Infineon hit by 7% down quarter

Infineon’s calendar Q4 saw sales of €1.916 billion representing a q-o-q sales decline of 7% and a y-o-y decline of 3%. Profit was €297 million. The book-to-bill ratio was close to 1 for the December quarter after 0.8 for one quarter earlier.  “Cyclical pressures appear to be easing; the worst is probably behind us,” says CEO ...

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