Chip stocks drop as Trump suggests Taiwan pay for defense

Chip stocks plummeted after Donald Trump suggested Taiwan should pay for its own defense against China. Taiwan Semiconductor Manufacturing (TSMC) fell by 2.4% on Thursday, following a 7% drop the day before. Tokyo Electron shares sank by 8.8%, while ASML fell by 2%. Trump's comments raised concerns about US military support for Taiwan. Taiwan produces over 90% of the world's advanced chips, with TSMC being a major supplier to Apple and Nvidia.