Gavekal Capital: European Semiconductors

Tuesday, March 25, 2014

European Semiconductors

As noted previously (here), performance of the Semiconductors & Semiconductor Equipment industry has been quite strong.  Perhaps surprisingly, this group has been particularly positive in the European region of the MSCI World Index:

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Of the four European constituents, ASML and ARM Holdings stand out the most in our point-and-figure work, while Infineon and STMicroelectronics seem to be stuck in trading ranges:

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