European- and Asian-listed microchip stocks slumped Wednesday after Bloomberg News reported that Apple won’t boost supplies of the latest iPhone after lower-than-expected demand. STMicroelectronics slumped 5% in Paris, ASM International fell 4% in Amsterdam, Infineon Technologies dropped 3% in Frankfurt and Taiwan Semiconductor closed 2% lower in Taipei.
-Steve Goldstein
(END) Dow Jones Newswires
09-28-22 0434ET
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