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IFX - Infineon Technologies AG News Story

€35.6 -0.3  -0.8%

Last Trade - 09/04/21

Large Cap
Market Cap £40.18bn
Enterprise Value £43.36bn
Revenue £8.05bn
Position in Universe 34th / 1045

Infineon hikes outlook on strong demand, to open new plant early

Thu 4th February, 2021 6:43am
BERLIN, Feb 4 (Reuters) - German chip maker Infineon
 IFXGn.DE  hiked its annual outlook on Thursday after reporting
forecast-beating results for its fiscal first quarter, as it
contends with a snapback in demand from the automotive industry.
    Infineon said it will bring forward the launch date of its
new power semiconductor plant in Villach, Austria, to late
summer - a response to capacity shortages that have hobbled
manufacturers emerging from a pandemic-induced slump.

 (Reporting by Douglas Busvine, editing by Kirsti Knolle)
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