European Chip Stocks Climb After Samsung, OpenAI Deal -- Market Talk
Dow Jones
Oct 02
0825 GMT - Shares of European companies that supply chip-making tools are on the rise after Samsung Electronics struck an initial agreement with OpenAI to establish AI infrastructure under the Stargate project. The partnership raises hopes among investors that Samsung will need to purchase more chip-making tools. Shares of ASML Holding--which sells equipment to Samsung--are up 4.2% in Amsterdam. Shares of ASML's smaller rival, ASM International, are up 5.8%. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, rise 6.3%. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
October 02, 2025 04:25 ET (08:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.