Renesas Electronics Corp Stock Price Declines Amid Tariff Concerns
Renesas Electronics Corp, a leading semiconductor company, has experienced a decline in its stock price in recent days. The company’s shares have fallen due to concerns over the potential impact of a 100% tariff on foreign-made computer chips, proposed by US President Donald Trump.
Market Impact
The proposed tariff could lead to higher production costs for companies like Renesas, which has operations in the US. However, the company’s stock price has been influenced by the overall positive trend in the Asian markets, where chipmakers have seen gains due to the expected benefits from the CHIPS and Science Act.
Stock Price Volatility
The company’s stock price has been volatile, with a recent high of 2750 and a low of 1320. Despite this volatility, Renesas Electronics Corp’s market capitalization remains significant.
Key Statistics
- Recent stock price high: 2750
- Recent stock price low: 1320
- Market capitalization: significant