Trump's latest tough trade action could hit already struggling chip stocks
President Donald Trump declared on Wednesday a national emergency over threats to American technology, which was followed by the Commerce Department adding China's Huawei Technologies to its Bureau of Industry and Security (BIS) Entity List. The move could hurt semiconductor companies like Skyworks Solutions, Qorvo, Broadcom, Micron Technology and Analog Devices since they have considerable revenue exposure to Huawei.