Infineon sees 'subdued' 2025 due to weak demand

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Infineon sees 'subdued' 2025 due to weak demand - Channel News Asia

Quick Summary:

BERLIN :German chipmaker Infineon said on Tuesday that it expected "subdued" performance in 2025, citing weak demand in its end markets".

Unveiled in August, the programme foresees 1,400 job cuts and the relocation of a further 1,400 positions to countries with lower labour costs.

"With the exception of artificial intelligence, our end markets are currently offering hardly any growth impetus and the cyclical recovery is delayed," said CEO Jochen Hanebeck.