European chipmakers rise after Micron's upbeat earnings

STMicroelectronics NV

Thu 08:13

** Shares in European semiconductor companies rise after memory chip firm Micron Technology MU.O delivered Q3 beat and forecast Q4 earnings well above market expectations
** "Micron's extremely strong earnings visibility is a new catalyst for the international AI trade after some profit-taking last days into the numbers," a local trader says
** STOXX Europe Technology index .SX8P rises 1.7%, among the best performers on the wider STOXX 600 .STOXX index
** Among single stocks, ASML ASML.AS, ASMI ASMI.AS, BESI BESI.AS and STMicroelectronics STMPA.PA are up between 3.3% and 4%
** Siltronic WAFGn.DE, At & S Technologie ATSV.VI and Infineon IFXGn.DE rise between 2.6% and 5%
** X-FAB XFAB.PA, Technoprobe TPRO.MI and Soitec SOIT.PA are up 2.3%, 5% and 5.5%, respectively

(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))