ASML: shares fall after Qualcomm-Samsung EUV deal
(CercleFinance.com) - Shares of Dutch semiconductor equipment maker ASML fell on Thursday after Qualcomm said it would use Samsung's 7-nanometer EUV process technology for its new Snapdragon 5G mobile chipsets.
Analysts at Bryan Garnier, who have a "buy" rating on the ASML share, however see a "positive read-across" for the group.
"It translates in a positive view for ASML which supplies lithography tools used for Samsung's 7nm LPP EUV," the broker wrote in a report.
Despite this, the ASML share is currently down 0.8% at 158 euros on Amsterdam's AEX index.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Analysts at Bryan Garnier, who have a "buy" rating on the ASML share, however see a "positive read-across" for the group.
"It translates in a positive view for ASML which supplies lithography tools used for Samsung's 7nm LPP EUV," the broker wrote in a report.
Despite this, the ASML share is currently down 0.8% at 158 euros on Amsterdam's AEX index.
Copyright (c) 2018 CercleFinance.com. All rights reserved.