Infineon Q3 revenue slightly above forecast on mixed semiconductor market

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Infineon Q3 revenue slightly above forecast on mixed semiconductor market
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BERLIN :German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of 4.09 billion euros ($4.47 billion), slightly above expecta

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BERLIN :German chipmaker Infineon on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture.

"Semiconductor market trends continue to present a mixed picture with both light and shade," said Chief Executive Jochen Hanebeck, with demand high in electromobility and renewable energy but low for consumer products like PCs and smartphones.

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