Infineon sees 'subdued' 2025 due to weak demand

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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.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Financial Chipmaker Cent Year Infineon Results Revenue Expected Billion Annual Euros

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:39:31 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 15 lines

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Copyright Owner: © Channel News Asia

News ID: 23547937

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