This news however concurred with a rise in European chips stocks, ensuring that the electronics giant’s share rose 5%. Epcos said it expected sales growth of about 20% for the full year to September and operating margins of 17%.
Chip stocks across Europe climbed after a rise of more than 5% in the Philadephia Stock Exchange semiconductor index, although analysts and investors cautioned there was still no clear sign of a solid turnaround.
