Clone of Infineon speeds capacity expansion amidst strong order entry
The company generated sales of € 1.836 million, 4% more than in the second quarter of the previous year. Earnings per share rose disproportionately strongly: from € 0.18 to € 0.40. For the 2018 fiscal year, Infineon CEO Reinhard Ploss now expects sales to increase by 4 to 7%. The sale of the high-frequency power components business to Cree will result in a consolidated profit of well over €1 billion.
Ploss explained that the company’s growth comes from four sources. Drive solutions for all types of electric vehicles, including 48-volt systems, high-speed trains and renewable power generation. In addition, Infineon is registering a growing demand for the power supply of data centers for artificial intelligence. « Our order books are full to bursting, » Ploss explained. In response to the strong order intake, Infineon intends to accelerate its capacity expansion. The chip manufacturer has earmarked €1.2 billion for this purpose, some €100 million more than previously planned.
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