{"id":799148,"date":"2021-11-10T10:24:59","date_gmt":"2021-11-10T10:24:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2021\/11\/10\/infineons-quarterly-revenue-forecast-beats-on-robust-chip-demand\/"},"modified":"2021-11-10T10:24:59","modified_gmt":"2021-11-10T10:24:59","slug":"infineons-quarterly-revenue-forecast-beats-on-robust-chip-demand","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2021\/11\/10\/infineons-quarterly-revenue-forecast-beats-on-robust-chip-demand\/","title":{"rendered":"Infineon&#8217;s quarterly revenue, forecast beats on robust chip demand"},"content":{"rendered":"<p>German chipmaker Infineon reported on Wednesday a rise of 10% in fourth-quarter revenue, as a global shortage of semiconductors has driven up the prices of, and demand for, chips used in everything from cars to mobile telephones.<\/p>\n<p>Infineon, which gets about 40% of sales from the automotive sector, also forecast first-quarter revenue of 3 billion euros, exceeding the 2.93 billion euros expected in a poll of 19 analysts by Vara Research.<\/p>\n<p>&#8220;We are investing significantly more in order to take advantage of opportunities to grow,&#8221; Chief Executive Reinhard Ploss said in a statement.<\/p>\n<p>&#8220;We are continuing to expand our manufacturing capacities &#8211; for silicon as well as for the compound semiconductors silicon carbide and gallium nitride.&#8221;<\/p>\n<p>Last month, the Munich-based chipmaker said it would invest about 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion this year.<\/p>\n<p>Infineon&#8217;s revenue grew to 3 billion euros ($3.47 billion) from 2.72 billion in the fourth quarter, ahead of expectations of 2.93 billion, according to IBES data from Refinitiv.<\/p>\n<p>Rival chipmaker STMicroelectronics also reported bullish earnings in its latest quarterly report.<\/p>\n<p>Infineon also forecast 2022 revenue of between 12.2 billion and 13.2 billion euros, in line with expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German chipmaker Infineon reported on Wednesday a rise of 10% in fourth-quarter revenue, as a global shortage of semiconductors has driven up the prices of, and demand for, chips used in everything from cars to mobile telephones. Infineon, which gets about 40% of sales from the automotive sector, also forecast first-quarter revenue of 3 billion euros, exceeding the 2.93 billion euros expected in a poll of 19 analysts by Vara Research. &#8220;We are investing significantly more in order to take advantage of opportunities to grow,&#8221; Chief Executive Reinhard Ploss said in a statement. &#8220;We are continuing to expand our manufacturing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799148","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799148"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799148\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}