7 May 2024

German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak (Bloomberg)

Bloomberg:
German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak  —  - Revenue projected to fall to €14.7 billion from €15.5 billion  — Demand from carmakers is growing at slower rate than expected

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