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Nvidia and Intel are safe from China's tariffs on US semiconductors, Cowen says
4 monthes ago - By Business Insider
Nvidia and Intel are sheltered from China's retaliatory tariffs on semiconductor chips, according to Cowen analyst Matthew Ramsay.
Even though US chipmakers have strong exposure to the Chinese market, Chinese chipmakers aren't yet competitive.
China relies heavily on US chipmakers for its supply.
Watch Nvidia and Intel trade in real time here.
President Donald Trump's trade spat with foreign partners has financial markets scrambling to parse through which industries will get hit the hardest, and which will emerge relatively unscathed.
On June 15, when China announced tariffs on $50 billion...
Read more ...
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