Chipmaker Infineon cuts revenue guidance blaming difficult markets

147.00 Q
ID #9111
Published 1 year ago
By Douglas Busvine

FRANKFURT, Feb 5 (Reuters) - Chipmaker Infineon Technologies cut its forecast for full-year revenue growth on Tuesday to the bottom of its earlier range, blaming difficult markets, but expects a better second half as demand rebounds and inventories are worked off.

Infineon is a leading maker of high-performance power chips used in cars, server farms, smartphones and wind turbines. Its products also help drivers avoid accidents and run on-board features in luxury vehicles.

Trimming his forecast for revenue growth in the current year to September to 9 percent, CEO Reinhard Ploss said Infineon faced weakness in its automotive markets, datacentre servers and in phones.

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    Chipmaker Infineon cuts revenue guidance blaming difficult markets
    By Douglas Busvine FRANKFURT, Feb 5 (Reuters) - Chipmaker Infineon Technologies cut its forecast for full-year revenue growth on Tuesday to the bottom of its earlier range, blaming difficult markets, but expects a better second half as demand rebounds and inventories are worked off. Infineon is a le...
    147.00 Q