Infineon Technologies saw second quarter sales fall 29%
year-on-year, but indicated that it expected an improvement in the
next three months.
“Although visibility still remains limited, Infineon expects group
revenues for the third quarter to increase by approximately 10%
compared to the second quarter,” said the semiconductor
manufacturer.
Earlier this month, Infineon signed an important mobile phone
chip supply deal with Nokia.
Infineon’s net loss of €258m in Q2 was heavily influenced by a
write down of €100m associated with the company’s shareholding in
the troubled memory maker Qimonda, which
filed for insolvency in
January.
This was a considerable improvement on a year ago when the Q2 loss
was €1.9bn.
Net loss from continuing operations for the second quarter was
€150m, an increase on the previous quarter loss.
"In this challenging environment, we further need to have a tight
grip on expenses. Strategically, Infineon is positioned well,” said
Infineon CEO Peter Bauer
Infineon’s revenues in the second quarter were €747m.