Infineon Surges on Outlook Raise That Defies Chip Sector Slump

2 months ago 26

Infineon Technologies AG shares surged the most in nine months after the chipmaker forecast revenue that beat analyst estimates, a bright spot in an industry that’s been grappling with a prolonged slump.

The German chipmaker raised its full-year outlook and is now expecting flat to slightly higher fiscal 2025 revenue, versus a slight decline previously, it said in a statement on Tuesday.

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