The lower the AI exposure, the bigger the problem for Europe's chip firms By Olivier Sorgho and Nathan Vifflin July 25 (Reuters) - Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction. Chip component suppliers like ASML ASML.AS and ASM International ASMI.AS are more exposed to the booming AI chip market and demand from high-end tech clients

BUZZ-STMicro tumbles on worse than expected guidance cut ** Shares in STMicroelectronics STMPA.PA (STM) drop around 10% to their lowest since December 2022 after the chipmaker cut its full-year 2024 outlook for the second time ** If losses hold, shares will see their worst day in over three years ** Stifel says in a note it believed the cut was exp

EXCLUSIVE-Europe seeks industry views on China's older generation chips Updates with EU response in paragraphs 3-4 By Toby Sterling and Nick Carey AMSTERDAM/LONDON, July 5 (Reuters) - The European Commission has begun canvassing the region's semiconductor industry for its views on China's expanded production of older generation computer chips, two sources familiar with the matter told Reuters.

European Commission gathering info from industry on legacy chips, spokesperson says AMSTERDAM, July 5 (Reuters) - The European Commission has begun gathering information from industry on its use of "legacy", or slightly older generations of computer chips, in supply chains, a spokesperson said on Friday. In emailed remarks, a spokesperson said the European Union and United States might develop "cooperative measures to address dependencies or distortionary effects." The remarks follow a Reuters r

EXCLUSIVE-Europe seeks industry views on China's older generation chips By Toby Sterling and Nick Carey AMSTERDAM/LONDON, July 5 (Reuters) - The European Commission has begun canvassing the region's semiconductor industry for its views on China's expanded production of older generation computer chips, two sources familiar with the matter told Reuters.