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Infineon forecasts €11bn FY

Infineon forecasts €11bn FY Infineon had calendar Q2 revenues of  €2.722 billion for a profit of €496 million; a margin of 18.2% and free cash flow of €477 million. The outlook for calendar Q3 is for revenues of around €2.9 billion at a margin of around 19%. Revenue for the full fiscal year to the end of March 2022 is predicted at about €11 billion with a margin of 11%. Investments are  expected to be approximately €1.6 billion. Free cash flow is anticipated to come in around €1.5 billion “Demand for semiconductors is unbroken, as they play a key role in enabling the energy transition and digitalization. Currently, however, the market is faced with an extremely tight supply situation,” said CEO Dr. Reinhard Ploss (pictured) “inventories are at a historic low; our chips are being shipped from our fabs straight into the end applications. Under these circumstances, any pandemic- related restrictions on manufacturing, such as those recently imposed in Malay

Global Compound Semiconductor Market Growth Analysis in Semiconductors Industry | Discover Company Insights in Technavio

Global Compound Semiconductor Market Growth Analysis in Semiconductors Industry | Discover Company Insights in Technavio 120-Pages and TOC Analyze the Market by the End-user (Consumer electronics, Communications, Defense and aerospace, Automotive, and Others), Type (GaAs, GaN, SiC, and Others), and Geography (APAC, North America, Europe, South America, and MEA) News provided by Share this article Share this article NEW YORK, July 23, 2021 /PRNewswire/  The global compound semiconductor market is expected to grow by USD 11.53 billion, progressing a CAGR of 6.33% during 2021-2025, according to Technavio s latest market report. Based on our research, the Semiconductors sector witnessed a Mixed impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.

TOP NEWS SUMMARY: Saudi Aramco reports 30% rise in quarterly income

TOP NEWS SUMMARY: Saudi Aramco reports 30% rise in quarterly income Tue, 4th May 2021 10:58 (Alliance News) - The following is a summary of top news stories Tuesday. COMPANIES Saudi Arabian Oil Co said income grew by almost a third in the first quarter of 2021. Aramco, based in Dhahran, said net income was USD21.7 billion for the first quarter of 2021, a 30% increase from USD16.7 billion a year prior, primarily driven by a stronger oil market and higher refining and chemicals margins, partly offset by lower production. Saudi Aramco reported average total hydrocarbon production of 11.5 million barrels per day of oil equivalent in the first quarter of 2021, including 8.6 million barrels per day of crude oil. Cash flow from operating activities and free cash flow was USD26.5 billion and UDS18.3 billion, respectively, in the first quarter, while first quarter capital expenditure stood at USD8.2 billion. The company declared a dividend of USD18.8 billion for the first quarter, to be p

Evertiq - Infinion brings production start in Villach forward

Infinion brings production start in Villach forward Revenue for the three-month period increased from EUR 2,490 million to EUR 2,631 million quarter-on-quarter, with all segments contributing to the 6 percent growth despite the weaker US dollar, the manufacturer states in their latest fiscal. “Infineon has made a good start to the new fiscal year. Despite headwinds from a weak US dollar, we recorded significant increases in both revenue and earnings in the first quarter. In addition to the economic recovery in some regions, we continue to benefit from the digitalization push affecting all areas of life. Semiconductors are needed more than ever,” said Dr. Reinhard Ploss, CEO of Infineon. We are monitoring ongoing risks closely. Nevertheless, in view of dynamic ordering momentum and manufacturing plants running at good utilization rates in the majority of product areas, we are making a slight upward adjustment to our outlook for the full year. We are increasing our investments i

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