Technology: Infineon, ST, NXP: Europe's chipmakers and the curse of AI
The semiconductor corporations are doing better than they have in several years. Nevertheless, investors are turning away, and the stock prices are coming under pressure. There is only one reason for this.
Munich - Artificial intelligence (AI) is the "biggest growth driver in our company's history," said Infineon CFO Sven Schneider on Wednesday. Infineon customers are reserving large capacities to ensure steady supply in the future. However, the DAX company is still unable to deliver nearly as many chips for power supply as operators of AI data centers order.
Consequently, Executive Chairman Jochen Hanebeck is making partial prepayments to secure quantities for the coming years. Despite these prospects, the stock market has been acting paradoxically for weeks: Infineon's share price soared to 88 euros in June, its highest level since 2000, but then fell by up to six percent on this Wednesday, even though Hanebeck indicated higher AI revenues for the new fiscal year beginning on October 1st. The AI-driven surge has now become a burden factor. How can this be?
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