European tech stocks rise after tariffs exemption

Logitech International SA

14/04/2025 08:13

** Shares in European tech companies rise after U.S. President Donald Trump exempted smartphones and computers from his "reciprocal" tariffs

** A broader index of Europe's tech firms .SX8P is up 2% shortly after the bell, with ASML ASML.AS and STMicroelectronics STMPA.PA up between 3% and 5%

** Chipmaker Infineon IFXGn.DE and computer parts maker Logitech LOGN.S rise 3% and 5% respectively

   ** However, Trump said on Sunday that tariffs on semiconductors would be announced over the next week and a decision on phones would be made "soon"

** .SX8P has fallen 9% so far this year

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))