Semiconductor companies enjoy Intel better-than-expected report

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The European chip sector may move on Friday after the better-than-expected results of the American chip company Intel. The company benefited from the increasing demand for chips for data centers last quarter. Partly as a result, the chip maker turned its strongest year ever in terms of turnover.

Intel also set ambitious plans for 2020. Investors were pleased with the results. In the so-called after-trading in New York, the share price rose sharply.

In Europe, Infineon, STMicroelectronics, AMS, and Dialog Semiconductor may show price reactions. Shares from chip maker ASML and suppliers ASMI and Besi may also be in the spotlight.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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