Dr Reinhard Ploss – Infineon
Infineon has reported calendar Q1 revenue up by €355m from €1,128m to €1,483m due to the consolidation of International Rectifier, increased demand for chip card and security products and positive currency development.
Profit was up from €169m to €198m, with a reduced margin from 15% to 13.4%.
“The signals we are receiving from our markets are generally positive. We are making good progress with the integration of International Rectifier. Our strategy is paying off and Infineon remains on a growth path,” said Infineon CEO Reinhard Ploss.
Infineon expects 2015 capex of €800m including €60m to €70m for bringing the plant in Kulim, Malaysia, into volume production and €21m for the purchase of Qimonda patents from the insolvency administrator.
The outlook for Q2 is quarter-on-quarter revenue growth of between 7% and 11%, with a margin of 15%.
from News http://ift.tt/1FMffCI
via Yuichun
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