The German manufacturer is embarking on a cost purge after cutting revenue estimates, with adjusted gross margin expected to be in the low-forties percentage range.
CEO mentioned the weak demand for consumer applications and the noticeable slowdown in the automotive sector, prompting caution in the outlook and a forecast reduction.
Infineon plans to strengthen competitiveness through the 'Step Up' program, targeting structural improvements in Segment Result to the high triple-digit million euro range annually.
[
add
]
[
|
|
...
]