BUZZ-European semiconductor stocks rise after ASML maintains outlook for 5 years

reuters11-14
BUZZ-European semiconductor stocks rise after ASML maintains outlook for 5 years

** Shares in European semiconductor companies rise after computer chip equipment maker ASML ASML.AS maintained guidance for the coming five years on the AI demand boom

** STOXX tech index .SX8P rises 2% to over two-week high, leading sectoral gains on the wider STOXX 600 .STOXX index, which is up 0.6%

** ING FM analyst Marc Hesselink says that ASML provided some reassuring news, which is pulling up the other semi names in Europe

** "ASML's perspective is a great indicator for the sector development," analyst Maissa Keskes at ODDO BHF says

** "Since they maintained their targets, meaning that increasing chip demand is expected which will drive their equipment orders," she says, citing that it is a positive sign for the whole sector

** German chip manufacturer Infineon IFXGn.DE and Franco-Italian chipmaker STMicroelectronics STMPA.PA rise 2% and 2.5%

** Chipmaking equipment maker ASM International ASMI.AS, BE Semiconductor BESI.AS and ASML ASML.AS shares are up between 2% and 5.5%

** Nordic Semiconductor NOD.OL is up 3.1%, while ams OSRAM AMS.S rises 2.2%

(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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