Future Tech
Infineon lowers revenue outlook on difficult market environment
BERLIN - German chip manufacturer Infineon lowered its full-year outlook for revenue on Tuesday, citing a difficult market environment, particularly in the automotive sector.
The company now expects revenue of 15.1 billion euros ($16.26 billion), plus or minus 400 million euros, for the year, down from its previous guidance of 16 billion euros, plus or minus 500 million euros.
- Reuters
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