Trump's victory and the impact on chips: Intel up, TSMC down
The isolationism promised by the new president and his phrases on Taiwan have their first real effects on the semiconductor market
2' min read
2' min read
Donald Trump's victory is the market mover of the moment, and it could not be otherwise. The new President of the United States of America (who will take office in January 2025) expressed very clear foreign policy concepts during his election campaign, which is why his election is moving the stock markets. Also and especially the semiconductor sector, which is highly stratgic for the United States of America.
In the pre-market, Intel jumped up (gaining almost 5%), but all tech stocks ran. While Elon Musk's Tesla literally flies).
On the other hand, Taiwan's TSMC, the global chip leader, is marching in negative tact. And the reason seems clear enough: Trump's words and plans on Taiwan. We wrote about it here.
Trump's accusations against Taiwan
.Last July, during an interview with Bloomberg Business Week, the tycoon had made it clear that US support for Taiwan in its dealings with China would no longer be a priority, should he win. Trump, in fact, had explained that it is unfair that Taiwan does not pay the US for the protection (from China) it has provided over the years. And then he had criticised Taiwan's own chip industry, finding it guilty of stealing technology from the US.
"Taiwan took away our chip business," Trump had said in that interview. "I mean, how stupid are we? They took away our entire chip business. They are immensely rich."
