BUZZ-Europe's chip stocks rally on auto and industrial recovery, China chip expansion
European semiconductor stocks, including Soitec and Melexis, are rallying due to reports of Chinese chipmaker Cambricon's expansion plans and positive demand outlook in the automotive and industrial sectors. STMicroelectronics, ASM International, BE Semiconductor, ASML, Infineon, Siltronic, Aixtron, ams-Osram, and X-Fab also see gains, driven by recovery signals from U.S. analog chip peers.
European semiconductor stocks are rising led by Soitec (SOIT.PA) and Melexis (MLXS.BR) that gain around 4% and 6%, respectively
Traders cite reports that Chinese chipmaker Cambricon (688256.SS) plans to triple production capacity to replace Nvidia (NVDA.O) in China’s AI market, boosting demand outlook for chip equipment and materials
Brokerage Equita says increasingly upbeat commentary from U.S. analog chip peers signals demand recovery, particularly in automotive and industrial segments
STMicroelectronics (STMPA.PA) rises 3.3%, as Equita says automotive and industrial recovery should lead its revenue to grow 13% in 2026
From Dutch semiconductor equipment makers, ASM International (ASMI.AS) gains 3%, BE Semiconductor (BESI.AS) adds 2% and ASML (ASML.AS) rises 1%
Chipmakers Infineon (IFXGn.DE) , Siltronic (WAFGn.DE) and Aixtron (AIXGn.DE) rise between 1.5% and 2.5%; ams-Osram (AMS2.VI) gains 2.5% and X-Fab (XFAB.PA) 2%
