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INFINEON TECHNOLOGIES AG

(IFX)
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Infineon CEO: We expect chip prices to rise significantly

09/17/2021 | 05:47am EDT
Ploss, CEO of German semiconductor manufacturer Infineon poses before the company's annual news conference in Neubiberg

VILLACH, Austria (Reuters) - Infineon CEO Reinhard Ploss said on Friday that he expected silicon chip prices to rise significantly, adding that semiconductor makers needed to cover the cost of investments to meet booming demand.

"We expect significant price increases," Ploss told a news conference at an opening ceremony for Infineon's new power-chip plant in Villach, Austria.

Ploss added that Infineon would not sell to the highest bidder at a time when customers were willing to pay astronomical prices. "We are a reliable partner when things go up and when they go down," he told reporters.

(Reporting by Alexandra Schwarz-Goerlich, Writing by Douglas Busvine, Editing by Thomas Escritt)


ę Reuters 2021
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Analyst Recommendations on INFINEON TECHNOLOGIES AG
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Financials
Sales 2021 10 997 M 12 770 M 12 770 M
Net income 2021 1 026 M 1 192 M 1 192 M
Net Debt 2021 3 143 M 3 650 M 3 650 M
P/E ratio 2021 50,0x
Yield 2021 0,64%
Capitalization 50 784 M 58 975 M 58 974 M
EV / Sales 2021 4,90x
EV / Sales 2022 4,30x
Nbr of Employees 46 700
Free-Float 99,6%
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Mean consensus BUY
Number of Analysts 25
Last Close Price 39,03 €
Average target price 42,14 €
Spread / Average Target 7,99%
EPS Revisions
Managers and Directors
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
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