Xinhua
10 Nov 2021, 21:37 GMT+10
BERLIN, Nov. 10 (Xinhua) -- Revenues of Infineon increased to around 3 billion euros (3.5 billion U.S. dollars) in the company's fourth quarter (Q4) of fiscal year 2021, growing 10 percent on the preceding quarter and even 21 percent on the previous year, the company announced on Wednesday.
Operating profit of Infineon in Q4 which ended in September rose to 478 million euros, after 347 million euros in the previous quarter, according to the German chipmaker.
"Infineon has closed the 2021 fiscal year with an outstanding fourth quarter," said CEO Reinhard Ploss. For the first time, the company reported revenues of more than 11 billion euros for a full fiscal year.
Growth was driven by seasonally strong upturn in demand in the segment power and sensor systems (PSS), according to the German chipmaker. The automotive (ATV) and connected secure systems (CSS) segments also recorded higher revenues.
China accounted for 38 percent of the company's revenues, making it the biggest single market for Infineon, while the Europe, Middle East and Africa (EMEA) region generated 25 percent of total revenues.
Infineon is expecting revenues to continue to climb to more than 12 billion euros in the coming fiscal year. "In light of the continued high demand for semiconductors needed for the energy-efficient, connected world, we expect the 2022 fiscal year to be a strong one," said Ploss. (1 euro = 1.16 U.S. dollars)
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationNEW YORK, New York - U.S. stock markets fell Friday as President Donald Trump launched an extraordinary attack on the European Union,...
SAN FRANCISCO, California: Levi Strauss is parting ways with Dockers. The denim giant announced this week that it will sell the Dockers...
OTTAWA, Canada: Canada's inflation picture became more complicated in April, with headline inflation easing but core measures ticking...
NEW YORK, New York - U.S. stocks had a volatile day on Thursday after the House of Representatives narrowly passed President Donald...
ATLANTA, Georgia: Home Depot plans to hold prices steady despite the added strain of tariffs, the company said, but warned that some...
WASHINGTON, D.C.: The U.S. Department of Justice dropped a lawsuit last week against Southwest Airlines. The lawsuit, filed near the...
BEIJING, China: Huawei has launched its first laptops running on its proprietary HarmonyOS, marking a significant step in its effort...
TOKYO, Japan: Nissan is reportedly considering shutting down two car assembly plants in Japan and several overseas factories, including...
BEIJING, China: China's sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially...
MOSCOW, Russia: Russia has sentenced a 33-year-old Australian man to 13 years in a high-security prison for fighting with Ukrainian...
TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...
TOKYO, Japan: Honda is shifting gears on its electric vehicle (EV) strategy, opting to prioritize hybrids as demand for full battery-powered...