Merck reports earlier-than-expected improvement in semiconductor market

FILE PHOTO: The logo of German pharmaceuticals company Merck is seen in front of the company's headquarters in Darmstadt, Germany, May 16, 2016. REUTERS/Kai Pfaffenbach/File Photo

It has seen an inflection point in the second quarter for advanced nodes and materials for AI applications, it said, having previously said it expected a recovery in the semiconductor market in the second half of the year. Merck's semiconductor solutions business, which makes up 69 per cent of its Electronics business, the smallest of its three divisions, posted a 10.4 per cent rise in second-quarter net sales, beating analysts' expectations.

Raising its full year guidance for Electronics on Thursday, Merck said it expects"the remaining semiconductor materials market to gradually recover" in the second half of the year. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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Singapore stocks open lower on Thursday—STI fell by 0.6%95 stocks were down compared to only 27 that were up, with 41.4 million securities worth S$48.3 million traded.
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Singapore stocks opened with steady gains on Thursday—STI rose by 0.6%The broader market also showed a positive trend, as 49.3 million securities worth S$63.2 million were traded in the early hours.
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Singapore stocks edge higher on Thursday—STI rose by 0.5%The broader market saw gainers outnumbering losers 77 to 24 as 48.1 million securities valued at S$96.4 million were traded.
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