European chip stocks rally after Asian tech rebound

AIXTRON SE

13/05/2026 09:27

** European semiconductor stocks rise sharply as the sector tracks a rebound in Asian tech, with investors buying initial weakness in AI plays

** The move follows a late bounce in U.S. chip stocks that lifted the Philadelphia Semiconductor index .SOX off lows; Nasdaq futures up 0.6% after Tuesday's negative close

** Sector heavyweight ASML ASML.AS rises 2.5%, while STMicro STMPA.PA and Infineon IFXGn.DE both gain around 5%

** Elsewhere, ASMI ASMI.AS, Siltronic WAFGn.DE, Aixtron AIXGn.DE and ams OSRAM AMS.S are up between 1.6% and 7.9%

** Gains come amid lingering valuation concerns after recent rallies, though hopes of no further escalation in U.S.-China chip curbs offer support ahead of high-level talks this week

** STOXX Technology index .SX8P rises 1.6%, outperforming the wider STOXX 600 .STOXX, up 0.8%

 (Reporting by Ozan Ergenay and Danilo Masoni)

 ((ozan.ergenay@thomsonreuters.com))