Skip to main content
Best News Website or Mobile Service
 
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
 
Digital Media Awards Worldwide
Hamburger Menu

Advertisement

Advertisement

Business

Semiconductor shares jump after EU introduces single charging port

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 : 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 per cent and 7.3 per cent 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.

Source: Reuters
Categories

Advertisement

Also worth reading

Advertisement