New Street Research - INFINEON TECHNOLOGIES AG (IFX) ... Bible 1Q25 – Industrials: the recovery is on. Expect strong momentum through 2025.

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New Street Research

Pierre FerraguÊ

Bible 1Q25 – Industrials: the recovery is on. Expect strong momentum through 2025.

Today, we are publishing the Industrials section of our 26th Tech Infrastructure Quarterly Bible on industrials. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions.

The industrial semiconductor sector has passed the trough. Revenues grew above seasonality for the first time since 2022, and we expect momentum to continue through 2025. This should support stock performance across the group. Infineon remains a top pick.

28/05/2025 1 EN

Underlyings

INFINEON TECHNOLOGIES AG

Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.

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DE0006231004 Germany

WOLFSPEED INC

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US9778521024 New York Stock Exchange United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Analysts

Pierre FerraguÊ

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Bible 1Q25 – Industrials: the recovery is on. Expect strong momentum through 2025.

Infineon Technologies AG: 1 director

Autos & industrials, OpenAI/io deal, NVLink Fusion, AI cloud & capex, and more.

Nvidia 1FQ26: Monster beat ex-China curbs. Has come, the time of inference - Buy, $200 TP

Nvidia gains share in AI Ethernet, but loses share in AI networking, benefiting Arista

Court Overturns Trump Tariffs

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