
"European Stocks" German chipmaker Infineon turns quarterly loss into profit and raises performance targets for power supply solutions
German chipmaker Infineon announced its fourth-quarter results for the period ending September. The quarterly profit was €231 million, compared to a loss of €84 million in the same period last year. The basic earnings per share for the quarter were €0.18. Quarterly revenue increased by 1% year-on-year to €3.943 billion, with annual revenue of €14.662 billion, compared to market expectations of €14.6 billion.
The company's CEO Jochen Hanebeck stated that there has been a significant increase in demand for AI data center power supply solutions, and the company has raised its sales target for this segment to approximately €1.5 billion for the current fiscal year. He also mentioned that the addressable market size in this field is estimated to be between $8 billion and $12 billion by 2030

