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Major Semiconductor Stocks Stayed Red in Morning Trading; Qualcomm Slipped Over 6% While ASML Slid Nearly 5%

Tiger Newspress2023-09-07

Major semiconductor stocks stayed red in morning trading; Qualcomm slipped over 6% while ASML Holding NV slid nearly 5%.

Apple is reportedly expected to use its own 5G modem chip on iPhone models starting in 2025. According to details shared by TF Securities analyst Ming-Chi Kuo, who has a fairly good track record of predicting Apple hardware development, the company could reduce its reliance on other companies for components, including Qualcomm.

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