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Trending Industry Today: Intel Leads Losses In Featured Semiconductor Stocks
Express News | Shares of Semiconductor Stocks Are Trading Lower in Sympathy With Intel, Which Reported Worse-than-expected Q2 Financial Results
Chip Stocks Suffer Amid Recession Fears, High Valuations Aren't the Only Headache
Global Chip Stocks Sink; Intel Tumbles Premarket -- WSJ
Trending Stocks Today | VSee Health Surges 115.22% Pre-Market
European chip stocks fell, following the global decline of technology stocks, due to Intel's plans to cut capital expenditures. The weak performance guidance of Microchip Technology also hit chip makers. Among chip equipment stocks, ASML Holding fell 6.3%
European semiconductor sector saw heavy losses on Friday, following the sharp decline of global technology stocks. Intel's plan to reduce capital expenditures put pressure on chip equipment companies, while Microchip Technology's weak performance guidance hit chip manufacturers. Among chip equipment stocks, ASML Holding dropped 6.3%, ASM International fell 9.5%, BE Semiconductor dropped 6.8%, and VAT Group fell 8.2%. Among chip manufacturers, Infineon Technologies fell 3.6%, STMicroelectronics fell 3.6%, Silicon Motion Technology fell 1.7%, and Nordic Semiconductor fell 6.0%. NASDAQ 100 index futures fell 1.8%, after the index fell 2.4% on Thursday.
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