Infineon Warns of Weaker Demand in Key Markets
- The 9% growth in group revenue mainly attributable to PSS, CSS
- First earnings with Infineon’s $8.7 billion deal for Cypress
An Infineon TriCore microcontroller computer circuit component sits beside circuitry on an Infineon HybridPACK automotive drive evaluation kit.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Infineon reported third quarter segment profit of 220 million euros ($259 million), beating analyst estimates of 119 million euros, but warned the Covid-19 pandemic continues to have a significant impact on its target markets, resulting in weaker demand in many product areas.