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Besi Shares Sink as Flagship Tech Faces Memory Crunch Pressure

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Besi Shares Sink as Flagship Tech Faces Memory Crunch Pressure BE Semiconductor Industries NV shares once rode high on optimism over its next-generation chip technology. Now, the global memory shortage has thrown the pace of adoption into doubt, and the market is losing patience. The stock is down 14% this week, with losses accelerating after UBS Group AG downgraded it to sell from buy on lower earnings expectations, a day after Bank of America cut it to neutral.

Besi Shares Sink as Flagship Tech Faces Memory Crunch Pressure BE Semiconductor Industries NV shares once rode high on optimism over its next-generation chip technology. Now, the global memory shortage has thrown the pace of adoption into doubt, and the market is losing patience. The stock is down 14% this week, with losses accelerating after UBS Group AG downgraded it to sell from buy on lower earnings expectations, a day after Bank of America cut it to neutral. That deepened a selloff that made Besi the Stoxx 600’s worst performer between June and September.
Besi Shares Sink as (ORG) UBS Group AG (ORG) Bank of America (ORG) Besi the Stoxx (PERSON)
Originally published by Bloomberg Technology Read original →