Wednesday, March 12

Tag: Infineon Technologies

Infineon Meets Targets After Better-Than-Expected Revenue, Net Profit
15Nov By adminNo Comments
World

Infineon Meets Targets After Better-Than-Expected Revenue, Net Profit

Infineon Technologies met its fiscal 2023 targets and proposed a higher dividend after beating expectations for net profit and revenue in its fourth quarter.The German chip company said on Wednesday that fourth-quarter net profit reached 753 million euros ($819.2 million) compared with EUR735 million in the fourth quarter of last year. Analysts had expected net profit of EUR674.8 million, according to FactSet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto Chip Makers Try to Avoid a Pileup
7Nov By adminNo Comments
Money

Auto Chip Makers Try to Avoid a Pileup

Cars need a lot of chips these days. That has been a godsend for the semiconductor industry—and also a big complication. The industry has been mired in a historic slump for more than a year now. The Semiconductor Industry Association, or SIA, reported last week that global chip sales in September fell 4.5% from the same period last year. That made for the 14th straight month of sales declines—a streak not seen in more than a decade. Much of the downturn has been due to weak sales of PCs, smartphones and other consumer and business electronics that saw a rise in demand earlier in the pandemic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto Chip Makers Try to Avoid a Pileup
7Nov By adminNo Comments
World

Auto Chip Makers Try to Avoid a Pileup

Cars need a lot of chips these days. That has been a godsend for the semiconductor industry—and also a big complication. The industry has been mired in a historic slump for more than a year now. The Semiconductor Industry Association, or SIA, reported last week that global chip sales in September fell 4.5% from the same period last year. That made for the 14th straight month of sales declines—a streak not seen in more than a decade. Much of the downturn has been due to weak sales of PCs, smartphones and other consumer and business electronics that saw a rise in demand earlier in the pandemic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Is Germany's Economic Model Truly Kaputt?
11Aug By adminNo Comments
Money

Is Germany's Economic Model Truly Kaputt?

An overreliance on foreign markets puts the German economy in a difficult place, but its well-preserved industrial base is an advantage at a time when other countries are trying to reshore manufacturing.
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