{"id":33673,"date":"2023-05-04T06:16:02","date_gmt":"2023-05-04T06:16:02","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/infineon-raises-full-year-guidance\/"},"modified":"2023-05-04T08:21:08","modified_gmt":"2023-05-04T08:21:08","slug":"infineon-raises-full-year-guidance","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/infineon-raises-full-year-guidance\/","title":{"rendered":"Infineon raises full-year guidance"},"content":{"rendered":"<p>BERLIN (Reuters) -German chipmaker Infineon raised its full-year guidance on Thursday, citing strong demand from the electromobility, renewable energy generation and energy infrastructure sectors.<\/p>\n<p>&#8220;Although an improvement in consumer goods markets such as smartphones, PCs and home appliances is not yet visible, we are nevertheless very confident overall about Infineon&#8217;s future business performance,&#8221; Chief Executive Jochen Hanebeck said.<\/p>\n<p>Infineon now sees full-year revenues of 16.2 billion euros  ($17.96 billion)- plus or minus 300 million &#8211; compared with its previous forecast for 15.5 billion and with analyst consensus for 16.1 billion.<\/p>\n<p>The group, whose chips are used in cars and data centres, had in February already lifted its full-year forecast on strong demand from carmakers, which are restocking inventories following a global chip glut, leading to higher prices.<\/p>\n<p>Shares in Infineon rose 1% in early Frankfurt trade.<\/p>\n<p>($1 = 0.9021 euros)<\/p>\n<p> (Reporting by Maria Sheahan, editing by Kirsti Knolle)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/infineon-raises-full-year-guidance\/a-general-view-of-infineon-technologies-before-a-ceremony-for-2\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ43040-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ43040-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN (Reuters) -German chipmaker Infineon raised its full-year guidance on Thursday, citing strong demand from the electromobility, renewable energy generation and energy infrastructure sectors. &#8220;Although an improvement in consumer goods markets such as smartphones, PCs and home appliances is not yet visible, we are nevertheless very confident overall about Infineon&#8217;s future business performance,&#8221; Chief Executive [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":33674,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[],"class_list":["post-33673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ43040-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=33673"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33673\/revisions"}],"predecessor-version":[{"id":33675,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33673\/revisions\/33675"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/33674"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=33673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=33673"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=33673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}