Technology9/2/2025•Bloomberg
US Pulls TSMC China Waiver, Tech Stocks Fall | Bloomberg Tech 9/2/2025
The US has revoked TSMC's authorization to freely ship essential chipmaking gear to its main Chinese base, causing a decline in tech stocks. The move has had a significant impact on the industry, with the Magnificent 7 names, including Nvidia, experiencing a tumble. Additionally, the CEO of Crypto.com has discussed the company's latest deal with Trump Media, which has attracted attention in the tech world. The article highlights the ongoing tensions between the US and China regarding technology and trade, as well as the broader effects on the tech sector.
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