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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.