Infineon Raises Sales Forecast "Semiconductor Supply Shortage to Persist This Year"

[Photo by Reuters Yonhap News]

[Asia Economy Reporter Park Byung-hee] Infineon, Europe's largest semiconductor manufacturer, has raised its sales forecast for this year, anticipating a continued semiconductor supply shortage, major foreign media reported on the 3rd (local time).

In its Q4 report (Infineon's fiscal Q1) last year, Infineon stated, "Semiconductor demand currently exceeds supply," adding, "Thanks to electrification and digitalization, we can continuously raise market targets." Infineon also added, "We expect semiconductor supply to remain insufficient in some industries this year."

Infineon expects its annual sales to increase from €11.06 billion last year to €13 billion this year. The sales forecast for this year was revised upward by €300 million from the previous €12.7 billion. Market experts analyzed that Infineon is particularly benefiting from automakers' transition to electric vehicles.

However, Infineon noted that COVID-19 remains a variable. If China strengthens lockdown measures due to COVID-19, it could impact Infineon's suppliers in China and ultimately disrupt Infineon's production.

Infineon's net profit for Q4 last year was €457 million. Although this was a slight decrease from Q3 last year’s $406 million, it was a significant increase compared to €256 million in Q4 2020.

Infineon announced that it will increase its investment scale from €1.6 billion last year to €2.4 billion this year.

This content was produced with the assistance of AI translation services.