Infineon rises after ASML, Samsung, STMicro issues positive update

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Semiconductors can be found on circuit boards.

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European semiconductor stocks rose on Friday after the two largest companies in the industry — Samsung Electronics When STMicroelectronics — Issued a positive update for the fourth quarter.

German chip maker Infineon, Dutch semiconductor machine maker ASML, And Austrian sensor manufacturers Ams AG In the morning trading on the European stock market, everyone’s stock price rose by more than 2%.

Meanwhile, STMicro’s share price has risen by more than 4% after announcing higher-than-expected fourth-quarter sales on Friday.

French and Italian chip makers have announced that interim revenue for the fourth quarter will exceed $ 3.5 billion. This is above the company’s forecast of $ 3.4 billion.

STMicro’s full-year sales were $ 12.76 billion, up 24.9% from last year.

Elsewhere, Samsung estimated on Friday that operating profit in the fourth quarter increased by 52% as a result of strong demand for memory chips and increased orders for contract chip manufacturing services.

If the forecasts are accurate, the last quarter will be the best final quarter since 2017 for South Korean tech giants.

The world’s largest smartphone and memory chip maker said it expects to record a profit of about $ 11.5 billion in the final quarter ending in December. We plan to release a full set number later this month.

The coronavirus pandemic has boosted demand for chips over the past two years. Global chip shortage.. As a result, delivery times for various products such as cars and the new PlayStation 5 have been extended.

As a result, the market share of some semiconductor companies increased significantly during the chip shortage.

for example, ASML, Selling very complex “lithography” chip making machines to Samsung and others. Intel When TSMCI’ve seen that Amsterdam Stock Exchange Stock Price It increased by 66% compared to last year.

Infineon rises after ASML, Samsung, STMicro issues positive update

Source link Infineon rises after ASML, Samsung, STMicro issues positive update

The post Infineon rises after ASML, Samsung, STMicro issues positive update appeared first on Eminetra.

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