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On May 20th, the CEO of ASML, a chip manufacturing equipment giant, stated that the booming global semiconductor market will face a "tight" situation in the foreseeable future, with supply continuing to tighten as demand from the fields of artificial intelligence, satellites, and robotics has exceeded the industrys production capacity. He indicated that there may be some intermittent bottlenecks in the chip market supply chain, and the market size is expected to reach $1.5 trillion by 2030. ASMLs CEO stated, "The demand for artificial intelligence is so strong that we will face supply shortages for a considerable period of time." He mentioned projects like Elon Musks massive "TeraFab" AI initiative and Starlink satellites, which could drive a new wave of demand growth. He also stated that ASML is working to increase production and improve the efficiency of its equipment to keep up with the situation, while new technologies are constantly emerging. However, he cautioned that the scale of this growth is difficult to predict and may exceed industry planning.According to Hong Kong Stock Exchange documents, Shanghai Guanan Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.Federal Reserve Governor Barr will speak in ten minutes.ASML (ASML.O) CEO: The next generation of "High Numerical Aperture" (High NA) technology is likely to see its first product data in logic chips and DRAM products later this year.ASML (ASML.O) CEO: There may be occasional chip supply bottlenecks, but the company is ramping up production capacity.

At market close, Israeli equities dropped; the TA 35 index declined 0.64 percent

Aria Thomas

Jul 05, 2022 11:10


The Israel stock market declined on Monday evening, with losses in the Banking, Insurance, and Financials sectors leading the slide.


At the market's close in Tel Aviv, the TA 35 fell 0.64 percent.


During the session, Energix (TASE:ENRG) had the best performance on the TA 35, collecting 5.27 percent of 61.00 points to end at 1,218.00. Strauss Group (TASE:STRS) jumped 2.07 percent, or 180 points, to $8,859.00 at the conclusion of trade, while Azrieli Group Ltd (TASE:AZRG) advanced 1.08 percent, or 270 points, to $25,300.00 in late trading.


Israel Corp (TASE:ILCO) ended the day with the worst performance, sliding 3.96 percent, or 6,240.00 points, to 151,260.00. ICL Israel Chemicals Ltd (TASE:ICL) closed the day at 3,097.00, down 3.07 percent, or 98.00 points, while Kenon Holdings Ltd (TASE:KEN) down 2.28 percent, or 310.00 points, to 13,310.00.


On the Tel Aviv Stock Exchange, decreasing stocks outnumbered rising stocks by a ratio of 276 to 201, with 39 remaining unchanged.


The August delivery price per barrel of crude oil increased 1.82 percent, or $1.97, to $110.40. Brent oil for September delivery rose 1.75 percent, or $1.95, to $113.58 per barrel, while the August Gold Futures contract rose 0.28 percent, or $5.00, to $1,802.50 per troy ounce.


The USD/ILS exchange rate fell 0.60 percent to 3.50, while the EUR/ILS exchange rate fell 0.64 percent to 3.65.


The US Dollar Index Futures climbed 0.07 percent to 104.98.