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Analysis: For European chip stocks, business cycle returns with a vengeance

Reuters  |  FRANKFURT 

By Douglas BusvineFRANKFURT (Reuters) - Investors who bet on European semiconductor stocks to profit from innovations being packed into smartphones and advanced vehicles are facing the grim reality that both industries are hitting a rough patch at the same time.Escalating trade frictions between the United States and China have contributed to a sharp slowdown in the car business, with some manufacturers now scrambling to cut costs. Meanwhile, the smartphone market is cooling after years of headlong growth, as even Apple grapples with weak iPhone sales and an unpredictable outlook."We are ...

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First Published: Wed, December 05 2018. 18:32 IST