Morgan Stanley upgrades chip gear maker ASML Holdings (ASML +2.9%) to Overweight from...

|By:, SA News Editor

Morgan Stanley upgrades chip gear maker ASML Holdings (ASML +2.9%) to Overweight from Underweight, citing demand for its lithography tools as ARM Holdings (ARMH -4.9%) and Intel (INTC -1%) compete for microprocessor dominance. ARM partners Taiwan Semiconductor (TSM -1.7%) and Samsung (SSNLF.PK) will also boost spend in 2011 to meet smartphone and tablet demand.