00:00It's Benzinga, and here's what's on the block.
00:02Chip stocks in Asia plummeted on Thursday following reports that the U.S. may impose
00:06stricter export restrictions on advanced semiconductor technology to China.
00:11TSMC lost over $50 billion in market value over two days.
00:15The decline was exacerbated by U.S. Republican presidential nominee Donald Trump's remarks
00:20that Taiwan should pay for America's defense of its country.
00:23Other major Asian tech companies also experienced losses.
00:27Analysts note that macro and geopolitical factors are overshadowing company fundamentals.
00:31For all things money, visit Benzinga.com.
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