European Chip Stocks Gain on Foxconn Results, Trump's China Visit -- Market Talk

Dow Jones05-14

0830 GMT - Shares of European semiconductor companies edge higher after Foxconn reported robust first-quarter revenue and profit and as President Trump brings a delegation of tech CEOs on his trip to China. Foxconn, which generates a significant share of revenue making AI servers for companies like Nvidia, reported 19% growth in net profit to 49.92 billion New Taiwan dollars and 29% growth in revenue to 2.120 trillion New Taiwan dollars. Meanwhile, Trump is meeting Chinese leader Xi Jinping in a summit attended by Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk. Shares of STMicroelectronics--which supplies Apple, Tesla and SpaceX--are up 2.4%. Shares of German chip maker Infineon Technologies are up 2.9%. Shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 1% and 1.4%, respectively. (mauro.orru@wsj.com)

 

(END) Dow Jones Newswires

May 14, 2026 04:30 ET (08:30 GMT)

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