German semiconductor maker Infineon Technologies AG (IFX, IFNNY), in its annual general meeting, said it still expects a decline in revenues for fiscal 2013 by a medium to high single-digit percentage, assuming a euro/US dollar exchange rate of 1.30. Despite this, it would remain profitable. The company said that would be the first time that revenues stagnated or decreased two years in succession.
Further, the company anticipates much higher revenues for the second half, compared with the first half. Overall, a growth in revenue is again expected in the coming quarters.
The company stated, "We talk about a boom if the semiconductor market relevant to us grows by six percent, or in other words more healthily than the long-term average. In this type of phase of virtually full capacity we should achieve a segment result margin of approximately 20 percent, similarly to the last boom. If the market grows along historical trends, in other words by a medium singledigit percentage, while still operating at high capacities we want to post a segment result margin that totals our target of approximately 15 percent."
Infineon Technologies, by 2016, wants to achieve revenue exceeding 1.0 billion euros in China. With America remaining important for the company, Infineon targets to double its market share from four percent in 2011 to about eight percent by 2016.
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