Global semiconductor stocks declined sharply on May 15, 2026. This followed a high-stakes summit in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping. The meeting concluded without significant agreements on technology trade.
U.S. Trade Representative Jamieson Greer confirmed that semiconductor access was not a primary discussion topic. This announcement dashed investor hopes for eased export restrictions.
Market expectations had risen after NVIDIA CEO Jensen Huang joined the U.S. delegation. The lack of progress triggered a widespread sell-off across the sector.
NVIDIA and AMD shares fell more than 3% in premarket trading. South Korean memory-chip maker SK Hynix closed 7.7% lower. European firms STMicroelectronics and Infineon also recorded significant declines.
Major U.S. technology firms face continued uncertainty regarding their access to the Chinese market.