Infineon and AMS Warn Investors as Demand Hits Europe Tech
- German-basd Infineon sees rev. growth lower end of forecast
- AMS cites unfavroable markets, “subdued” smartphone demand
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Infineon Technologies AG and AMS AG have warned investors about future growth, adding to investor concerns about prospects for chipmakers and Apple Inc. suppliers.
Infineon said Tuesday it sees revenue growth at the lower end of the forecast range in the 2019 financial year, and plans to reduce investments.