Chip Stocks Fall Sharply After US Midterm Elections
Listen to the story
Chip company stocks fell this week. TSMC is a big chipmaker from Taiwan. Its stock price fell 10 percent. Another company called UMC also makes chips. Its stock fell 16 percent. This was a big drop for both companies.
The drop happened after US elections. Democrats won many seats in the midterm elections. These elections happen every two years in the US. After the news, chip stocks around the world fell too. People call this big fall a rout. A rout means prices fall very fast.
Chips are small parts inside computers and phones. Many companies need chips for new AI technology. AI means computers that can think like humans. TSMC makes many chips for AI companies. People are asking if TSMC's stock price can grow more. Some people also compare TSMC to another chip company called Intel. They want to know which company is a better choice for investors.
Vocabulary6 words
- chipmaker
- a company that makes small computer parts
- stock
- a small part of a company that people can buy
- midterm elections
- US elections held every two years
- rout
- a very fast fall in prices
- AI
- computers that can think and learn like people
- investors
- people who put money into companies to make more money
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Quiz
Answer key
1. 10 percent 2. Democrats won midterm elections 3. Chips
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Chip company _____ fell this week. TSMC is a big _____ from Taiwan. Its stock price fell _____ percent. Another company called UMC also makes chips. Its stock fell _____ percent.
The drop happened after US _____. Democrats won many seats in the midterm elections. After the news, chip stocks around the world fell too. People call this big fall a _____.
Chips are small parts inside computers and phones. Many companies need chips for new _____ technology. TSMC makes many chips for AI companies. People are asking if TSMC's stock price can grow more. Some people also compare TSMC to another chip company called _____.
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