17
Jul
Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The Philadelphia Semiconductor Index sank 4 per cent. According to a Bloomberg report, the Biden administration has told US allies, including the Netherlands, that it is considering using the most severe trade restrictions available if companies such as Tokyo Electron and ASML continue giving China access to advanced semiconductor technology. The…