Nvidia and Other Chip Giants Are Caught in Trade War Crossfire

Red tape Down, up, and down again: U.S. futures and stocks in Asia and Europe are as more companies get pulled into the crossfire of President Trump’s trade war with China.

Nvidia fell sharply in premarket trading after the chip giant issued a $5.5 billion write-down on Tuesday because of more restrictions on shipments to China. , a Dutch maker of semiconductor manufacturing equipment, was also down significantly on trade-war warnings.



The Trump administration has ordered manufacturers to obtain permits to ship more of their products to China and other countries. The extra red tape will probably of H2O processors intended specifically for the Chinese market. The sector is already worried about , after a brief reprieve from Trump.

(It’s also figuring out how to navigate the , a major manufacturing hub, in the U.S.-China trade fight.

) Trump signed an executive order on Tuesday tasking the Commerce Department to begin an investigation that could end up , many of which are used in making high-tech and military equipment. The aim of country-by-country trade talks is to extract guarantees that the countries will also , The Wall Street Journal reports. We are having trouble retrieving the article content.

Please enable JavaScript in your browser settings. Thank you for your patience while we verify access. If you are in Reader mode please exit and your Times account, or for all of The Times.

Thank you for your patience while we verify access. Already a subscriber? . Want all of The Times? .

.