Infineon Q3 revenue up EUR22m to EUR2.72bn - Just Auto
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Infineon Q3 revenue up EUR22m to EUR2.72bn

By Simon Warburton 04 Aug 2021

Huge chip demand still challenging for manufacturers.

Infineon has posted third-quarter revenue up EUR22m (US$26m) to EUR2.72bn and is forecasting full fiscal year revenue of around EUR11bn.

“Demand for semiconductors is unbroken, as they play a key role in enabling the energy transition and digitalisation,” said Infineon CEO, Reinhard Ploss.

“Currently, however, the market is faced with an extremely tight supply situation. Inventories are at a historic low; our chips are being shipped from our fabs straight into the end applications.

“Under these circumstances, any pandemic-related restrictions on manufacturing, such as those recently imposed in Malaysia, are especially grave. We are doing our utmost to improve matters along the entire value chain and are working as flexibly as possible in the best interests of our customers.

“At the same time, we are continuously building up additional capacity.”