Semiconductor companies enjoy Intel better-than-expected report


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.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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