As Western nations ramped up sanctions in response to Russia’s invasion of Ukraine, semiconductor stocks traded mixed on Monday. Shares of Taiwan Semiconductor Manufacturing (ticker: TSM) were down 4.1%, while Intel stock was down 0.7%. “Russia is a de minimis direct purchaser of semiconductors by themselves, with the Semiconductor Industry Association estimating that the country consumes less than 0.1% of global chip purchases,” the analysts wrote in a note Monday. Read More...
As Western nations ramped up sanctions in response to Russia’s invasion of Ukraine, semiconductor stocks traded mixed on Monday. Shares of Taiwan Semiconductor Manufacturing (ticker: TSM) were down 4.1%, while Intel stock was down 0.7%. “Russia is a de minimis direct purchaser of semiconductors by themselves, with the Semiconductor Industry Association estimating that the country consumes less than 0.1% of global chip purchases,” the analysts wrote in a note Monday.
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