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VACN - VAT AG News Story

CHF248 -8.0  -3.1%

Last Trade - 2:26pm

Large Cap
Market Cap £6.03bn
Enterprise Value £6.14bn
Revenue £544.2m
Position in Universe 157th / 1051

BUZZ-European tech: Upbeat Samsung outlook drives over 19-yr high

Fri 8th January, 2021 9:25am
** Shares in European technology and semiconductor firms
rise after Samsung Electronics's  005930.KS  upbeat chip
outlook, driving European tech index  .SX8P  to over 19-year
    ** Samsung Electronics said coronavirus pandemic driven
remote working and TV-watching fuelled sales of chips and
display panels*:nL1N2JI3FI
    ** Traders also point to a read-across from Micron
Technology Inc  MU.O , which forecasted on Thursday
second-quarter revenue above estimates on rising chip
    ** Shares in Infineon  IFXGn.DE  rise 6%, VAT Group  VACN.S 
4%, ASML Holding  ASML.AS  3.1%, ASM International  ASMI.AS 
2.3%, STMicroelectronics  STM.PA  4.1%, BE Semiconductor
Industries  BESI.AS  4.2%, AMS  AMS.VI  2.8% and Soltec SA
 SOIT.PA  3.8%
    ** European tech index is up 2.63%

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