ASML Shares Lead Losses Across European Semiconductor Stocks -- Market Talk

Dow Jones

01-23

1005 GMT - Shares of Dutch semiconductor-equipment maker ASML Holding are leading losses across chip stocks in Europe after South Korea's SK Hynix warned that demand for chips in consumer products like computers and smartphones remained weak. SK Hynix Chief Financial Officer Kim Woohyun said in an earnings call that the demand outlook for memory chips this year was clouded by inventory adjustments from PC and smartphone makers as well as protective trade policies and geopolitical risks. ASML shares are trading 3.8% lower at 719.70 euros. Smaller rival ASM International trades 2.7% lower, while BE Semiconductor Industries shares are 3% lower. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 05:07 ET (10:07 GMT)

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