Infineon releases financial report for fiscal year 2023: achieving record revenue and profit

Infineon Technologies released its financial report for the fourth quarter and full year of fiscal year 2023, ending on September 30, 2023. According to officials, revenue in fiscal year 2023 was 16.309 billion euros, a year-on-year increase of 15%; profit reached 4.399 billion euros, a year-on-year increase of 30%; the profit margin was 27%

According to Jochen Hanebeck, CEO of Infineon Technologies, Infineon achieved record revenue and profits in fiscal year 2023. Infineon said that it is in a The environment still faces challenges. On the one hand, the structural growth momentum of semiconductors in renewable energy, electric vehicles (especially in China) and microcontrollers for the automotive industry remains strong. On the other hand, demand for consumer goods, communications, computing and IoT applications is in a temporary downturn. Overall, revenue is expected to continue growing through fiscal 2024, but at a slower pace

Infineon Technologies Company Profile:

Infineon is a German-based The company, formerly the semiconductor division of the Siemens Group, became independent in 1999. The company provides semiconductor and system solutions for automotive and industrial power devices, chip cards and security applications. The company has about 56,200 employees worldwide and generated revenue of about 14.2 billion euros in fiscal 2022 (ended September 30). Infineon Technologies AG officially entered the Chinese mainland market in 1995. Since the establishment of the first company in Wuxi in October 1995, it has approximately more than 3,000 employees in China.

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