FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner/File Photo
BERLIN (Reuters) - German chip manufacturer Infineon on Tuesday lowered its full-year revenue guidance, while also warning that demand for personal electronics would not see a noticeable recovery until the later half of 2024.
The company now expects full-year revenue of 16 billion euros ($17.20 billion), plus or minus 500 million euros, versus its previous expectation of 17 billion euros, plus or minus the same amount.
