Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

INFINEON TECHNOLOGIES AG

(IFX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Infineon Technologies : opens Austria plant early in chip capacity boost

09/17/2021 | 07:56am EDT
FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach

VILLACH, Austria (Reuters) - Germany's Infineon opened a 1.6 billion euro ($1.9 billion) plant in Austria on Friday, boosting its ability to supply power chips for cars, data centres and renewable power.

Infineon is adding capacity as global semiconductor supply chains remain under extreme stress, with most leading carmakers being forced to idle production due to chip shortages.

The Villach factory, ready three months early, will make chips on 300 mm wafers thinner than a human hair, operating in tandem as a 'megafab' with an existing German plant in Dresden.

"Our timing in adding new capacity couldn't be better, considering growing demand for power-management semiconductors," CEO Reinhard Ploss said before an opening ceremony with Austrian Chancellor Sebastian Kurz and EU Commissioner Thierry Breton.

Ploss said that Infineon would not gouge buyers currently willing to pay astronomical prices, but it did need to defray the investment costs it faces to meet booming demand. "We expect significant price increases," he told reporters.

Infineon has raised its forecast of revenues from Villach to 2 billion euros from 1.8 billion, which reflected higher selling prices rather than increased volumes. The Dresden-Villach megafab could generate combined revenue of 5 billion euros.

Munich-based Infineon, the leading supplier to the auto industry, has itself faced problems meeting delivery commitments after a winter storm knocked out a plant in the United States and coronavirus lockdowns disrupted operations in Malaysia.

The extra production of specialist power chips in Villach will serve growing demand for electric vehicles, datacenters and wind and solar power facilities.

But it will not immediately ease the broader semiconductor crunch, where Infineon has struggled with bottlenecks in "back-end" facilities where chips are packaged into final products.

Ploss declined to be drawn on Infineon's investment plans, saying that at its projected long-term growth rate in revenue of 9% "now and again you are going to need a new factory".

The higher labour content in back-end production meant that Infineon would likely focus on lower-cost centres such as Southeast Asia and Mexico where it is already present rather than new European plants, operations chief Jochen Hanebeck said.

($1 = 0.8490 euros)

(This story corrects spelling of CEO's first name, paragraph 4)

(Reporting by Alexandra Schwarz-Goerlich; Writing by Douglas Busvine; Editing by Alexander Smith)

By Alexandra Schwarz-Goerlich


ę Reuters 2021
All news about INFINEON TECHNOLOGIES AG
02:56aINFINEON TECHNOLOGIES : introduces next-generation automotive security controller SLI37
PU
10/25INFINEON TECHNOLOGIES : Achieves GUINNESS WORLD RECORDS™ Title With Dependable Elect..
BU
10/25INFINEON TECHNOLOGIES : enables highly integrated USB Type-C charger unification
PU
10/21INFINEON TECHNOLOGIES : and Rainforest Connection create real-time monitoring system to de..
PU
10/21BORGWARNER : Gets $5 Million US Department of Energy Contract to Develop Advanced Inverter..
MT
10/21Infineon Technologies AG and Picovoice Collaborate to Jointly Develop an End-To-End Voi..
CI
10/21INFINEON TECHNOLOGIES : simplifies secure IoT device-to-cloud authentication with CIRRENT&..
PU
10/20INFINEON TECHNOLOGIES : and Picovoice collaborate to bring AI to next generation IoT devic..
PU
10/20INFINEON TECHNOLOGIES : launches a new SECORA™ Pay portfolio on 40 nm technology wit..
PU
10/20'THEY'LL HAVE TO PAY' : Malaysia chip crunch triggers new era in supply deals
RE
More news
Analyst Recommendations on INFINEON TECHNOLOGIES AG
More recommendations
Financials
Sales 2021 10 997 M 12 758 M 12 758 M
Net income 2021 1 026 M 1 191 M 1 191 M
Net Debt 2021 3 143 M 3 647 M 3 647 M
P/E ratio 2021 50,3x
Yield 2021 0,63%
Capitalization 51 077 M 59 219 M 59 258 M
EV / Sales 2021 4,93x
EV / Sales 2022 4,32x
Nbr of Employees 46 700
Free-Float 99,6%
Chart INFINEON TECHNOLOGIES AG
Duration : Period :
Infineon Technologies AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INFINEON TECHNOLOGIES AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 39,25 €
Average target price 42,14 €
Spread / Average Target 7,37%
EPS Revisions
Managers and Directors
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
INFINEON TECHNOLOGIES AG25.04%58 975
NVIDIA CORPORATION89.33%578 223
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED13.02%551 394
BROADCOM INC.19.23%214 893
INTEL CORPORATION-3.09%200 950
TEXAS INSTRUMENTS21.98%184 827