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IFX - Infineon Technologies AG News Story

€30.96 -0.6  -1.9%

Last Trade - 8:25am

Sector
Technology
Size
Large Cap
Market Cap £35.27bn
Enterprise Value £38.47bn
Revenue £8.59bn
Position in Universe 36th / 1051

BUZZ-European chipmakers: Rise after Apple's blowout earnings

Fri 31st July, 2020 9:48am
** European chipmakers rise 2-5%% after Apple  AAPL.O 
reported a strong quarter which topped expectations
    ** The iPhone and iPad maker delivered blowout quarterly
results amid the COVID-19 pandemic  urn:newsml:reuters.com:*:nL2N2F12LV
    ** Shares in Dialog Semiconductor  DLGS.DE , Infineon
 IFXGn.DE , STMicro  STM.PA , AMS  AMS.S  and ASM International
 ASMI.AS  rise 2% to 5% on positive read-across from Apple's
update
    ** Apple product momentum bodes well for STM, AMS and
Dialog, Credit Suisse says
    ** The brokerage estimates Apple to account for 20% of STM
sales in 2020, around 45% of AMS sales and 50-55% of Dialog's 

 ((anna.pruchnicka@tr.com))
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