Infineon Technologies AG (IFNNF) posts all-time high quarterly revenue of EUR4,172 million, driven by booming AI power solutions and broad-based recovery.
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It expects revenue of roughly €16.3 billion for the current fiscal year as the race to build AI infrastructure keeps adding fuel to red-hot semiconductor demand.
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European stock indexes gained in early trade as the continent’s tech stocks followed Asian peers higher.
July 31 (Reuters) - European shares hit a record high on Friday, powered by improving investor appetite for tech shares globally, while corporate earnings buoyed markets through a week of central bank
0014 GMT — Japanese stocks are lower in early trade following overnight drops in U.S. technology stocks. Uncertainty over the Iran conflict is also weighing on the market. Investors are closely watching crude oil prices and developments in the Middle East after Saudi Arabia said it had intercepted drones that Iran-backed militias in Iraq had launched at the kingdom’s oil facilities.
European semiconductor companies started the week in green territory after the Trump administration paused plans to escalate its war in Iran, boosting stocks globally.
Shares of European semiconductor companies were following their Asian peers in green territory, a day after investors shunned stocks linked to artificial intelligence.
The acquired business is expected to produce around €230m in revenue in calendar year 2026.
By Johann M Cherian and Tharuniyaa Lakshmi June 30 (Reuters) - European shares opened higher on Tuesday and were on track for their biggest quarterly rise in more than five years, boosted by optimism
June 22 (Reuters) - European shares were muted at the open on Monday as investors assessed the latest round of U.S.-Iran negotiations for signs of progress toward resuming shipping through the Strait
European stocks defied falls in the U.S. and Asia with banking, retail-focused companies and software stocks rallying. Travel and leisure stocks also gained.
June 2 (Reuters) - European shares opened higher on Tuesday as strong forecasts from chipmaker STMicroelectronics lifted technology stocks, while investors awaited a key inflation report later in the
European stock markets closed higher Friday as the Stoxx Europe 600 rose 0.7%, Germany's DAX 40 clim
By Twesha Dikshit and Avinash P May 14 (Reuters) - European shares closed higher on Thursday, after hitting the highest in a week with a boost from technology stocks, while investors remained cautious
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Infineon Technologies said revenue for the year to the end of September should grow significantly as artificial intelligence fuels demand for semiconductors.
Infineon Technologies raised its full-year guidance on Wednesday as demand for power supply solutions for AI data centers surged and automotive order intake improved, joining a wave of chipmakers benefiting from AI infrastructure spending. The German chipmaker, which provides parts for automotive, power and security systems, posted second-quarter revenue of 3.81 billion euros ($4.47 billion), up 6% from the same quarter a year earlier. Infineon now expects revenue to rise significantly year-on-year for fiscal 2026, up from a previous forecast of moderate growth.
The Japanese companies are exploring a possible merger of their power semiconductor businesses to cope with increasingly fierce international competition.
Japan's Rohm, Toshiba and Mitsubishi Electric will start talks to integrate their power semiconductor businesses to form the world's second-biggest power chip group after Germany's Infineon, the Nikkei newspaper said on Thursday. The talks could complicate rival Denso's bid to acquire Rohm, after the Toyota Motor group supplier earlier this month approached the chipmaker about a potential buyout.
Germany's Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros ($2.5 billion), has hired Morgan Stanley to advise on the process, the people said, requesting anonymity because the deliberations are confidential. Elmos and Morgan Stanley declined to comment.
Europe's semiconductor industry must invest in more automated and larger 300-millimeter wafer fabs to counter growing competition from Chinese rivals in power and analog chips, an Infineon Technologies executive said last Friday. Speaking at a conference for semiconductor industry executives in Poland, Thomas Altenmueller, Vice President Manufacturing Analytics at Infineon, said that Chinese manufacturers were rapidly gaining capacity and expertise in areas historically dominated by European chipmakers. Altenmueller said the shift toward power and analog chips by Chinese companies was pushed by export restrictions on more advanced semiconductor tools like ASML's EUV lithography machines.