Infineon revenues advance 3 % in Q2
Infineon revenues grew 3 % sequentially and 36 % year on year to $2.7bn in Q2. The company is forecasting revenues of between $2.6bn and $2.9bn in Q3.
Infineon has raised its annual forecast for the full year 2021 and now expects revenues of $11bn, plus or minus 3 %.
"The semiconductor market is booming; electronics that help accelerate the energy transition and make work and home life easier remain in high demand. The push for digitalisation continues unabated. Infineon is firmly on course to meet its targets for the current fiscal year," said Dr. Reinhard Ploss, CEO of Infineon. "Demand greatly exceeds supply for the majority of applications. Infineon's manufacturing facilities are running at full speed and we continue to invest in additional capacity. We see bottlenecks in those segments where we depend on chips supplied by foundries, especially in the case of automotive microcontrollers and IoT products. We are doing everything we can to provide our customers with the best possible support in thissituation."