0916 GMT - Shares of European semiconductor companies rise after Friday's U.S. tech-rally, driven by a potential Oracle-TikTok deal. Oracle might host TikTok's U.S. user data under a new U.S.-China arrangement that allows the app to continue operating in the U.S. "The deal is yet to be approved," Swissquote's Ipek Ozkardeskaya writes in a note. If completed, Oracle would store and secure the data on its cloud infrastructure and oversee cybersecurity and algorithm-safety measures, she says. Ultimately, the deal gives Oracle a strategic foothold in a high-growth digital platform, strengthening its growth narrative, she adds. Shares of ASM International are up 0.5%. German chip maker Infineon Technologies trades 2.4% higher and STMicroelectronics, which supplies Apple and Tesla, is up 0.3%. Meanwhile, BE Semiconductor Industries shares are trading 0.9% higher. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
December 22, 2025 04:16 ET (09:16 GMT)
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