June 20, 2017 / 6:40 AM / 5 months ago

BUZZ-ASML: Well placed as chipmakers adopt EUV, Berenberg says

** ASML remains one of Berenberg’s favorite semi equipment names, brokerage says as chipmakers are ready to adopt extreme ultraviolet lithography (EUV)

** Rising demand for thinner and more powerful smartphones driving EUV demand

** Brokerage says mainstream chipmakers will adopt EUV technology on time (within 2019/20 timeframe) with Samsung and TSMC already having outlined their EUV timeline

** Berenberg: “We expect the competition between TSMC, Samsung and Intel to intensify, to the benefit of ASML”

** Brokerage maintains “buy” but ups PT to EUR 131 (+31%)

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