Infineon Sees 2026 Revenue Growth as AI Outlook Boosts Sales [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
NASDAQ:AMEX Investor Relations:
infineon.com/cms/en/about-infineon/investor
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Source: Yahoo! Finance
The German chipmaker sees “moderate revenue growth” in the fiscal year that ends in September and increased its projected sales of power solutions for AI data centers to around €1.5 billion ($1.7 billion), it said in a statement on Wednesday. Most Read from Bloomberg Can a Waterfront Park Wake Up Downtown Seattle? Will the YIMBY ‘Holy Grail' Deliver an LA Building Boom? Jamie Dimon's $4 Billion Fortress HQ Takes On the New York Skyline Demand for AI data centers is helping Infineon weather weak growth prospects in its automotive market, which represents about half of sales. The forecast for the AI business marks an increase of about 50% from its guidance last quarter, when Chief Executive Officer Jochen Hanebeck said revenues from this segment will rise to €1 billion in 2026 from €600 million in the 2025 fiscal year. “Global investment in AI infrastructure is continuing to rise rapidly and we expect considerable growth,” Hanebeck said in the statement. “Growth momentum in
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