US S&P 500, Nasdaq, and Dow futures fell 0.35%, ~0.5%, and 0.4% respectively after Trade Rep Jamieson Greer said chip controls weren’t discussed.
Nvidia’s AI chip H200 approval for ten Chinese firms was announced, but no deliveries made, and the stock slipped 0.7% in aftermarket.
TSMC jumped 4.5% as it projected the global semiconductor market to exceed $1.5 trillion by 2030, driven by AI demand.
President Trump and Xi will meet Friday, likely discussing tariffs, AI, Taiwan and US arms sales amid geopolitical tensions.