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VAT Group AG (VACN.S)

VACN.S on Swiss Exchange

93.70CHF
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Wed, Oct 10 2018

Infineon stands by earnings outlook as chip stocks tumble

FRANKFURT, Oct 10 German chipmaker Infineon Technologies stood by its earnings forecasts as semiconductor stocks tumbled on Wednesday, after Swiss vacuum valve maker VAT Group said it was cutting working hours at one factory due to weak demand.

UPDATE 1-Semiconductor stocks slump as valve maker VAT Group cuts worker hours

* Swiss valve maker to cut hours at one plant, outlook intact

Valve maker VAT cuts worker hours as semiconductor demand slumps

* Swiss valve maker to cut hours, says outlook remains intact

BRIEF-VAT Group Says CFO Will Leave Organization Effective Dec 31, 2018

* VAT GROUP -ANDREAS LEUTENEGGER CFO OF VAT GROUP AG WILL LEAVE ORGANIZATION EFFECTIVE DECEMBER 31, 2018 Source text for Eikon: Further company coverage:

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