(AOF) – Semiconductor manufacturers monopolize the top positions in European indices, reassured by the results and prospects of Texas Instruments. At the top of the SBF 120, euros). Infineon (+6.73% to 31.81 euros) for its part took the lead in the Dax40.
In the first quarter, Texas Instruments saw its net income fall 35% to $1.105 billion, or $1.10 per share. The consensus was just $1.47. Texas Instruments recorded a 16% decline in sales to $3.66 billion. The market was, however, more pessimistic and anticipated $3.6 billion.
In the second quarter, the group is targeting earnings per share of between $1.05 and $1.25 for revenues of between $3.65 and $3.95 billion. Analysts polled by Bloomberg anticipate $1.17 and $3.78 billion, respectively.
This publication reassures investors, less than a week after the presentation by the Taiwanese founder TSMC of more cautious prospects for this industry. The world’s largest manufacturer of advanced chips has revised downwards its growth forecasts for the semiconductor market, excluding memory, to 10% in 2024 compared to more than 10% previously. In particular, automotive chips are now expected to decline while TSMC previously expected an increase.
STMicroelectronics will publish its third quarter accounts tomorrow, as will X-Fab.