Reported 1 day ago
Infineon, the German chipmaker, has raised its revenue outlook for the fiscal year after reporting better-than-expected results for the first quarter. Despite a decline in revenue of 8% to 3.4 billion euros, the fall was not as severe as anticipated, prompting Infineon to predict flat to slightly increased revenue for the year ending September 2025, adjusting expectations from an earlier forecast of a slight decline. CEO Jochen Hanebeck noted the company's resilience in a challenging market.
Source: YAHOO