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XFAB X-Fab Silicon Foundries Europese Vennootschap News Story

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X-FAB soars 76% after viral X post pitches chipmaker’s growth exposure

BUZZ-X-FAB soars 76% after viral X post pitches chipmaker’s growth exposure

** X-FAB XFAB.PA up as much as 76% to a record high after a widely circulated post on social media platform X pitches the European chipmaker as an undervalued stock exposed to high-growth areas

** The post from the handle Sereniti highlights X-FAB as strongly positioned in future growth markets such as silicon carbide (SiC) and photonics businesses

** It points to its potential indirect ties to Nvidia through partners and evaluation-stage work in silicon photonics, adding X-FAB could benefit from further subsidies under a new round of the European Chips Act

** The stock is up more than 151% year-to-date


(Reporting by Ozan Ergenay and Jakob Van Calster)

((ozan.ergenay@thomsonreuters.com))

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