Infineon to massively increase its investment in M’sia

  • 📰 staronline
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Infineon reported third-quarter revenue of USD4.47bil (RM20.3bil), up 13% from the same period last year.

Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of €4.09bil , up 13% from the same period last year and slightly above expectations of €4.05bil in a company-provided consensus of analysts.

The planned expansion of the Kulim fab is backed by customer commitments covering about €5bil and €1bil in pre-payments, said Infineon, which pointed out that it would invest up to an additional €5bil over the next five years. — Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PM Anwar: German chipmaker Infineon’s additional RM24.9b investment shows faith in MalaysiaKUALA LUMPUR, Aug 3 — Prime Minister Datuk Seri Anwar Ibrahim welcomed the continued support shown by German chip maker Infineon Technologies AG that he said reflects...
Source: malaymail - 🏆 1. / 86 Read more »

PM Anwar: German chipmaker Infineon’s additional RM24.9b investment shows faith in MalaysiaKUALA LUMPUR, Aug 3 — Prime Minister Datuk Seri Anwar Ibrahim welcomed the continued support shown by German chip maker Infineon Technologies AG that he said reflects...
Source: malaymail - 🏆 1. / 86 Read more »

Infineon’s RM25bil in investment in Kedah a sign of confidence in Madani GovtKUALA LUMPUR: Global semiconductor company Infineon Technologies AG has announced the expansion of its Kulim facility to build the world’s largest 200-millimetre (mm) silicon carbide (SiC) power fabrication (power fab) plant, with an additional investment of up to five billion euros (1 euro=RM4.99) over the next five years.
Source: staronline - 🏆 4. / 75 Read more »

PM welcomes Infineon’s additional €5 billion investment | The Malaysian InsightAnwar says announcement inline with Madani economic concept.
Source: msianinsight - 🏆 8. / 63 Read more »