Stefan Mileschin

Chip shortage will continue into next year

Infineon lifted its revenue forecast for 2022 as it predicted that a global shortage of semiconductors will continue well into the current year.

In publishing its first-quarter financial results the outfit said that semiconductor demand was outstripping supply.

"Electrification and digitalisation continue to drive substantial growth in our target markets. We expect the supply situation in some application areas to remain tight well into the current calendar year," it said.

The leading supplier of chips to the auto industry is benefiting from a tailwind as more carmakers shift to electric vehicles, along with demand for chips used in consumer appliances and industrial equipment.

The German company now sees its 2022 revenues rising to around 13 billion euros from 11.06 billion in 2021, having previously predicted full-year revenues of 12.7 billion.

Infineon's full-year revenue forecasts include a range of plus or minus 500 million euros.

https://fudzilla.com/news/54318-infi...-revenue-boost