Semiconductor shares jump after EU introduces single charging port


FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner/File Photo

LONDON (Reuters) - Shares in European semiconductor manufacturers rose on Tuesday after the European Parliament approved rules to introduce a single charging port for mobile phones, tablets and cameras to be in use across the bloc by 2024.

Shares in ASM International, Infineon, STMicroelectronics and BESI rose between 4.7% and 7.3% after the announcement.

The vote confirms an earlier agreement among EU institutions and will make USB-C connectors used by Android-based devices the EU standard, forcing Apple to change its charging port for iPhones and other devices.

STMicro and Infineon are two of Apple's suppliers.

(Reporting by Joice Alves; Editing by Amanda Cooper)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Japanese AI tool predicts when recruits will quit jobs
US ‘swatting’ pranks stoke alarm in election year
Tech neck is a pain in more than just the neck
Shopper put phone under woman’s skirt, US cops say. Then police checked store video
Crypto fans count down to bitcoin's 'halving'
Fakebook? Meta blamed as online shopping fraud doubles in Singapore
Japan doctors sue Google Maps over ‘punching bag’ reviews
US Congress to take on TikTok ban bill – again
Cisco’s plan for keeping AI systems safe from attack: Using AI
Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users

Others Also Read