European semiconductors fall after TSMC's $100 billion US plan, Trump's new tariffs

Shares of European computer manufacturing equipment makers fall after Taiwan's TSMC 2330.TW announced a $100 billion investment plan to build five additional chip facilities in the U.S.

Shares of ASML ASML.AS, ASM International ASMI.AS, BE Semiconductor Industries BESI.AS, Siltronic WAFGn.DE and Soitec SOIT.PA fall 2% to 3% by 0829 GMT

"TSMC deal, we believe only has modest impact on Wafer Fab Equipment spend," says Sara Russo, analyst at Bernstein

There is likely some shift in Taiwan spend to the U.S., she added, "That's likely why muted reaction"

Semiconductor manufacturers also fall as fresh U.S. tariffs launched a trade war, with STMicroelectronics STMPA.PA, Infineon IFXGn.DE and ams OSRAM AMS2.VI down between 2% and 3%

"Tariffs are never great for Integrated Device Manufacturers," Russo says

Manufacturers are the most exposed to tariffs in the sector, being significantly reliant on automotive production