Infineon reports better-than-expected 2023 revenue on semiconductor demand

FILE PHOTO: Infineon Technologies AG logo is seen during German Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock's visit, in Dresden, Germany July 13, 2023. REUTERS/Annegret Hilse/File Photo

BERLIN (Reuters) - German chip manufacturer Infineon reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as it said the appetite for semiconductors remains unabated.

Revenue was 16.31 billion euros ($17.72 billion), up 15% from the year before, slightly beating company-provided analyst expectations of 16.22 billion euros.

($1 = 0.9198 euros)

(Reporting by Miranda Murray, Editing by Linda Pasquini)