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TSMC's Robust Earnings Fuel European Chip Stock Surge
1 week ago /
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Author：小编
On July 17, European chip stocks experienced an uptick during morning trading, buoyed by TSMC's impressive earnings report which indicated sustained robust demand for semiconductors. TSMC's net profit for the second quarter soared by 61% year-on-year, surpassing market projections. The company further predicted that third-quarter revenue would range between $31.8 billion and $33 billion, marking an increase from the second quarter's $30.07 billion. This positive outlook rippled through the industry, with ASML's share price rising by 2.5%, ASM Pacific and BESI Semiconductors witnessing gains of 3.3% and 3.5% respectively, STMicroelectronics up 3.4%, and Germany's Infineon Technologies registering a 1.4% increase.
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