An employee inspects a wafer at the Infineon Technologies AG microchip and sensor manufacturing facility in Regensburg, Germany. Infineon designs, manufactures and markets semiconductors for the automotive, industrial, communications, consumer and security electronics sectors. - Bloomberg filepic
BERLIN: German chipmaker Infineon Technologies said on Tuesday it was battling extreme tightness in its markets as the latest wave of the COVID-19 pandemic disrupts production in Asia and inventories hit all-time lows.
Results for the fiscal third quarter at the leading supplier of chips to the automotive industry reflected those strains, with quarterly revenue growth of 1% lagging analyst expectations even as profit margins widened.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
