FRANKFURT (dpa-AFX Broker) - Chip stocks, which have been weak so far this year, trended significantly firmer on Tuesday. Traders referred to a report in the industry journal "Digitimes", according to which the US chip group Micron Technology intends to raise the prices of certain memory chips sharply. In addition, the companies Samsung and SK Hynix are expanding their production of memory chips (DRAM), according to the paper.

In Germany, the shares of wafer manufacturer Siltronic were the main beneficiaries of the news on Tradegate, rising 1.5 percent compared to the Xetra close. The shares of chip industry equipment manufacturer Aixtron gained 1.1 percent. However, both stocks have been very weak since the beginning of the year: Siltronic is down by more than nine percent, Aixtron by a good 40 percent. By way of comparison, Micron has recorded a price gain of 44% so far in 2024.

Shares in Infineon, STMicroelectronics and Western Digital could also be worth a look in the course of trading./ajx/mis

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------