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MarketScreener Homepage  >  Equities  >  Xetra  >  Infineon Technologies AG    IFX   DE0006231004

INFINEON TECHNOLOGIES AG

(IFX)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/15 03:58:00 pm
33.65 EUR   -1.98%
01/14INFINEON TECHNOLOGIES AG : Barclays reaffirms its Neutral rating
MD
01/13INFINEON TECHNOLOGIES AG : UBS reiterates its Buy rating
MD
01/13INFINEON TECHNOLOGIES AG : Bernstein keeps its Buy rating
MD
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Infineon insulated from U.S.-China tensions: CEO

11/18/2020 | 02:35pm EST
FILE PHOTO: Ploss, CEO of German semiconductor manufacturer Infineon poses before the company's annual shareholder meeting in Munich

BERLIN (Reuters) - German chipmaker Infineon Technologies is relatively well insulated from geopolitical tensions between the United States and China thanks to its focus on power-management chips, CEO Reinhard Ploss said on Wednesday.

Outgoing U.S. President Donald Trump's administration has imposed trade curbs on Chinese telecoms equipment and smartphone maker Huawei [HWT.UL], seeking to hobble its ability to equip next-generation 5G mobile networks.

Although Infineon is a Huawei supplier, its main power-management products tie it more to China's broad industrial development than to 5G, Ploss told the Morgan Stanley European Technology, Media and Telecoms conference.

"We think we can still compete quite nicely," Ploss told the online event, adding that Infineon's development roadmap for the coming years was "very healthy".

Infineon makes more than two-fifths of revenue in the auto industry, where a recovery in China contrasts with a wider global industry slump. It strengthened its autos presence with the $10 billion takeover of Cypress Technologies last year.

Infineon did face growing competition from China-based power-management chipmakers, Ploss said. While it was confident of its position in the profitable premium segment, Infineon did need to defend its position in commoditised parts of the market.

"We need to compete here because you don't want to let these markets go," said Ploss, warning the alternative would be to "get eaten up by the competition Pacman".

(Reporting by Douglas Busvine; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
INFINEON TECHNOLOGIES AG -1.92% 33.67 Delayed Quote.7.26%
MORGAN STANLEY -1.61% 75.24 Delayed Quote.11.59%
All news about INFINEON TECHNOLOGIES AG
01/14INFINEON TECHNOLOGIES AG : Barclays reaffirms its Neutral rating
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01/13INFINEON TECHNOLOGIES AG : UBS reiterates its Buy rating
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01/13INFINEON TECHNOLOGIES AG : Bernstein keeps its Buy rating
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More news
Financials
Sales 2021 10 614 M 12 822 M 12 822 M
Net income 2021 953 M 1 151 M 1 151 M
Net Debt 2021 3 724 M 4 498 M 4 498 M
P/E ratio 2021 46,3x
Yield 2021 0,79%
Capitalization 43 794 M 52 948 M 52 903 M
EV / Sales 2021 4,48x
EV / Sales 2022 3,99x
Nbr of Employees 46 700
Free-Float 99,6%
Chart INFINEON TECHNOLOGIES AG
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Infineon Technologies AG Technical Analysis Chart | IFX | DE0006231004 | MarketScreener
Technical analysis trends INFINEON TECHNOLOGIES AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 30,71 €
Last Close Price 34,33 €
Spread / Highest target 16,5%
Spread / Average Target -10,5%
Spread / Lowest Target -50,5%
EPS Revisions
Managers and Directors
NameTitle
Reinhard Ploss Chief Executive Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Sven Schneider Chief Financial Officer
Manfred Puffer Member-Supervisory Board
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