Infineon boosts investment to meet demand from AI data centres [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Yahoo! Finance
two-thirds ?to 2.5 billion euros ($2.96 billion) in its 2027 fiscal year, as ?it raises planned investments to meet demand. Infineon is aiming for a chip revenue target of 1.5 billion euros for its current 2026 fiscal year that began on October ?1. To meet the anticipated ?demand, the company increased its planned investments for its 2026 fiscal year by roughly ?500 million euros, to 2.7 billion euros, to expand the manufacturing capacity for data centre power supplies. "To serve our customers in ?the best possible way, we are aligning our ?manufacturing capacity to meet further rising demand and are bringing forward our investments in this area," said CEO Jochen Hanebeck on Wednesday. Infineon also reported group first quarter revenue of 3.66 billion euros, slightly above the 3.62 billion ?euros expected in a poll ?of analysts by Vara Research published ?on January 27. Revenue for its power and sensor systems segment was down 3%, at 1.17 ?billion euros, compared ?with the p
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