The chips are practically ripped out of Infineon’s hands, but the company has difficulties in meeting the demand. In the end, despite the boom, there is only a tiny increase in sales.
The semiconductor company Infineon is benefiting from the ongoing chip boom, but is being slowed down by Corona and other problems.
In the past quarter, among other things, pandemic-related restrictions on production in Melaka (Malaysia) and the aftermath of a winter storm in Austin (USA), as the company announced on Tuesday. In the past third fiscal quarter from April to June, sales and profits increased only moderately despite high global demand.
Overall, sales rose by only 22 million to 2.722 billion euros compared to the previous quarter. The profit grew from 209 million to 245 million euros.
“The demand for semiconductors is unbroken,” emphasized Infineon boss Reinhard Ploss. On the other hand, the delivery situation is still very tense. “The inventories are at an all-time low, our chips go straight from production to end use,” said Ploss. «Weigh in this environment
Production restrictions caused by pandemics, like recently in Malaysia, are doubly difficult, ”said the Infineon boss. Do everything possible at all stages of the value chain to supply customers. “In addition, we continuously ensure additional capacities.”
In the current quarter, Infineon expects business to run smoothly again, a stronger increase in sales to 2.9 billion euros and a slightly higher margin. On the stock exchange, the numbers and the management’s outlook were received with skepticism. After a strong start to the week, the Infineon share went down after the start of trading on Tuesday. The share was one of the biggest losers in the Dax in the morning.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
