ASM International Has Shown Resilience in 3Q -- Market Talk

Dow Jones10-30 17:07

0907 GMT - ASM International raised its guidance after posting orders above market expectations in the third quarter in a show of resilience, Stifel analysts write in a research note. "We are pleasantly surprised by the figures," they say. The analysts view this as confirmation of solid demand for AI-related products and gate-all-around technology. The industry is shifting from classical transistors to GAA versions that provide better electrical signals and improved chip performance. ASM International shares trade 4.5% higher at 539.40 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

October 30, 2024 05:07 ET (09:07 GMT)

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