Global concerns over latest US tariffs affect the tech sector
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With the latest wave of reciprocal tariffs, global stock markets continue to decline, with a sell-off trend focused on the tech sector, especially after Trump's threats to impose tariffs of up to 100% on Taiwanese chip and semiconductor giant TMSC if it doesn't move its plants to the United States.
These statements have also impacted the downward trend of ASML (Amsterdam) and Infineon (Frankfurt), as well as US companies like TMSC and Intel, which lost ground in pre-market trading. During a Republican National Committee event, Trump strongly criticized the Biden administration for having funded TMSC with 6.6 billion dollars, claiming that semiconductor companies don't need government subsidies.
ST is also in a delicate phase: the Italian-French based semiconductor components manufacturer announced yesterday the proposal for Simonetta Acri's nomination by the Supervisory Board, whose term would end after the shareholders' meeting in 2028. Meanwhile, the candidacy of Marcello Sala, Mef's general manager, was rejected. He had been expected to replace Maurizio Tamagnini in 2026. Analysts view the current uncertainty regarding the company's governance negatively, which would harm the stock, alongside growing concerns about US tariffs."
These statements have also impacted the downward trend of ASML (Amsterdam) and Infineon (Frankfurt), as well as US companies like TMSC and Intel, which lost ground in pre-market trading. During a Republican National Committee event, Trump strongly criticized the Biden administration for having funded TMSC with 6.6 billion dollars, claiming that semiconductor companies don't need government subsidies.
ST is also in a delicate phase: the Italian-French based semiconductor components manufacturer announced yesterday the proposal for Simonetta Acri's nomination by the Supervisory Board, whose term would end after the shareholders' meeting in 2028. Meanwhile, the candidacy of Marcello Sala, Mef's general manager, was rejected. He had been expected to replace Maurizio Tamagnini in 2026. Analysts view the current uncertainty regarding the company's governance negatively, which would harm the stock, alongside growing concerns about US tariffs."