Infineon Technologies lately announced its results for the third quarter (Q3) of its 2018 fiscal year (period ended 30 June 2018).
Infineon in its Q3 FY 2018 stated revenue of € 1,941 million (MN). Alongside, Infineon shared an outlook for Q4 FY 2018 wherein the German semiconductor giant expects a quarter-on-quarter revenue growth of 3 percent.
Citing on the financial enclosure, Dr. Reinhard Ploss, CEO of Infineon, stated, “Infineon continues to be on course for success. The dollar has regained some strength and is providing us with an additional tailwind. The automotive business does well. Electro-mobility, in particular, is currently driving growth. Demand is also strong for drives used in industrial machines as well as for our solutions for home and DIY appliances, which are increasingly battery-powered. We expect demand for our products as well as for increasingly high-value integrated solutions to keep growing. As a reliable partner to our customers, we are preparing for this by investing in particular in a new 300-millimeter thin-wafer manufacturing facility for power semiconductors at the Villach site.”
For the 2018 fiscal year as a whole, Infineon expects a year-on-year revenue growth of 6.4 to 7.4 percent.
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