NVIDIA Corporation NVDA
Advanced-chip export policy
Direct · MAG 7China Cold War
U.S.–China competition reaches markets through chip access, critical materials, tariffs, investment restrictions, and Taiwan security. These channels can move in different directions at the same time.
Research updatedWhy markets care
BIS export-license rules govern which advanced semiconductors can be sold into China. USTR tariff actions separately affect imported goods. Both are concrete policy levers that matter more than a generic rivalry headline.
Supply-chain exposure is asymmetric: U.S. chip designers, equipment makers, Taiwan fabrication, China consumer platforms, and mineral suppliers face different risks.
What to watch
- BIS rule and license changes for chips and equipment
- USTR actions, exclusions, and Chinese countermeasures
- Taiwan production continuity and rare-earth export permissions
What could change the view
Licenses, carve-outs, and commercial adaptation can preserve trade even when political language hardens.
Names in our universe
Tracked watchlist snapshot: April 14, 2026. Exposure paths are research associations, not holdings or return forecasts.
ASML Holding N.V. - New York Registry Shares ASML
Semiconductor equipment restrictions
Direct · CLOUD/SEMIApplied Materials, Inc. AMAT
Semiconductor equipment restrictions
Direct · CLOUD/SEMITaiwan Semiconductor Manufacturing Company Ltd. TSM
Taiwan fabrication and cross-strait risk
Direct · CLOUD/SEMIAlibaba Group Holdings Ltd. BABA
China domestic-demand and listing exposure
Second-order · ChinaMP Materials Corp. MP
Critical-mineral supply diversification
Second-order · METALS