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ASML: shares fall after Qualcomm-Samsung EUV deal

(CercleFinance.com) - Shares of Dutch semiconductor equipment maker ASML fell on Thursday after Qualcomm said it would use Samsung's 7-nanometer EUV process technology for its new Snapdragon 5G mobile chipsets.

Analysts at Bryan Garnier, who have a "buy" rating on the ASML share, however see a "positive read-across" for the group.

"It translates in a positive view for ASML which supplies lithography tools used for Samsung's 7nm LPP EUV," the broker wrote in a report.

Despite this, the ASML share is currently down 0.8% at 158 euros on Amsterdam's AEX index.

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