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

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.