European Chip Stocks Slump After Asian Tech Rout

Dow Jones07-17 16:12

0811 GMT - Shares of European semiconductor companies are sharply lower following another selloff in tech stocks in Asia. Bouts of volatility have plagued chip stocks in recent weeks as some investors worry that valuations and AI spending might be too high. Shares of Taiwan Semiconductor Manufacturing Co. closed 7.3% lower, while chip-making equipment manufacturer Tokyo Electron shed 8.2%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 4.1% and 5.1%, respectively. German chip maker Infineon Technologies is down 5%. STMicroelectronics shares are down 6.4%. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 04:12 ET (08:12 GMT)

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