European tech stocks rise after tariffs exemption

Logitech International SA

14/04/2025 08:51

Adds analysts' quotes, updates share moves

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

** "While waiting for clarification on the timing, levels and scope of the new measures, we believe that the removal of the worst case scenario (e.g. blocking supplies as a result of 100%+ tariffs from China) is an element of support (at least temporary) for the sector," Equita analysts say in a note

** A broader index of Europe's tech firms .SX8P is up 2% at 0744 GMT, with chipmaker Infineon IFXGn.DE and computer parts maker Logitech LOGN.S leading gains, up 3% and 6% respectively

** Computer chip equipment maker ASM International ASMI.AS gains 2%

   ** 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 and Alberto Chiumento)

 ((Paolo.laudani@thomsonreuters.com; Alberto.Chiumento@thomsonreuters.com))