FILE PHOTO: Dialog semiconductor logo is pictured at a flag in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle/File Photo
June 1, 2018
FRANKFURT (Reuters) – Shares in Dialog Semiconductor fell by 15 percent on Friday after the Anglo-German chipmaker said Apple would cut orders for its power-management chips by around 30 percent this year.
The news also hit other European semiconductor stocks in Apple’s smartphone supply chain.
Austria’s Ams AG shed 2.7 percent while STMicroelectronics fell by around 1 percent in Paris, making the stock the worst performer on France’s benchmark CAC-40 index.
(Reporting by Douglas Busvine; Editing by Caroline Copley)
