Infineon Gets Windy
Infineon expects 7 – 11% growth this year. For the current quarter it expects ‘mid single-digit growth’ – presumably 5%.
However the current quarter sales of Euros 984 million were down on calendar Q4 revenues of Euros 1.53 billion.
The company has cash of Euros 2.279 billion and net cash (cash less debt) of $2.048 billion.
The company is looking to the UK for some of its growth this year. Infineon is very big in power ICs and these go into windmills. Infineon points out that the UK plans to increase its off-shore wind power capability from 3GW today to 10GW by 2020Tags: infineon