Automotive Growth Pushes Infineon Into Top 10

First SiC products received well by market

Sally Ward-Foxton, May. 08, 2017 – 

LONDON - Growth in automotive IC sales in the calendar first quarter propelled Germany's Infineon AG into the top 10 in chip sales worldwide. Infineon, which also enjoyed growth in industrial and power products, ranked 10th worldwide among semiconductor vendors, edging out Taiwan's MediaTek, according to market research firm IC Insights Inc. 

Infineon last week reported sales of 1.77 billion euro (about $1.93 billion) for the quarter ended March 31, representing growth of 7 percent compared to the previous quarter and an increase of 10 percent year on year. 

"Business at present is running extremely well, in the first quarter the market for Infineon developed very encouragingly and the trend continued from January to March," said Infineon's CEO, Reinhard Ploss. "The order situation is excellent and exceeds our early expectations. Against this backdrop, at the end of March we raised our forecast for earnings and revenue."

 Back