FILE PHOTO: A smartphone with a displayed ASML logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON : European technology stocks fell to their lowest level in over six months on Friday, amid a broad global equity sell-off and as investors dumped semiconductor stocks following disappointing earnings from Intel.
Shares in chipmaker Intel slumped 20 per cent premarket after the company suspended its dividend and said it would cut 15 per cent of its workforce as it grapples with a pullback in spending on traditional data center semiconductors and a focus on AI chips. Amazon shares are also down around 8 in premarket trading after reporting slowing online sales growth.
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