Technology: Infineon achieves record sales and promises double-digit growth
The chip manufacturer is benefiting from the boom in artificial intelligence. Customers are now securing production capacities years in advance.
Munich. Chip manufacturer Infineon is more confident than it has been for a long time. "More and more of our target markets are showing a positive trend," said CEO Jochen Hanebeck on Wednesday. The most recent quarter saw Infineon close with a record revenue, and the Dax group is continuing its growth course. The manager promises revenues of €16.3 billion for the current financial year, which ends on September 30.
This corresponds to an increase of 11 percent compared to the previous year. Most recently, Hanebeck raised the forecast in early May and expected a revenue increase of around 10 percent. Before that, he had only spoken of slightly higher revenues. In the past two financial years, Europe's largest semiconductor manufacturer had shrunk.
"Our power supply solutions for AI data centers remain very much in demand and continue to be the most important growth driver," said Hanebeck. In addition, rising investments in grid infrastructure worldwide would provide a tailwind. Hanebeck also said that orders in the automotive sector are picking up noticeably. This is particularly important, as the automotive division accounts for around half of revenue.
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