European chip stocks fall as Trump's tariffs take effect, signs of more to come

ReutersApr 9, 2025 7:42 AM

Shares in European semiconductor and tech stocks fall after U.S. President Donald Trump's tariffs took effect, including 104% levies on China

Trump also said the U.S. would soon announce a "major" tariff on pharmaceutical imports, which was one of the exempted sectors with semiconductors

STOXX Europe Technology index .SX8P is down 2.7%, among the worst performers on the wider STOXX 600 .STOXX which falls 1.5%

BESI BESI.AS, STMicroelectronics STMPA.PA and ams Osram AMS.S are down 4.6%, 4.8% and 5.7%, respectively

ASML ASML.AS and ASMI ASMI.AS slide between 3.2% and 3.7%, while Aixtron AIXGn.DE, Infineon IFXGn.DE and Siltronic WAFGn.DE fall 3% to 4.6%

Soitec SOIT.PA and Nordic Semiconductor NOD.OL fall around 4%

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