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ENTG - Entegris Inc News Story

$105.99 -3.5  -3.2%

Last Trade - 5:55pm

Sector
Technology
Size
Large Cap
Market Cap £10.52bn
Enterprise Value £10.90bn
Revenue £1.39bn
Position in Universe 740th / 6846

BUZZ-Semiconductor index sees best week since Nov on hopes for govt action

Fri 12th February, 2021 7:40pm
** Philadelphia SE Semiconductor index  .SOX  set for weekly
gain of over 7%, best week since Nov's U.S. Presidential
election 
    ** Index up 0.7% on the day; jumped over 3% on Thursday
after White House said Biden administration is working to
address growing shortage of semiconductor chips that has slowed
global auto production  urn:newsml:reuters.com:*:nL1N2KH29L
    ** Chip equipment and testing cos Teradyne Inc  TER.O  and
Entegris Inc  ENTG.O  top gainers on the index, up ~5% and ~3%
respectively
    ** Surging demand for electronics squeezes global supply of
semiconductors, prompting requests for federal aid from industry
executives  urn:newsml:reuters.com:*:nL1N2KH06Z  urn:newsml:reuters.com:*:nL1N2KH1RN 
    ** Biden administration is "currently identifying potential
chokepoints in the supply chain and actively working alongside
key stakeholders in industry and with our trading partners to do
more now." - White House press secretary 
    ** Meanwhile, Nvidia Corp  NVDA.O  falls ~2% to bottom of
SOX index after report that cos including Alphabet  GOOGL.O ,
Qualcomm  QCOM.O  and Microsoft  MSFT.O  are protesting its
aquisition of Arm Ltd to regulators;  QCOM.O  up  1.3%
 urn:newsml:reuters.com:*:nL4N2KI2XN
    ** Including today's moves,  .SOX  has risen 14.5% YTD,
outpacing the S&P 500's  .SPX  YTD gain of 4.2%

 (Reporting by Lisa Mattackal in Bengaluru)
 ((LisaPauline.Mattackal@thomsonreuters.com; +919945309224;
Reuters Messaging: lisapauline.mattackal@thomsonreuters.com
@reuters.net))
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