After the ceasefire in Iran, European semiconductor stocks jumped.

After US President Trump agreed to a ceasefire with Iran, the stock prices of European semiconductor companies surged. The strait is a key waterway for transporting the helium gas needed to manufacture artificial intelligence chips and has been mostly closed in recent weeks. The stock prices of Dutch semiconductor equipment manufacturer ASML and its smaller competitor ASM International rose by 6.6% and 7.2% respectively. The stock price of Dutch semiconductor assembly equipment supplier BE Semiconductor Industries rose by 6.3%. The stock price of German chip manufacturer Infineon Technologies rose by 9.6%. STMicroelectronics, which supplies Apple, Samsung Electronics, and Tesla, saw its stock price rise by 5.2%.