trading this morning. That includes shares in Taiwan Semiconductor Manufacturing Company (TSMC), which fabricates the chips used in Apple’s iPhones, and Nvidia Corporation, which makes the chips that power AI platforms like ChatGPT.