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GlobalFoundries and Intel Lead Gains U.S. chipmakers surged Friday after reports that the Trump administration is preparing a new policy to  force domestic production to match imports . GlobalFoundries (GFS):  +8.4% Intel (INTC):  +4.4% Both companies have significant U.S. manufacturing capacity, positioning them to benefit from the proposed rules. The Proposal: A 1:1 Ratio for Chips According to the  Wall Street Journal , the administration wants U.S. semiconductor firms to produce  the same number of chips domestically as customers import from abroad . Companies unable to match imports with U.S. output would face  tariffs . The policy is seen as an  extension of Trump’s earlier plan  to impose 100% tariffs on foreign-made chips, with exemptions for firms building in the U.S. Firms would have a grace period to meet quotas while new fabs ramp up. National Security at the Core The White House argues the U.S. must reduce reliance on  foreign su...

Asian equities fell on Wednesday, led by chip stocks following disappointing earnings from ASML , Europe's largest tech firm. The Nikkei dropped 1.8% , Taiwanese stocks slipped 1.2% , and South Korean stocks fell 0.6% . The broader MSCI Asia-Pacific Index was down 0.32% , reflecting investor caution as global risks, including the upcoming U.S. election , loom large. ASML, which supplies equipment to major chipmakers such as TSMC, Intel, Samsung , and Micron , warned that 2025 sales would be lower than expected, despite a boom in AI-related chips . Weaker demand in other semiconductor sectors created a sense of caution, impacting the global chip market. Additionally, a Bloomberg report about potential U.S. export restrictions on AI chips added to market jitters. Chinese stocks also struggled, with the CSI 300 Index falling 0.6% and the Hang Seng Index down 0.7% . Investors are awaiting further details on China's stimulus plans, particularly in the property sector, as...

Nvidia Corp. CEO Jensen Huang saw his net worth plummet by $10 billion, the largest single-day drop in his wealth since the Bloomberg Billionaires Index began tracking it in 2016. This decline, bringing Huang's fortune down to $94.9 billion, came after Nvidia’s shares fell 9.5% on Tuesday, triggered by a broad selloff in chip stocks and news of a U.S. Department of Justice (DOJ) subpoena as part of an expanding antitrust investigation. Key Points: Antitrust Probe Escalation : The DOJ has issued subpoenas to Nvidia as it investigates whether the company’s market practices make it difficult for buyers to switch to alternative suppliers and whether it penalizes customers who do not exclusively use its AI chips. This move brings the government closer to potentially launching a formal complaint against the chipmaker. Impact on Huang's Wealth : Despite the sharp drop, Jensen Huang remains the world’s 18th richest person, with a year-to-date wealth increase of $51 billion, prior to th...