Good news from German industry: chip and semiconductor manufacturer Infineon has posted a record turnover.
The technology group based in Neubiberg near Munich increased its revenues by 13 percent year-on-year to 4.2 billion euros in the third fiscal quarter, according to dpa. Profit also developed very positively, rising by 39 percent to 423 million euros.
The market environment has improved and the upturn is in full swing, said CEO Jochen Hanebeck. "More and more of our target markets are showing a positive trend," he stressed.
Demand remains particularly strong for power supply solutions for AI data centres, which the manager described as the most important growth driver. The company is also benefiting from rising investment in network infrastructure worldwide. Orders in the automotive business are also picking up noticeably.
Key growth drivers: cars and AI
