Infineon takes revenue hit from Malaysia shutdown

FILE PHOTO: A close-up of a the Infineon microcontroller kit XMC 4700 is pictured at an exhibition during the German semiconductor manufacturer Infineon's annual shareholder meeting in Munich, February 21, 2019. REUTERS/Andreas Gebert/File Photo

BERLIN (REUTERS): Chipmaker Infineon Technologies said on Tuesday that production outages at two of its plants had hit deliveries to core automotive clients, as the German car industry battles the worst supply crunch in three decades.

Just as Munich-based Infineon was recovering from a winter storm that crippled its plant in Austin, Texas, a new wave of coronavirus infections forced the shutdown of one of its plants in Malaysia in June.