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Infineon reports better-than-expected 2023 revenue on semiconductor demand
2023.11.15 02:03
© Reuters. FILE PHOTO: Infineon Technologies AG logo is seen during German Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock’s visit, in Dresden, Germany July 13, 2023. REUTERS/Annegret Hilse/File Photo
BERLIN (Reuters) – German chip manufacturer Infineon (OTC:) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as it said the appetite for semiconductors remains unabated.
Revenue was 16.31 billion euros ($17.72 billion), up 15% from the year before, slightly beating company-provided analyst expectations of 16.22 billion euros.
($1 = 0.9198 euros)
