Better times ahead for semis, says Infineon CFO
Better times are coming for the chip industry, Infineon’s CFO tells German financial newspaper Boersen-Zeitung.
“After two years of stagnation, a recovery is on the horizon for the global semiconductor industry,” CFO Dominik Asam (pictured) told the newspaper.
For Infineon, it means that profits will be up by a fifth over previous forecasts.
“We will most likely earn about 20% more profit than previously planned in the 2013 fiscal year (ending September 30),” said Asam.
Infineon had a goal of getting to Euros 5 billion ($6.8 billion) in sales by 2015, but this is now likely to slip to 2016, said Assam.
The same year Infineon hopes to achieve its operating profit margin of 15%.