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Infineon Says Shutdowns, U.S. Storms Hold Back Sales Growth

  • Pandemic-related constraints hit Malaysian production capacity
  • Company dealing with aftermath of winter storms in Texas
relates to Infineon Says Shutdowns, U.S. Storms Hold Back Sales Growth

Source: Infineon Technologies AG 

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Infineon Technologies AG said manufacturing constraints at its sites in Malaysia and Texas are holding back its ability to grow revenue, despite a global shortage in semiconductors.

Revenue rose 25% to 2.72 billion euros ($3.2 billion) in the third quarter from a year earlier, the company said in a statement on Tuesday. That compared with the average 2.78 billion-euro estimate of analysts surveyed by Bloomberg.