News Article
Semiconductor shares impacted by global upset
The U.S. Government rejected the $700 billion rescue package on Monday and the broader market including the shares of semiconductor companies fell alongside.
One of the worlds biggest semiconductor companies, Intel, saw its shares close at $17.27. That is a 10.1% or $1.93 loss. Approximately 80% of computers and servers worldwide are run by Intel's microprocessors.
Eighteen of the biggest IC manufacturers as well as manufacturing equipment suppliers, are tracked by the Philadelphia Semiconductor Sector Index. A fall of 24.01 points has been registered, That is 7.5% down to 297.61.
TSMC's stock price fell 55 cents, 6%, to close at $8.70. TSMC is one of the largest contract manufacturer of semiconductors.
Texas Instruments, a large provider of microprocessors for the mobile phone industry also noted a fall, $1.75, 7.5% to $21.21.
Broadcom, a semiconductor company that designs and trades microprocessors for the mobile phone and network industry, had its shares crumble to 17.19. That is 9.9% or $1.89.
Eighteen of the biggest IC manufacturers as well as manufacturing equipment suppliers, are tracked by the Philadelphia Semiconductor Sector Index. A fall of 24.01 points has been registered, That is 7.5% down to 297.61.
TSMC's stock price fell 55 cents, 6%, to close at $8.70. TSMC is one of the largest contract manufacturer of semiconductors.
Texas Instruments, a large provider of microprocessors for the mobile phone industry also noted a fall, $1.75, 7.5% to $21.21.
Broadcom, a semiconductor company that designs and trades microprocessors for the mobile phone and network industry, had its shares crumble to 17.19. That is 9.9% or $1.89.
