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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