0920 GMT - Shares of chip stocks in Asia and Europe are up after Taiwan's Foxconn posted revenue above analysts' expectations for the fourth quarter. The assembler of Apple and Nvidia products, formally known as Hon Hai Precision Industry, reported higher sales amid robust demand for servers to power artificial intelligence. The company also forecast significant growth in first-quarter sales. In Asia, shares of Taiwan Semiconductor Manufacturing Co. closed nearly 4.7% higher. South Korean memory-chip maker SK Hynix--which supplies Nvidia--gained 9.8%. In Europe, shares of German chip maker Infineon Technologies are up 6.9%, while STMicroelectronics is up 5.4%. Shares of Dutch semiconductor-equipment maker ASML Holding are up 5.3% in Amsterdam. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
January 06, 2025 04:20 ET (09:20 GMT)
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