Infineon has reported Q4 revenues of €3.92 billion up 6% from the previous quarter. The company says that all four quarters – automotive, green industrial power and sensor systems and connected secure systems contributed to the increase.
Infineon has managed the 2024 fiscal year well and concluded it in line with expectations,” said Jochen Hanebeck (pictured), Infineon CEO. “Currently there is hardly any growth momentum in our markets expect for AI, the cyclical recovery is being delayed. The inventory correction is continuing. Short-term ordering patterns and inventory indigestion are clouding visibility on demand patterns beyond the next couple of quarters. We are therefore preparing for a muted business trajectory in 2025. At the same time we are relying on the consistent implementation of the structural measures in our “Step Up” program to strengthen our competiveness. In combination with our innovative power we are addressing our structural growth drivers and putting ourselves in the best position for a coming upturn.”
All four business segments contributed to the growth.
Automotive edged forward 2% to €2.15 billion driven by higher demand for microcontrollers and power semiconductors. Green industrial power revenues advanced 6% to €503 million on the back of renewable energy, energy infrastructure, automation and industrial drives demand.
Connected secure systems revenues grew 11% driven by payment cards and microcontrollers demands.
Power and sensor systems lifted 15% to €861 million. Infineon saw strong growth here from data centres and servers related to AI and silicon microphones for smartphones.
