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Top related persons:
Robert Habeck - 2 Annalena Baerbock's - 2 Annegret - 2 Jochen Hanebeck - 2 China's Cherry - 2 Infineon's - 2 Miranda Murray - 2 Christina Amann - 2
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Dresden Germany Malaysia Villach Austria BERLIN electromobility Refinitiv
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Infineon Technologies - 2 REUTERS - 2 Infineon - 2 Semiconductor - 2 SAIC - 2 Thomson - 2 Lang - 1 AMD - 1

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☆ Infineon boosts Malaysia investment as Q3 revenue above forecast
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
For the full year, Infineon expects investments amounting to approximately 3 billion euros. The planned expansion of the Kulim fab is backed by customer commitments covering about 5 billion euros and about 1 billion euros in pre-payments, said Infineon, which said it would invest up to an additional 5 billion euros over the next five years. The company expects the expanded facility - together with its plant in Villach, Austria - to generate annual revenues of 7 billion euros. The company on Thursday confirmed its revenue outlook of around 16.2 billion euros, which it had raised in May. Infineon's third-quarter adjusted, or "segment", result was down 10% from the previous quarter at 1.067 billion euros, while its margin came in slightly lower than expected, at 26.1%.
Persons: Robert Habeck, Annalena Baerbock's, Annegret, Schwarz, Jochen Hanebeck, Ford, China's Cherry, Infineon's, Miranda Murray, Christina Amann, Friederike Heine, William Mallard Organizations: Infineon Technologies, REUTERS, Infineon, Lang, Semiconductor, SAIC, Thomson Locations: Dresden, Germany, Malaysia, BERLIN, electromobility, Villach, Austria
☆ Infineon shares slump on Q4 warning, eyes Malaysia expansion
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +3 min
Infineon forecast revenue of around 4 billion euros ($4.37 billion) in the fourth quarter, below expectations of 4.14 billion euros, according to IBES data from Refinitiv. The company, however, confirmed its revenue outlook of around 16.2 billion euros, which it had raised in May. Infineon's third-quarter adjusted result was down 10% from the previous quarter at 1.067 billion euros, while its margin came in slightly lower than expected, at 26.1%. MALAYSIA FACTORYInfineon said it will invest 5 billion euros over the next five years to build a power chip plant in Malaysia, on top of the 2 billion euros investment it had planned last year. For the full year, Infineon expects investments amounting to approximately 3 billion euros.
Persons: Robert Habeck, Annalena Baerbock's, Annegret, Gartner, Jochen Hanebeck, Infineon's, China's Cherry, Miranda Murray, Christina Amann, Friederike Heine, William Mallard, Kim Coghill Organizations: Infineon Technologies, REUTERS, Infineon, AMD, Qualcomm, JPMorgan, Semiconductor, MALAYSIA, Ford, SAIC, Thomson Locations: Dresden, Germany, Malaysia, Refinitiv, Infineon's, Villach, Austria, German
☆ Factbox: Chipmakers' plans for factories in Europe, US and Asia
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
[1/3] The logo of semiconductor manufacturer Infineon is seen in Villach, Austria, June 3, 2018. The European Commission has earmarked 15 billion euros for public and private semiconductor projects by 2030, while U.S. President Joe Biden's administration passed the CHIPS Act last year to make over $52-billion worth of subsidies available for the American semiconductor industry. The Act deters companies using U.S. funds from undertaking any big expansions of overseas semiconductor manufacturing facilities in "countries of concern" such as China for 10 years, with some exceptions. India, Taiwan and South Korea have also offered incentives such as tax breaks to boost domestic chip production. Below are some of the chipmakers' plans for factories in Europe, North America and Asia:NORTH AMERICAEUROPEASIAReporting by Antonis Pothitos in Gdansk, Tiyashi Datta, Chavi Mehta and Aditya Soni in Bengaluru; editing by Josephine Mason, Mark Potter and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
☆ Factbox: Chipmakers' plans for factories in Europe
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +2 min
Under the European Chips Act, the European Commission earmarked early last year a total of 15 billion euros ($16 billion) for public and private semiconductor projects by 2030. Below are some of the chipmakers' plans for factories in Europe, in alphabetical order:Infineon (IFXGn.DE):The maker of chips used in cars and data won approval to begin work on a 5 billion euro semiconductor plant in the German city of Dresden, it said on Feb. 16. Intel (INTC.O):In March 2022, Intel picked the German city of Magdeburg as the site for its new mega chip manufacturing complex, a key part of its $88 billion investment drive across Europe. STMicroelectronics (STM.BN):The Franco-Italian company said in October it plans to build a 730 million euro silicon carbide wafer plant in Italy. It also announced plans in July to build a semiconductor factory in France in partnership with GlobalFoundries (GFS.O).
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