The Ratings Game: TSMC’s stock slumps after reported diss of U.S. chip efforts; industry downgrades also weigh on sector
Chip stocks lagged behind the broader market Monday following one report that Taiwan Semiconductor Manufacturing Co. is pessimistic about U.S. efforts to build domestic capacity, and another that said the third-party chip fabricator stopped work with a Chinese customer until it can determine if the products violate U.S. restrictions.
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