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Apple Inc.'s European suppliers nursed heavy losses in early Monday trading as tech stocks continued to extend declines amid a global sector sell-off sparked by Friday's pullback on Wall Street.
Apple's European suppliers nursed heavy losses on Monday.
Tech remains in focus after a violent sell-off late last week.
Imagination Technologies has started dispute resolution proceedings with Apple over issues relating to intellectual property.
Apple surprise fall in second quarter iPhone sales has hit European suppliers to the world's biggest tech company amid concerns for demand of its flagship product.
Apple already develops numerous chips for its own hardware. And recent reports about suppliers Dialog Semiconductor and Imagination Technologies suggest that Apple's ambitions continue to grow.
U.S. stock futures are slipping and European and Asian stocks trade mixed as the same geopolitical tensions felt by investors on Monday feed into further nervousness on Tuesday.
Apple supplier Dialog Semiconductor plunged more than 30% Tuesday amid concerns that the world's biggest technology company is looking to start its own chip business.
Apple's decision to drop Imagination Tech sent the chip designer's shares plummeting on Monday. Who else might be vulnerable?
Imagination Technologies share price tanked following Apple's announcement yesterday.
Markets were buoyant throughout much of the session but turned sharply lower after terror struck the subway system in St Petersburg
Apple says it wants to reduce its reliance on Imagination's chip designs.
Imagination Technologies shares lost nearly two thirds of their value after Apple, its biggest customer, said it will stop using the chip maker's intellectual property starting next year.
European stocks notched modest gains to open the second quarter of equity trading even as investors adopted a cautious stance ahead of an active week for economic and political events.
European suppliers, such as Imagination Technologies, rallied on Wednesday after Apple posted better-than-expected earnings.
A flood of Apple wanted ads for CPU and GPU designers suggests the company may be assembling a team to design in-house chips for its MacBooks.
SoftBank could spend heavily to make ARM's processor designs more competitive with Intel's. And it might also start to charge more for them.
As a bombed-out pound leaves British assets at a discount, who will be next in the post-Brexit M&A binge?
The London chip designer says it reorganized loan terms with HSBC as it swings to an $81 million loss.
In the first week with any semblance of "business as usual" on the data front, analysts will remain braced for monetary chiefs' commentary on Brexit.
Britain's statistic offices revises down the annual growth rate in its second take on first-quarter figures.
European stocks rise Wednesday after a predominantly negative day of trading in Asia as investors regain confidence after the shock of Tuesday's terrorist attacks in Brussels.
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