Infineon announces strong second quarter

Infineon Technologies, a manufacturer of semiconductor and system solutions, has reported better-than-expected second-quarter revenues.

The company expects to see revenues rise sequentially by around 10 per cent for the second quarter and a segment-result margin of just over 10 per cent for the quarter just ended.

In the third quarter of the current financial year, Infineon predicts continuing growth in revenues and a significant increase in the segment result.