After European technology received 'positive outlook' comments from chip maker Texas Instruments and chip equipment firm ASML, its shares grew rapidly on Thursday.

The improved expectations of consumer demand and higher chip prices in some markets led to an increase in sales outlook by Dutch ASML. On the other hand, the forecast by Texas Instruments was hiked for third-quarter earnings and sales.

Hannu Rauhala, analyst with Pohjola Bank said: "Investors are looking for signs to strengthen the underlying positive mood on the market."

Texas Instruments was optimistic about the revenue figures being stronger than it had predicted in July, in the third quarter, in every segment. This led to bolstering of shares of its key client Nokia.

At 0834 GMT, shares at Nokia, the world's top cellphone maker, were 1.7 percent higher. Meanwhile, shares for chip makers STMicroelectronics were up 3.1 percent and Infineon up 2.5 percent. This finally raised the DJ Stoxx European technology shares index 1.7 percent higher.

An ASML spokesman specified, "Shares in ASML, the world's largest maker of semiconductor lithography machines, which map out electronic circuits on silicon wafers, rose 6 percent after it said it expected sales above 500 million euros ($728.9 million) in both the third and fourth quarters this year."