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

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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.