Infineon to massively increase its investment in M’sia

One investment focus is the construction at its site in Malaysia, where it said it planned to build the world’s largest 200mm SiC Power Fab. — Reuters

BERLIN: German chipmaker Infineon is massively increasing its investment in its Malaysia plant while reporting slightly better-than-expected quarterly revenue in a semiconductor market where trends remain a mixed picture.

Infineon, whose chips are used in cars and data centres, reported third-quarter revenue of €4.09bil (US$4.47bil or RM20.3bil), up 13% from the same period last year and slightly above expectations of €4.05bil (RM20.1bil) in a company-provided consensus of analysts.