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Citi: Infineon's Results Indicate Weak Demand for Automotive and Industrial Chips
1 week ago /
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Author：小编
Citi analysts noted in a research report that Infineon Technologies' data for the fourth fiscal quarter showed weak demand for semiconductors from automotive and industrial customers. The German chipmaker's automotive business saw a 2% year-on-year decline in sales to €1.92 billion in the three months ending in September; sales in the green industrial power segment fell by 8% to €463 million. Infineon's CEO, Jochen Hanebeck, stated that the momentum in the automotive and industrial sectors remains moderate due to cautious customer attitudes.
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