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NXP Semiconductors, Micron among movers on trade war hold

  • NXP Semiconductors (NASDAQ:NXPI), Micron (NASDAQ:MU), AMD (NASDAQ:AMD), and Acacia Communications (NASDAQ:ACIA) are among the companies moving after Treasury Secretary Steve Mnuchin said the U.S. and China will “put the tariffs on hold for now.”
  • Mnuchin says the countries will work on a trade framework.
  • NXP Semiconductors gains 2.7% on the improved conditions for an approved acquisition by Qualcomm (NASDAQ:QCOM), which is up 1.6% premarket.
  • AMD gains 1.1% premarket, Micron gains 2.2%, and Nvidia (NASDAQ:NVDA) is up 1.1%.
  • Acacia Communications shares are up 5.2% because the company gets 20% of revenue from China’s ZTE.
  • Other ZTE suppliers that could move on the news: Oclaro (NASDAQ:OCLR), Skyworks (NASDAQ:SWKS), and Silicon Labs (NASDAQ:SLAB). 
  • Previously: Acacia, NXP Semi among movers on U.S.-China thaw (May 14)

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