Monday, May 9, 2022

Infineon Raises FY22 Outlook On Higher Q2 Results; But Stock Down

German semiconductor company Infineon Technologies AG on Monday raised its fiscal 2022 forecast again after reporting higher second-quarter results on continued strong demand despite global uncertainties. Further, the company projects sequentially higher revenues in the third quarter, but weak segment result margin. Infineon shares were losing around 4 percent in the morning trading in Germany.

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