Chip stocks tumble on fears of China tech curbs, Trump's Taiwan remarks

TOKYO/HONG KONG/NEW YORK -- Semiconductor-related stocks from TSMC to Tokyo Electron and Nvidia plummeted on Wednesday following remarks by Donald Trump on Taiwan and media reports that the U.S. may intensify measures to prevent companies from providing advanced technology to China.

Trump, the U.S. Republican presidential candidate, said in a Bloomberg interview published Tuesday that Taiwan should pay the U.S. for its defense and accused the island of taking American chip business.