Nokia Oyj fell as much as 5.6 percent in Helsinki trading after introducing a smartphone that disappointed investors anticipating a handset attractive enough to push forward the company’s comeback effort.
Infineon Technologies AG , Europe’s second-largest chipmaker, raised its full-year forecast after reporting a better-than-predicted first-quarter profit on surging demand for automotive and industrial semiconductors.
Dialog Semiconductor Plc, which makes chips used in Apple Inc.’s iPhone, fell the most in almost six months after Nikkei newswire reported that the U.S. company scaled back production plans for the smartphone.
European stocks rose for the first time in four days as U.S. President Barack Obama changed his position on tax increases, leading to optimism that Democrats and Republicans will agree on a compromise budget.
Infineon Technologies AG, Europe’s second-largest semiconductor maker, said Chief Executive Officer Peter Bauer will step down because of “severely worsening” osteoporosis and appointed a board member as successor.