Infineon Raises Full-Yr Steering

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BERLIN (Reuters) – German chipmaker Infineon raised its full-year steering for revenues and profitability on Thursday, citing sturdy demand from the electromobility, renewable vitality technology and vitality infrastructure sectors.

It now sees full-year revenues of 16.2 billion euros ($17.96 billion)- plus or minus 300 million – in contrast with its earlier forecast for 15.5 billion.

(Reporting by Maria Sheahan, modifying by Kirsti Knolle)

Copyright 2023 Thomson Reuters.



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