Feeds

Infineon Q3 sales slump 30%

It's the puff-ball skirt of the chip market

  • alert
  • submit to reddit

Infineon expects to report a pre-tax loss as high as $512 million (600 million euros) for its Q3.

Chip price crashes, excess inventories, and slow mobile-phone sales have caused its sales to fall by 30 per cent in the quarter ending 30 June.

Infineon will slash capital expenditure by one billion euros ($850 million) in its next financial year. It is also freezing recruitment and not replacing any staff when they leave.

Chief Executive Ulrich Schumacher said he expects the company will make a loss in Q4 as well. ®

Related Story

Chip gloom deepens - sales may now fall 28% this year

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.