US chip stocks rise after Trump elected as US president
** U.S. chip firms' shares rise between 1% and 6.5% premarket after Donald Trump elected U.S. president
** Trump has previously vowed to impose a 10% tariff on imports from all countries, and 60% duties on imports from China
** Trump previously said Taiwan had taken America's semiconductor business
** "Given Trump's America First mantra, there is an expectation that he will prioritize support for home-grown tech, in particular the manufacturing of highly sought after semi-conductors" - Susannah Streeter, head of money and markets, Hargreaves Lansdown
** "Although he (Trump) appears broadly aligned with the policies of the Biden administration in imposing tariffs to protect U.S. production, there are clearly hopes he'll go a step further"
** Shares of Nvidia NVDA.O, Micron Technology MU.O, Broadcom AVGO.O, Qualcomm QCOM.O, Advanced Micro Devices AMD.O up between 0.6% and 3%
** Intel INTC.O and GlobalFoundries GFS.O both up 4.4%
** U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N down 1.9%
Reporting by Harshita Mary Varghese in Bengaluru
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