German chipmaker Infineon Technologies AG on Tuesday maintained its full-year re...
FILE PHOTO: A close-up of a the Infineon microcontroller kit XMC 4700 is pictured at an exhibition during the German semiconductor manufacturer Infineon's annual shareholder meeting in Munich, February 21, 2019. REUTERS/Andreas Gebert/File Photo
The company that makes power chips used in cars, server farms and smartphones still expects revenue of 8 billion euros , plus or minus 2 percent, in the year to Sept. 30. That would represent a 5 percent gain from a year earlier. “The boom is over for the time being, the momentum in demand has weakened,” Chief Executive Reinhard Ploss said in a statement, adding that management had taken cost-cutting steps, while pressing ahead with strategic investment projects.
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