Huawei CFO arrest sends global chip stocks plunging; AMS slides 7% [CNBC]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: CNBC
Huawei CFO arrest sends global chip stocks plunging; AMS slides 7% Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions . Shares of Austrian chipmaker AMS plunged around 7 percent. Switzerland-based STMicroelectronics dropped 4 percent, while the U.K.- headquartered Dialog Semiconductor slumped around 3 percent. The moves in European stocks followed losses in Asia, where shares of Japanese chipmakers Sumco , Tokyo Electron and Advantest each fell around 5 percent. Canadian authorities arrested Huawei CFO Meng Wanzhou in Vancouver on Wednesday, where she is facing extradition to the U.S. according to Canada's Department of Justice. The arrest is reportedly related to Huawei's violation of U.S. sanctions on Iran. Analysts said uncertainty from Huawei and the broader U.S.-China trade relationship weighed on sentiment in the chip sector. Huawei is the world's second biggest smartpho
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STM
Earnings
- 1/25/24 - Beat
STM
Sec Filings
- 4/15/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/8/24 - Form 6-K
- STM's page on the SEC website