European Chip Stocks Rebound After Thursday Selloff

Dow Jones
07/03

0842 GMT - Shares of European semiconductor companies are following their Asian peers in green territory, a day after investors shunned stocks linked to artificial intelligence. Chip stocks began their slide Wednesday after Federal Reserve Chairman Kevin Warsh said that anyone expecting the Fed would tolerate inflation running above its 2% goal "would be disappointed." The selloff extended into Thursday. On Friday, South Korean memory-chip maker SK Hynix closed nearly 11% higher, with Samsung Electronics up 8.2%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are both up 2.1%. German chip maker Infineon Technologies is up 0.9%. STMicroelectronics shares are up 0.6%. (mauro.orru@wsj.com)

 

(END) Dow Jones Newswires

July 03, 2026 04:42 ET (08:42 GMT)

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