European semis fall as rising energy prices spur demand fears

STMicroelectronics NV

09/03/2026 08:17

** European chip stocks fall as fears mount that energy-driven inflation will squeeze consumer and corporate spending on electronics

** Shares of computer chip equipment makers ASML ASML.AS, ASM International ASMI.AS, BESI BESI.AS, and chipmakers Infineon IFXGn.DE, STMicroelectronics STMPA.PA fall 3%-6%

** The pan-European STOXX tech subindex .SX8P is down 3.2%, heading for its worst day in about a month

** "The spike in energy prices could ignite fears about an economic downturn, which would affect demand for electronic products", says Degroof Petercam analyst Michael Roeg

** This adds to already high memory prices, which already affect demand for mainstream electronics like smartphones, tablets and PCs, the analyst adds

** ASML heads for its largest single-day fall since November 2025 if losses hold

** The stocks track similar losses of their Asian peers

(Reporting by Nathan Vifflin in Gdansk)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))