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Stock impact report

CEOs of European chip makers concerned about nationalist industrial policies [Yahoo! Finance]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Yahoo! Finance
and European governments that each region have its own semiconductor production are a worsening obstacle to business. In a rare joint appearance following the election of Donald Trump to the U.S. presidency for a second term, the CEOs of Infineon of Germany, French-Italian firm STMicroelectronics and NXP of the Netherlands said their businesses have been suffering from uncertainty and the trend toward nationalist industrial policies seen over the past decade. "The danger is that we will accelerate in this fragmentation," said Infineon CEO Jochen Hanebeck at the electronics conference in Munich. "Fragmentation is happening on the supply side, and potentially with tariffs, which are written on the wall, it will get worse", he said. All three firms are major suppliers of chips used for cars, electrical power controls, and industry. All are currently doing strong business in China due to the booming electric vehicle market there. Other chip markets around the world are weak, excepting for Show less Read more
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