Trump Tariffs Hit European Chipmakers

  Published 1 year ago

European semiconductor stocks plummeted after Donald Trump threatened tariffs on Apple products. STMicroelectronics led the decline, dragging down peers like Besi, Infineon, and ASML due to potential supply chain disruption and escalating trade tensions.

  • STMicroelectronics shares fell 4.5%.
  • Trump proposed tariffs on Apple & EU goods.
  • ASML and ASM International also declined.

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