Infineon held back by tight supply, Malaysia plant hit by lockdown

An employee inspects a wafer at the Infineon Technologies AG microchip and sensor manufacturing facility in Regensburg, Germany. Infineon designs, manufactures and markets semiconductors for the automotive, industrial, communications, consumer and security electronics sectors. - Bloomberg filepic

BERLIN: German chipmaker Infineon Technologies said on Tuesday it was battling extreme tightness in its markets as the latest wave of the COVID-19 pandemic disrupts production in Asia and inventories hit all-time lows.

Results for the fiscal third quarter at the leading supplier of chips to the automotive industry reflected those strains, with quarterly revenue growth of 1% lagging analyst expectations even as profit margins widened.