US-China Tensions Escalate with Chip and Mineral Trade Restrictions

The escalating US-China chip war poses increased risks for semiconductor companies like Nvidia and AMD, as China urges domestic firms to avoid US chips and bans exports of critical rare minerals. This follows the US adding more Chinese companies to its sanctioned list and imposing new export restrictions. The geopolitical tensions are impacting global supply chains and prompting companies like TSMC to diversify production to politically allied countries.