On June 20, 2023, NVIDIA's stock price fell by more than 1.5%, and TSMC's stock price dropped by 1.90%. Previously, The Wall Street Journal reported that the United States plans to take action against its allies' chip factories in China as part of broader measures to restrict technology exports to China. The U.S. plans to revoke exemptions for companies like Samsung, SK Hynix, and TSMC, which currently allow them to use U.S. technology in their Chinese factories without having to apply for licenses on a case-by-case basis.