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IFX — Infineon Technologies AG News Story

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German, Austrian chip stocks gain after Micron's upbeat forecast, revenue beat

BUZZ-German, Austrian chip stocks gain after Micron's upbeat forecast, revenue beat

** Shares in German and Austrian semiconductor companies rise in pre-market trading after memory-chip maker Micron Technology MU.O forecast Q1 revenue above estimates and posted a Q4 revenue beat

** A local trader says Micron gave a bullish AI-memory demand outlook, describing the Q4 results as "strong"

** "Sentiment positive for AI-related power and tech names," the trader adds

** Suss MicroTec SMHNn.DE and AT & S ATSV.VI are up 2.5% and 3%, respectively

** Siltronic WAFGn.DE, Aixtron AIXGn.DE and Infineon IFXGn.DE rise between 1.5% and 2%

** Aixtron and Infineon both seen at the top of their respective indices: Germany's mid-cap MDAXI and blue-chip .GDAXI


(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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