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IFX - Infineon Technologies AG News Story

€31.54 -0.1  -0.3%

Last Trade - 9:45am

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1053

BUZZ-European chipmakers: Texas Instruments revenue woes weigh

Wed 23rd October, 2019 8:46am
** Shares in European chipmakers fall after U.S.-competitor
Texas Instruments  TXN.O  forecasts lower-than-expected revenue
for the current quarter 
    ** Shares in Germany's Infineon  IFXGn.DE , Dialog  DLGS.DE 
and Siltronic  WAFGn.DE  down 1-3%, while Austrian sensor
specialist AMS  AMS.VI  shares are down 2.9%
    ** Milan-listed shares in STMicroelectronics  STM.MI , which
is expecting a board meeting on Q3 results today, are down 2.5%
    ** Chip equipment makers  ASML.AS  and Aixtron  AIXGn.DE 
also down 1.9% and 4% respectively, Swiss vacuum valve maker VAT
Group  VACN.S  down 1.6%
    ** U.S.-competitor Texas Instruments  TXN.O  guided
current-quarter revenue well below estimates on Tuesday, as a
downturn in demand and trade tensions weigh on the global
microchip industry  urn:newsml:reuters.com:*:nL3N2773LI

 ((Linda.pasquini@tr.com))
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