|European chipmakers tumble after Broadcom dashes hopes of rebound in demand|
June 14, 2019 / 3:15 AM / Updated an hour ago
LONDON (Reuters) - European semiconductor stocks fell on Friday after U.S. chipmaker Broadcom warned a U.S.-China trade conflict and export restrictions on Huawei were causing a broad slowdown in demand for chips.
Shares in ASML, STMicroelectronics, Siltronic, ASM International, Infineon, and AMS tumbled by 2.7% to 6.6% as the warning reignited fears chipmakers would not keep to their promises of a second-half recovery.
continues at reuters.com