Semiconductor shares jump after EU introduces single charging port
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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)
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