US chip firms' stock up on Biden's China probe - Breaking The News
Download our appPlay StoreApp Store

US chip firms' stock up on Biden's China probe

EPA-EFE/JUSTIN LANE

The shares of several United States semiconductor makers rose on Monday after outgoing President Joe Biden's administration announced an investigation into foundational semiconductors used in the country and produced in China to protect the nation's manufacturing sector from Beijing's alleged unfair trade practices.

Advanced Micro Devices Inc.'s shares jumped by 5.36% at 11:10 am ET. Simultaneously, Global Foundries Inc.'s soared by 4.58%. Broadcom Inc. surged by 3.86%. Microchip Technology Inc. increased by 2.63%. A minute later, Intel Corporation rose by 2.54%, Nvidia Corporation by 1.97%, and Qualcomm Inc. by 1.79%.

Their parent index Nasdaq 100 went up by 0.39% at 11:26 am ET.

Related Stocks
Qualcomm
NVIDIA Corporation
Intel Corporation
Microchip Technology
Broadcom
Advanced Micro De...
Related News
Google said to partner with MediaTek on 'cheaper' AI chips
Alphabet Inc.'s Google plans to team up with the Taiwanese semiconductor company MediaTek to work on the next version of its artificial intelligence chips, known as Tensor Processing Units (TUP), starting next year, the Information reported on Monday, citing two people involved in the project.According to the report, one of the reasons why Google chose to work with MediaTek is because of its "strong" relationship with another Taiwanese firm, Taiwan...
Intel soars 15% after CEO change
Intel Corp. surged over 15% after the opening bell on Thursday following the appointment of tech veteran Lip-Bu Tan as its new CEO, effective March 18. "Together, we will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before," he said, adding that Intel will be engineering-focused.Intel jumped 15.35% at 9:56 am ET, selling for $23.78. In the last six...
Nvidia, Microsoft collab on neural shading support
Nvidia Corporation revealed on Thursday in a statement that it has partnered with Microsoft Corporation to bring neural shading support to the DirectX 12 Agility software development kit preview in April.According to Nvidia, this will allow game developers to access "RTX Tensor Cores to accelerate the performance of applications powered by RTX Neural Shaders."During the 2025 GDC conference in San Francisco, taking place from March 17 to March 21,...
Intel jumps 12% after appointing new CEO
Intel Corporation's shares surged by more than 12% on Wednesday after the company announced its decision to appoint Lip-Bu Tan as its new chief executive officer. Investors were reassured with the choice of an experienced leader with proven semiconductor experience, as Tan previously served as CEO at Cadence Design Systems, a tech company that provides software for major chip creators, including Intel.The company's stock jumped by 12.09% to...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.