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Revenue was €3.702 billion, but the market environment outside automotive remains weak.
February 15, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Infineon Technologies AG is reporting results for the first quarter of the 2024 fiscal year, ending Dec. 31, 2023. Infineon reported Q1 FY 2024 revenue of €3.702 billion, segment result €831 million, and segment result margin of 22.4%. “In the prevailing difficult macroeconomic climate, Infineon is proving robust,” says Jochen Hanebeck, CEO of Infineon. “In consumer, communication, computing and IoT applications, we are not anticipating a noticeable recovery in demand unt...
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