The Semiconductor Industry Association (SIA) today issued a statement regarding potential additional government restrictions on semiconductors. According to the association: "the imposition of overly broad, ambiguous, and sometimes unilateral restrictions could reduce the competitiveness of the US semiconductor industry, disrupt supply chains, create significant market uncertainty, and prompt China to further escalate retaliation".
The agency calls for an easing of the situation and a two-way dialogue. US Treasury Secretary Janet Yellen also commented on the situation in China and the US at midday today. According to Yellen, the US is not heading for a recession and the dialogue with high-ranking Chinese officials was substantive and promising.
Update 5pm BST
Representatives from US semiconductor companies will hold a meeting today with the US Secretary of Commerce and the National Security Advisor.
Semiconductor companies are doing relatively well today. Source: xStation 5
Daily Summary: US2000 leads on Wall Street📈Crypto and metals up, US dollar down
Coinbase shares above important resistance zone🔔
US500 hits new all-time high📈Applied Materials loses, RareEarth USA surges on US deal rumors
DE40: Europe looking for direction amid mixed PMI reports
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
