New U.S. sanctions against China collapsed the semiconductor industry - the market value of Samsung, TSMC, ASML, Sk Hynix and other companies in the sector fell by $240 billion

Not only Chinese companies have suffered because of the expanded restrictions on exports of semiconductors to China, imposed by the U.S. government a few days ago.

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A few days ago we wrote that SMIC shares fell 3.8%, Hua Hong Semiconductor fell 9.5%, NAURA Technology Group fell 10%, Alibaba and Tencent fell 3.3% and 1.7%, respectively. But other companies in the semiconductor industry also felt the effects of the expanded restrictions.

For example, shares of the largest contract manufacturer of microchips, TSMC, fell by 8.3%, marking a new 7-year low. Samsung didn't suffer as much. The value of the South Korean manufacturer's shares fell by 3.9%, but it was enough to reach the minimum level in 2022. SK Hynix shares fell by 3.5%.

The effect of the sanctions was felt by ASML, a leading lithographic equipment manufacturer from the Netherlands. At the beginning of the new week its shares fell by 11%. In addition, the market capitalization of AMD, NVIDIA and Qualcomm decreased by 1%. The total value of all companies in the semiconductor sector fell by $240 billion.

Source: Bloomberg

Image: Nikkei Asia