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IFX - Infineon Technologies AG News Story

€31.62 1.0  3.3%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 37th / 1053

BUZZ-European chip makers: Seen down after Broadcom warns of slowdown

Fri 14th June, 2019 8:02am
** European semiconductors stocks are seen down after
Broadcom's  AVGO.O  warning about a global slowdown in chip
demand
    ** The California-based chipmaker blames the trade conflict
between United States and China and export restrictions on
Huawei Technologies Co Ltd  HWT.UL  for the slowdown
    ** The company cuts its revenue forecast for the year
 urn:newsml:reuters.com:*:nL4N23K49T
    ** "Near term, US/China trade issues are causing Huawei
suppliers to miss, and other parts of the supply chain to lower
inventories", Jefferies says
    ** Broadcom's remarks expected to drag shares in European
peers: AMS  AMS.S  is seen falling 2%, Dialog  DLGS.DE  2.5%,
Infineon  IFXGn.DE  1.4% and Siltronic  WAFGn.DE  1%

 ((Linda.pasquini@tr.com))
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