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Infineon again with losses

Infineon again with losses

Infineon also made losses in the first quarter of the fiscal year, this time in the amount of 564 million € compared to 882 million € in the previous quarter. The net loss sank to 331 million € (previous quarter 523 million).

In the same period of the previous year the company was able to report a profit of 280 million €. In the first quarter, sales fell year-on-year from € 1.085 billion to € 1.03 billion. In the case of memory products in particular, the loss was reduced by almost 30 percent, with a loss of just € 371 million compared to € 552 million in the previous quarter. The Infineon boss Ulrich Schuhmacher assumes that the worst in the semiconductor market is through. There is already increasing demand in some areas and more stable prices, especially in the storage sector. The entire press release can be read here .