Nvidia and others are the latest casualties of escalating tensions between Washington and Beijing, as analysts press business leaders about the tariffs fallout.

Jensen Huang, the C.E.O. of Nvidia, finds his company being increasingly squeezed by Washington-Beijing trade tensions.Mike Kai Chen for The New York TimesRed tape

Down, up, and down again: U.S. futures and stocks in Asia and Europe are lower on Wednesday as more companies get pulled into the crossfire of President Trump’s trade war with China.

Nvidia fell sharply in premarket trading after the chip giant issued a $5.5 billion write-down on Tuesday because of more restrictions on shipments to China. ASML, a Dutch maker of semiconductor manufacturing equipment, was also down significantly on trade-war warnings.

They’re signs of fresh worries for the semiconductor industry. The Trump administration has ordered manufacturers to obtain permits to ship more of

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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