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.
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The STOXX Europe 600 technology index was last down 3.6% to its lowest since January. The broader STOXX 600 index was down 1.3%.

Shares in chipmaker Intel slumped 20% premarket after the company suspended its dividend and said it would cut 15% of its workforce as it grapples with a pullback in spending on traditional data center semiconductors and a focus on AI chips. 

 jdbd 

 The STOXX Europe 600 technology index, which tracks the performance of European technology stocks, fell by 3.6% to its lowest level since January . The broader STOXX 600 index also experienced a decline of 1.3%. Chipmaker Intel's shares slumped by 20% in premarket trading after the company announced the suspension of its dividend and plans to cut 15% of its workforce.