Infineon releases financial results for fiscal year 2023: record revenue and profits

CTOnews.com November 15 news, Infineon Technology has now released the fourth quarter of fiscal year 2023 and full-year results (as of September 30, 2023). Officials said revenue in fiscal 2023 was 16.309 billion euros, up 15% from a year earlier; profits reached 4.399 billion euros, up 30% from a year earlier; and profit margins were 27%.

Jochen Hanebeck, CEO of Infineon Technology, said that in fiscal year 2023, Infineon set a new record for revenue and profit.

Infineon says its environment is still challenging. On the one hand, the structural growth of semiconductors in renewable energy, electric vehicles (especially in China) and microcontrollers in the automotive industry continues unabated. On the other hand, the demand for consumer goods, communications, computing and Internet of things applications is in a brief downturn. Overall, revenue is expected to continue to grow in fiscal 2024, but the growth rate will slow.

Brief introduction of CTOnews.com attached Infineon Technology Co., Ltd.

Infineon is a company headquartered in Germany, which was formerly the semiconductor division of Siemens Group and became independent in 1999. The company provides semiconductor and system solutions for automotive and industrial power devices, chip cards and security applications. The company employs about 56200 people worldwide and had revenue of approximately 14.2 billion euros in fiscal year 2022 (as of September 30). Infineon Technology Co., Ltd. officially entered Chinese mainland market in 1995. Since the establishment of the first enterprise in Wuxi in October 1995, it has more than 3000 employees in China.