Apple suppliers fall on report of co's dropped production boost plan

Cirrus Logic

28/09/2022 12:26

** Shares of semiconductor companies, which supply to Apple
Inc  AAPL.O , fall premarket after a Bloomberg News report that
said co is dropping plans to increase production of its new
iPhones this year as demand falters
    ** Apple shares fall 3.2% premarket
    ** U.S.-listed shares of Taiwan Semiconductor Manufacturing
Co  2330.TW , a key supplier of Apple's custom chips, fall 2.4% 
    ** Shares of chipmakers including Broadcom  AVGO.O , Analog
Devices  ADI.O , Qualcomm  QCOM.O , Microchip Technology
 MCHP.O , Onsemi  ON.O , and Texas Instruments  TXN.O  down
between 0.4% and 2% premarket
    ** Shares of Cirrus Logic  CRUS.O  down 4.6%, while those of
memory chip cos Micron Technology  MU.O  and Western Digital
 WDC.O  down 0.9% and 2.2% respectively
    ** Shares of Skyworks Solutions  SWKS.O , Qorvo  QRVO.O ,
and Lumentum Holdings  LITE.O  down between 0.5% and 2.1% 
    ** Shares of Advanced Micro Devices  AMD.O  down 1.1%
    ** U.S.-listed shares of European semiconductor suppliers
STMicroelectronics  STM.BN  and NXP Semiconductors NV  NXPI.O 
fall 5.1% and 0.5% respectively, tracking the fall of chip
makers on European bourses after the report
 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))