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.
ZURICH Swiss vacuum valve maker VAT Group , which supplies equipment to the semiconductor industry, said it was cutting working hours at a factory because demand from customers had slumped, sending its shares tumbling on Wednesday.