Infineon released its financial report for the first quarter of fiscal year 2023 as of the end of December, and both its profit and revenue achieved growth. The strong sales of automobiles and industrial chips offset the weak demand for smart phones, computers and data centers.

According to the financial report data, Infineon's revenue in the first fiscal quarter was 3.95 billion euros, down 5% month-on-month and up 25% year on year; Gross profit rate was 47.2%, higher than 44.4% in the previous fiscal quarter and 41.5% in the same period last year; The net profit was 728 million euros, basically unchanged on a month-on-month basis, with a year-on-year increase of 59%.

Looking forward to 2023, Infineon is expected to have a revenue forecast of 3.9 billion euros in the second quarter of fiscal year 2023, an overall revenue forecast of 15.5 billion euros in fiscal year 2023, and an annual capital expenditure forecast of 3 billion euros

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