Infineon trims financial forecast amid order slowdown

The Register
May 7, 2024, 1:45 pm210 pts
Chipmaker outlines plans to save hundreds of millions and, hey presto, share price magically jumps Infineon, maker of chips for the automotive and industrial sectors, told investors that it is embarking on a cost purge after lowering revenue estimates for the full financial year amid weakened demand.…

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