German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture.<\/p>\n
Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09 billion euros (USD 4.47 billion), slightly above expectations of 4.05 billion euros in a company-provided consensus of analysts.<\/p>\n
“Semiconductor market trends continue to present a mixed picture with both light and shade,” said Chief Executive Jochen Hanebeck, with demand high in electromobility and renewable energy but low for consumer products like PCs and smartphones.<\/p>\n
The comapany disclosed a 10% decline in its quarterly adjusted, or “segment,” result compared to the previous quarter. The segment result, which stood at 1.067 billion euros, has garnered attention from investors and industry experts, raising questions about the company’s performance amidst ongoing economic challenges and global supply chain disruptions.<\/p>\n
Despite expectations of a robust performance, Infineon’s margin for the quarter was reported to be slightly lower than anticipated, settling at 26.1%. The unexpected dip in the margin indicates potential headwinds faced by the company in maintaining profitability during the period, fueling speculations and concerns in the market.<\/p>\n
The company confirmed its outlook for the financial year for revenue of around 16.2 billion euros, with investments amounting to approximately 3 billion euros.<\/p>\n
One focus of that investment is construction at its site in Malaysia, where it said on Thursday it plans to build the world’s largest 200-millimeter SiC Power Fab.<\/p>\n","protected":false},"excerpt":{"rendered":"
German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09 billion euros (USD 4.47 billion), slightly above expectations of 4.05 billion euros in a company-provided consensus of analysts. “Semiconductor market trends continue to present a mixed picture with both light and shade,” said Chief Executive Jochen Hanebeck, with demand high in electromobility and renewable energy but low for consumer products like PCs and smartphones. The comapany disclosed a 10% decline in its quarterly adjusted, […]<\/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-800395","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800395","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=800395"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800395\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=800395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=800395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=800395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}