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Investing.com -- European semiconductor stocks climbed on Friday after U.S. chipmaker Broadcom reported fiscal third-quarter results that exceeded analyst expectations.
Shares of Dutch chip-making equipment supplier ASML Holding rose 2%, while its smaller competitor ASM International gained 2.3%.
BE Semiconductor Industries, another Dutch company that supplies semiconductor assembly equipment, increased 2.1%.
German chip manufacturer Infineon Technologies advanced 1.9%, while Franco-Italian chipmaker STMicroelectronics, which counts Tesla and Apple among its clients, jumped 4.9%.
Broadcom posted revenue of $15.95 billion for the quarter ended August 3, surpassing the $15.82 billion forecast by analysts polled by FactSet.
The company’s adjusted Ebitda reached $10.70 billion, also beating FactSet’s projection of $10.47 billion.
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