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IFX - Infineon Technologies AG News Story

€35.49 0.0  0.1%

Last Trade - 16/04/21

Sector
Technology
Size
Large Cap
Market Cap £40.00bn
Enterprise Value £43.17bn
Revenue £8.04bn
Position in Universe 35th / 1048

BRIEF-Infineon CEO Says Automotive Semiconductor Shortages Are Being Felt

Thu 4th February, 2021 8:48am
Feb 4 (Reuters) - Infineon Technologies AG  IFXGn.DE  CEO:
    * SEMICONDUCTOR SHORTAGES ARE BEING FELT IN THE OVERALL
AUTOMOTIVE
SUPPLY CHAIN
    * AUTOMOTIVE RECOVERY IS HAPPENING FASTER THAN EXPECTED LAST
SUMMER
    * FOUNDRY CAPACITY IS AN ISSUE ESPECIALLY FOR
MICROCONTROLLERS
    * IT WILL TAKE TIME TO BRING MORE CAPACITY ONLINE
    * REGARDING POWER SEMICONDUCTORS AND SENSORS WE ARE IN
BETTER
SHAPE DUE TO IN-HOUSE PRODUCTION CAPACITY
    * WE RAN INVENTORIES AT ABOVE NORMAL LEVELS TO MINIMISE
SUPPLY
DISRUPTIONS; NOW WE ARE INVESTING TO INCREASE CAPACITY
    * SUPPLY CONSTRAINTS SHOULD NOT OVERSHADOW UNDERLYING
TRENDS, 2021
SHAPING UP TO BE A STRONG YEAR FOR AUTOMOTIVE SEMICONDUCTORS


 (Reporting by Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com;))
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