U.S. Markets closed

Semiconductor Stocks Fall on Second Round of US Tariffs

Paige Tanner
Semiconductor Stocks Fall on Second Round of US Tariffs

Semiconductor companies have started to feel the impact of the US-China trade war. In September, memory chip maker Micron Technology (MU) reported weaker guidance for the November quarter for several reasons, one of which was tariffs. It stated that the new tariffs would reduce its gross margin by 50–100 basis points.