On Monday, the stock price of large semiconductor foundry company suffered a heavy blow. Among them, TSMC (TSMC) fell 7.1%, falling to its lowest level since the first quarter of 2021. At the same time, Samsung Electronics fell by 3.9%, and SK Hynix also fell by 3.5%. Bloomberg reported that the selling wave in the Asian market has been largely affected by the newly issued semiconductor sales restrictions by the Biden administration.
2008 to the present MSCI Global Technology Index (from: Bloomberg)
In addition, from the perspective of the overall environment, the global technology stock has also experienced the worst month since October 2008. Omdia analyst Akira Minamikawa pointed out:
The US move will prompt China to accelerate its development of the domestic chip industry. At the same time, while doing business, Japanese companies should continue to engage in unrestricted commodity trade with Chinese companies.
On the other hand, Japanese companies also need to be prepared for the future in the long term, from ten years to two years, and the tense situation is driving China's efforts to accelerate.
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