Infineon CEO Sees Strong China EV Momentum, EU Recovery in 2025
- Infineon shares up most in four years on demand from carmakers
- CEO says Europe’s electric vehicle market to rebound next year
This article is for subscribers only.
Infineon Technologies AG Chief Executive Officer Jochen Hanebeck said the company is seeing “very strong momentum” in China’s automotive industry and expects Europe’s electric-vehicle market to recover next year, sending the German chipmaker’s shares up the most in four years.
The world’s biggest automotive chip producer projected revenue in the current quarter will rise to about €3.8 billion ($4.1 billion) from €3.6 billion last quarter, reversing two consecutive periods of declining sales and signaling that an slump in demand from EV makers is ending.