The bullish outlook from a company that claims to be the world’s sixth largest chipmaker, was reinforced by CEO Ulrich Schumacher who told the Wall Street Journal: We are aiming for profitability in the next quarter. Barring any negative outside influences, I think it’s a goal we should be able to reach.
Infineon has been mired in losses selling memory at less than the cost of production and its latest figures reflect a depressed market.
In the third quarter to June 30, the net loss was 116m euros ($131.6m), up from a loss of 76m euros ($86.2m) on revenue 11.4% higher at 1.47bn euros ($1.67bn. For the nine months, the loss was 484m euros ($549.1m), down from a loss of 515m euros ($584.3m) on revenue that increased 21.9% to 4.39bn ($4.98bn).
Sales are not a problem for the Munich, Germany company. In its latest quarter, wireline communications product showed 17% growth, mobile communications rose 18%, the automotive and industrial sector increased 14% and even memory products managed a 4% increase.
Sequentially however, memory product sales have fallen back 7% but Infineon said it has seen continuing growing demand and steadily increasing prices since the beginning of June.
Source: Computerwire
