German semiconductor company Infineon Technologies AG on Monday raised its fiscal 2022 forecast again after reporting higher second-quarter results on continued strong demand despite global uncertainties. Further, the company projects sequentially higher revenues in the third quarter, but weak segment result margin. Infineon shares were losing around 4 percent in the morning trading in Germany.
Jochen Hanebeck, CEO of Infineon, said, "Infineon continues to perform well within an increasingly challenging environment. ..Global uncertainties, in particular the war in Ukraine and the further course of the coronavirus pandemic, are placing stress on supply chains. At the same time, demand for our products and solutions continues to exceed supply significantly.... We are closely monitoring short- and medium-term market and supply conditions in order to be able to respond in case of need."
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