Infineon Gains After German Chipmaker Sees 2025 Turnaround
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Infineon Technologies AG shares rose after the German chipmaker said it expects a turnaround in fortunes by the end of the 2025 fiscal year, signaling that an extended slump in automotive demand may be nearing an end.
The recovery will come after a forecast drop-off in sales in the first quarter, which ends in December, the company said in a statement on Tuesday. Revenue in the current period will be around €3.2 billion ($3.4 billion), compared to €3.92 billion in the fourth quarter.