European semiconductor stocks fall on Trump tariffs
03/02/2025 11:26
** Shares of European semiconductor companies fall amid a
global selloff after U.S. President Donald Trump ordered
sweeping tariffs against Mexico, Canada and China
** Shares of chipmakers STMicroelectronics STMPA.PA and
Soitec SOIT.PA fall between 3.5% and 4.3%, while equipment
manufacturers ASML ASML.AS , ASMI ASMI.AS and BESI BESI.AS
slide between 2.8% and 3.4%
** German chip manufacturer Infineon IFXGn.DE and Swiss
sensor maker ams OSRAM AMS.S fall 3.7% and 5.5%, respectively,
with chip equipment suppliers Siltronic WAFGn.DE and Aixtron
AIXGn.DE sliding 2.7% and 3.5%
** "The European semis players are very exposed to
automotive and industrial end markets, with some exposure also
on personal electronics," Bernstein SG analyst Sara Russo says
** Vehicles and machinery are major U.S. imports from China,
Mexico and Canada, Russo says, adding that even if
semiconductors aren't imported directly, they likely impact
global trade in these segments
** Abed Jarad from mwb-research notes that in the long term,
European semiconductor companies might negotiate with suppliers,
absorb costs, invest in domestic production and diversify their
supply chain, especially for legacy products
(Reporting by Nathan Vifflin and Ozan Ergenay)
((nathan.vifflin@thomsonreuters.com
ozan.ergenay@thomsonreuters.com ; +48 58 769 67 13;))