© Reuters. FILE PHOTO: Ploss, CEO of German semiconductor maker Infineon, poses ahead of the company’s annual shareholders meeting in Munich
BERLIN (Reuters) – German chipmaker Infineon (OTC 🙂 on Tuesday raised its forecast for revenue and margins for the current fiscal year, saying demand far exceeded supply and continued to invest in additional capacities.
“The semiconductor market is booming,” said Reinhard Ploss, CEO, as Infineon raised its revenue forecast for the year to September 30 to a midpoint of € 11 billion (13.2 billion billion dollars), while the profit margin is now expected to reach 18%.
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