Broadcom warning hits European chipmakers

FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake

LONDON (Reuters) – European semiconductor stocks fell on Friday after U.S. chipmaker Broadcom warned a U.S.-China trade conflict and export restrictions on Huawei were causing a broad slowdown in demand for chips.

Shares in ASML, STMicro, Siltronic, ASM International and AMS tumbled by 2.1% to 4.5% as the warning reignited fears chipmakers would not keep to their promises of a second-half recovery.

Reporting by Helen Reid, Editing by Josephine Mason

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