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Infineon boosts Malaysia investment as Q3 revenue above forecast

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BERLIN :German chipmaker Infineon said on Thursday it was massively increasing its investment in its Malaysia plant while reporting slightly better-than-expected quarterly revenue in a semiconductor market where trends remain a mixed picture. Infineon, whose chips are used in cars and data centres, reported

BERLIN :German chipmaker Infineon said on Thursday it was massively increasing its investment in its Malaysia plant while reporting slightly better-than-expected quarterly revenue in a semiconductor market where trends remain a mixed picture.

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

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Infineon Q3 revenue slightly above forecast on mixed semiconductor marketBERLIN :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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