ASML Holding NV, Europe’s largest semiconductor-equipment supplier, agreed to buy Cymer Inc. for 1.95 billion euros ($2.6 billion), its biggest deal ever, to satisfy customer demand for more advanced chipmaking technology.
ARM Holdings Plc , the U.K. designer of chips that power Apple Inc.’s iPhone, rose the most since Aug. 31 in London trading after Oracle Corp. Chief Executive Officer Larry Ellison said his company may buy a chipmaker.
Nokia Oyj shares tumbled on Chief Executive Officer Stephen Elop ’s first day in the job on reports the world’s biggest maker of mobile phones is delaying shipment of the N8, its newest flagship smartphone.
Infineon Technologies AG, Europe’s second-largest maker of semiconductors, predicts profitability and sales will decline this quarter as the European debt crisis makes clients more reluctant to spend. The stock dropped as much as 5.4 percent.