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IFX - Infineon Technologies AG News Story

€32.5 1.1  3.6%

Last Trade - 07/05/21

Sector
Technology
Size
Large Cap
Market Cap £36.82bn
Enterprise Value £40.06bn
Revenue £8.70bn
Position in Universe 35th / 1050

BUZZ-Chipmakers up on positive read-across from TSMC' investment plans

Thu 1st April, 2021 9:12am
** European semiconductor shares rise in early trading,
supported by a positive read-across from TSMC'  2330.TW  new
investment budget and Micron Technology encouraging results
    ** TSMC said on Thursday it plans to invest $100 billion
over the next three years to increase capacity at its plants
 urn:newsml:reuters.com:*:nL1N2LU05X
    ** Micron Technology Inc  MU.O  on Wednesday issued an
upbeat revenue forecast due to a rise in demand for memory chips
thanks to 5G smartphones and artificial intelligence software
 urn:newsml:reuters.com:*:nL4N2LT4QN
    ** Shares in Dutch semiconductor firms ASM Int'l  ASMI.AS ,
ASML Holding  ASML.AS  and BE Semiconductor  BESI.AS  jump as
much as 5.4%, 3.2% and 3.7% respectively while European
STMicroelectronics  STM.BN , Infineon  IFXGn.DE  and AMS  AMS.S 
rise as much as 1.8%, 2% and 3.3%
    ** ING analyst says this and previous TSMC' guidance
"provide incremental comfort" for the Benelux equipment makers
in the coming years

 ((anait.miridzhanian@thomsonreuters.com))
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