Overseas chip stocks fall after report on Apple iPhone production
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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Overseas chip stocks fall after report on Apple iPhone production
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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.