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IFX - Infineon Technologies AG News Story

€32.34 -0.6  -1.9%

Last Trade - 4:35pm

Sector
Technology
Size
Large Cap
Market Cap £36.71bn
Enterprise Value £39.90bn
Revenue £8.56bn
Position in Universe 35th / 1044

Infineon says foundries have not invested enough

Tue 4th May, 2021 9:13am
BERLIN, May 4 (Reuters) - German chipmaker Infineon
 IFXGn.DE  said on Tuesday that its contract manufacturing
partners had not invested enough in keeping up with demand, and
that new capacity would only come into operation from 2023.
    CEO Reinhard Ploss said that while Infineon had invested to
match capacity with expected market growth, "foundries have not
invested enough to keep up with the situation".
    Chief Operating Officer Jochen Hanebeck said supply of 20-
to 90-nanometer chips was rather short. "Foundries are investing
now but the lead times to get this new capacity on board will be
into 2023," he told analysts on a conference call.

 (Reporting by Douglas Busvine, editing by Thomas Escritt)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))
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