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Infineon hit by chip shortages
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Douglas Busvine
4 minute read
A close-up of a the Infineon microcontroller kit XMC 4700 is pictured at an exhibition during the German semiconductor manufacturer Infineon s annual shareholder meeting in Munich, February 21, 2019. REUTERS/Andreas Gebert/File Photo
Summary
Car industry faces acute supply limitations - CEO
Automotive and power/sensor divisions weigh on Q3 revenue
German car industry faces worst chip crunch in 30 years-Ifo
Shares down 1.4%
BERLIN, Aug 3 (Reuters) - Chipmaker Infineon Technologies (IFXGn.DE) said on Tuesday that production outages at two of its plants had hit deliveries to core automotive clients, as the German car industry battles the worst supply crunch in three decades.
German shares close 0 16 pct higher
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