1409 GMT - Shares of European semiconductor companies log solid gains on hopes that President Trump's visit to China could bring opportunities for the industry. Trump is meeting Chinese leader Xi Jinping in a two-day summit attended by CEOs like Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk. Trump wrote in a Truth Social post that he would ask China to "open up" so that "these brilliant people can work their magic." Shares of STMicroelectronics--which supplies Apple, Tesla and SpaceX--are up 9%. Shares of German chip maker Infineon Technologies are up 8.1%. Shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 3.1% and 2.9%, respectively. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 10:09 ET (14:09 GMT)
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