The STOXX Europe 600 technology index was last down 3.6% to its lowest since January. The broader STOXX 600 index index was down 1.3%.
Shares in chipmaker Intel slumped 20% premarket after the company suspended its dividend and said it would cut 15% of its workforce as it grapples with a pullback in spending on traditional data center semiconductors and a focus on AI chips.
That helped push European peers lower, with ASM International, BE Semiconductor and ASML all shedding between 6.6% and 9.2%.
Amazon shares are also down around 8 in premarket trading after reporting slowing online sales growth. Global equity markets tumbled around the globe, with the S&P 500 ending Thursday’s session down 1.4%. [.N] Tech stocks tumbled in Asia earlier in the day, contributing to a 5.8% fall in Japan’s Nikkei, and a 3.65% drop in Korea’s KOSPI benchmark.[.T] [.KS]
Swedish Northmill Bank has appointed Julie Chatterjee as its new CEO. She was previously Deputy CEO and Chief Commercial Officer of Multitude Bank and was pa
European Commissioner Thierry Breton, who pursued Elon Musk over content regulation on social media site platform X, has resigned from his role, accusin
(Bloomberg) -- Thierry Breton, the European Union’s influential internal market chief, resigned Monday from the bloc’s executive arm, saying that France was
Last week, we tracked more than 95 tech funding deals worth over €1 billion, and over 10 exits, M&A transactions, rumours, and related news stories acro