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(Bloomberg) Infineon Technologies AG said manufacturing constraints at its sites in Malaysia and Texas are holding back its ability to grow revenue, despite a global shortage in semiconductors.
(Bloomberg) Infineon Technologies AG said manufacturing constraints at its sites in Malaysia and Texas are holding back its ability to grow revenue, despite a global shortage in semiconductors.
Revenue rose 25% to 2.72 billion euros ($3.2 billion) in the third quarter from a year earlier, the company said in a statement on Tuesday. That compared with the average 2.78 billion-euro estimate of analysts surveyed by Bloomberg.
Automotive and power and sensor systems were primarily affected and the company was only able to increase its sales by 1% from the previous quarter even with heavy demand, Infineon said. Malaysian production capacity was held back by Covid-19-related measures and the company is still dealing with
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