Latest news with #BESI
Time of India
2 days ago
- Business
- Time of India
Besi lifts long-term financial targets, eyeing demand growth
AMSTERDAM: BE Semiconductor Industries ( BESI ) raised its long-term financial targets on Thursday ahead of its investor day, saying the future is bright for its advanced chip stacking tools. The Dutch firm makes the world's most accurate hybrid bonding tool , a critical chip technology allowing multiple chips to be bonded directly on top of each other. Besi now expects revenue of between 1.5 billion euros and 1.9 billion euros ($1.73 billion-2.19 billion) in the long term, against 1 billion euros forecast earlier, with an operating margin between 40% and 55%, up from 35% to 50%. The development of artificial intelligence technologies, particularly in data centres, is driving adoption for chip stacking technologies , Besi's CEO Richard W. Blickman said in a statement. As performance gains from shrinking chip features reach physical limits, chipmakers are looking towards advanced packaging technologies such as hybrid bonding to keep making faster and more powerful chips.
Economic Times
2 days ago
- Business
- Economic Times
European shares tumble as trade, geopolitical tensions mount
European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from U.S.-China trade talks faded, while mounting geopolitical tensions led to the markets being more cautious. ADVERTISEMENT The pan-European STOXX 600 was down 0.4% at 549.41 points at 0707 GMT, while most regional bourses were also in the red. U.S. President Donald Trump said on Wednesday that he was willing to extend the deadline for trade talks but it was not likely necessary as the U.S. will send offer letters to countries in a week or so. However, markets were a little concerned about the European Union being able to clinch a deal before Trump's July 8 deadline - when the tariff pause expires. Geopolitical worries added more caution to markets already navigating U.S. tariff-driven uncertainty after trade talks with China did not offer a solution to de-escalate longstanding tensions. U.S. personnel were being moved out of the Middle East because "it could be a dangerous place" amid rising tensions with Iran, Trump said on Wednesday. ADVERTISEMENT In the market, travel and leisure stocks were the worst hit, down 1.7%, while industrial miners fell 1.1%. Among stocks, BE Semiconductor Industries (BESI) jumped 7.7% after raising its long-term financial targets ahead of its investor day. ADVERTISEMENT Tesco gained 1.3% after Britain's biggest food retailer's domestic sales growth accelerated in its first quarter. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
2 days ago
- Business
- Business Recorder
European shares tumble as trade, geopolitical tensions mount
European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from U.S.-China trade talks faded, while mounting geopolitical tensions led to the markets being more cautious. The pan-European STOXX 600 was down 0.4% at 549.41 points at 0707 GMT, while most regional bourses were also in the red. U.S. President Donald Trump said on Wednesday that he was willing to extend the deadline for trade talks but it was not likely necessary as the U.S. will send offer letters to countries in a week or so. However, markets were a little concerned about the European Union being able to clinch a deal before Trump's July 8 deadline - when the tariff pause expires. Geopolitical worries added more caution to markets already navigating U.S. tariff-driven uncertainty after trade talks with China did not offer a solution to de-escalate longstanding tensions. European shares slip as markets unfazed by US-China deal U.S. personnel were being moved out of the Middle East because 'it could be a dangerous place' amid rising tensions with Iran, Trump said on Wednesday. In the market, travel and leisure stocks were the worst hit, down 1.7%, while industrial miners fell 1.1%. Among stocks, BE Semiconductor Industries (BESI) jumped 7.7% after raising its long-term financial targets ahead of its investor day. Tesco gained 1.3% after Britain's biggest food retailer's domestic sales growth accelerated in its first quarter.
Yahoo
2 days ago
- Business
- Yahoo
European shares tumble as trade, geopolitical tensions mount
(Reuters) -European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from U.S.-China trade talks faded, while mounting geopolitical tensions led to the markets being more cautious. The pan-European STOXX 600 was down 0.4% at 549.41 points at 0707 GMT, while most regional bourses were also in the red. U.S. President Donald Trump said on Wednesday that he was willing to extend the deadline for trade talks but it was not likely necessary as the U.S. will send offer letters to countries in a week or so. However, markets were a little concerned about the European Union being able to clinch a deal before Trump's July 8 deadline - when the tariff pause expires. Geopolitical worries added more caution to markets already navigating U.S. tariff-driven uncertainty after trade talks with China did not offer a solution to de-escalate longstanding tensions. U.S. personnel were being moved out of the Middle East because "it could be a dangerous place" amid rising tensions with Iran, Trump said on Wednesday. In the market, travel and leisure stocks were the worst hit, down 1.7%, while industrial miners fell 1.1%. Among stocks, BE Semiconductor Industries (BESI) jumped 7.7% after raising its long-term financial targets ahead of its investor day. Tesco gained 1.3% after Britain's biggest food retailer's domestic sales growth accelerated in its first quarter.
Reuters
2 days ago
- Business
- Reuters
European shares tumble as trade, geopolitical tensions mount
June 12 (Reuters) - European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from U.S.-China trade talks faded, while mounting geopolitical tensions led to the markets being more cautious. The pan-European STOXX 600 (.STOXX), opens new tab was down 0.4% at 549.41 points at 0707 GMT, while most regional bourses were also in the red. U.S. President Donald Trump said on Wednesday that he was willing to extend the deadline for trade talks but it was not likely necessary as the U.S. will send offer letters to countries in a week or so. However, markets were a little concerned about the European Union being able to clinch a deal before Trump's July 8 deadline - when the tariff pause expires. Geopolitical worries added more caution to markets already navigating U.S. tariff-driven uncertainty after trade talks with China did not offer a solution to de-escalate longstanding tensions. U.S. personnel were being moved out of the Middle East because "it could be a dangerous place" amid rising tensions with Iran, Trump said on Wednesday. In the market, travel and leisure stocks (.SXTP), opens new tab were the worst hit, down 1.7%, while industrial miners (.SXPP), opens new tab fell 1.1%. Among stocks, BE Semiconductor Industries (BESI) ( opens new tab jumped 7.7% after raising its long-term financial targets ahead of its investor day. Tesco (TSCO.L), opens new tab gained 1.3% after Britain's biggest food retailer's domestic sales growth accelerated in its first quarter.
