One investment focus is the construction at its site in Malaysia, where it said it planned to build the world’s largest 200mm SiC Power Fab. — Reuters
BERLIN: German chipmaker Infineon is massively increasing its investment in its Malaysia plant while reporting slightly better-than-expected quarterly revenue in a semiconductor market where trends remain a mixed picture.
Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09bil (US$4.47bil or RM20.3bil), up 13% from the same period last year and slightly above expectations of 4.05bil (RM20.1bil) in a company-provided consensus of analysts.
Shares in Lang & Schwarz pre-market trade were down 2.7% after the results were released.
“The semiconductor market trends continue to present a mixed picture with both light and shade,” said chief executive Jochen Hanebeck, adding that demand was high in electromobility and renewable energy but low for consumer products like personal computers and smartphones.
For the full year, Infineon expects investments amounting to 3bil (RM14.9bil).
One investment focus is the construction at its site in Malaysia, where it said it planned to build the world’s largest 200mm SiC Power Fab.
The planned expansion of the Kulim fab is backed by customer commitments covering about 5bil (RM25bil) and 1bil (RM4.98bil) in pre-payments, said Infineon, which pointed out that it would invest up to an additional 5bil over the next five years. — Reuters
