Infineon thrives on high demand from automotive, industrial customers

May 04, 2017 //By Christoph Hammerschmidt
Infineon thrives on high demand from automotive, industrial customers
The favorable market conditions for chipmaker Infineon continued in the second quarter of its fiscal year. In the period ending March 31, the company saw “above-average seasonal revenue growth”; main drivers were customers for automotive, industrial and power products. Infineon boss Reinhard Ploss spoke of “outstanding performance in the automotive sector”.

In a year-on-year comparison, Infineon’s quarterly sales grew by 10% to € 1.77 billion. In the same period, the gross margin climbed from 36.6% to 38%. In the market for automotive electronics that is already characterized by strong growth, Infineon succeeded in increasing its market share – from 10.4 % to 10.7 %, according to market researcher Strategy Analytics. Thus, the Munich-based semiconductor vendor cemented its position as number two in the automotive chip market. The growth has been realized true across all automotive-related product groups, from power semiconductors to sensors and microcontrollers.

In the power segment, Infineon reports about positive response to its first pre-series high-voltage silicon carbide MOSFET. The company provided samples of this component to first customers – which in return placed first firm orders. SiC MOSFETs are said to be a key element for further increase in switching efficiency for motor drives and voltage converters / inverters. Infineon plans to introduce the 1200V SiC MOSFET “soon”; first revenues are expected during the current fiscal year which ends in September.

For the remainder of the year, the chipmaker confirmed its overall revenue target with a growth of 8 to 11 %. Again, the growth in the automotive segment will be above average, Infineon said.

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