Infineon: Less profit, sales stable despite the crisis

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The Austrian subsidiary almost kept sales last year at EUR 3.109 billion. However, earnings before taxes fell by 36 percent to EUR 306 million. This decline is mainly due to the reduced capacity utilization in production, writes the company. The workforce remained almost stable at 4,517.

Infineon also has a location in Linz-Urfahr, where radar chips for cars and navigation systems are developed. Around 200 people are employed.

It was also a difficult business year for Infineon, but one that ended properly, said Infineon Austria’s CEO Sabine Herlitschka. Although production in the automotive industry has decreased, the company is benefiting from the trend towards e-mobility: New cars are given more chips because they are equipped with more electronic functions. For example, there are 50 Infineon semiconductors in every VW ID.3. Power semiconductors are also used in ventilators in hospitals, for example. In addition, there is increasing digitization, for example in home office and homeschooling, says Herlitschka.

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Source link
https://www.nachrichten.at/wirtschaft/infineon-weniger-gewinn-umsatz-trotz-krise-stabil;art15,3327695

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