Infineon lifts 2022 revenue target as chip shortage persists

Technology
Thursday, 03 Feb 2022
3:05 PM MYT

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FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner

BERLIN (Reuters) - Infineon, the leading supplier of microchips to the auto industry, lifted its revenue forecast for 2022 as it predicted that a global shortage of semiconductors will continue well into the current year.

"Demand for semiconductors is outstripping supply by far," the company said as it published fiscal first-quarter financial results on Thursday.

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Infineon lifts 2022 revenue target as chip shortage persists