Chip maker Infineon has tripled profits. According to him, the crisis will continue

Thanks to strong demand, the German chip manufacturer Infineon more than tripled its profit to 1.17 billion euros (almost 30 billion crowns) in the past financial year and achieved record sales. The company announced it today. She also predicted that the global shortage of chips would continue next year.

The company’s revenue for the fiscal year ended September 30 rose 29 percent to more than 11 billion euros. “We are stronger than ever and our full-year sales have exceeded 11 billion euros for the first time,” said Reinhard Ploss, head of the company. “We are significantly increasing our investments to take advantage of growth opportunities,” he added.

Infineon announced last month that it will increase investments to around 2.4 billion euros next year from around 1.6 billion this year. “Demand far exceeds supply,” Ploss said today. According to him, the lack of chips will continue for a large part of next year.

Infineon is one of the leading suppliers of chips for the automotive sector, which accounts for about 40 percent of its total sales. Chips are becoming an increasingly important part of cars and their global shortage is now limiting the production of the automotive industry worldwide, including the Czech Republic.

Lack of products and raw materials

Source: by

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