Infineon Technologies AG : Very reassuring stance on health of auto semiconductors market in 2024 (positive for IFX but also for STM)
>Reassuring message, low valuation, Outperform rating maintained - As it does each quarter, Infineon yesterday held a conference call on one of its divisions, this time its automotive business (accounting for 50% of sales). This reassuring stance is also likely to be shared by STM (40% of its sales in automotive), whose share price has also been under pressure from market concerns. To sum up, looking beyond a very convincing presentation on its products, its market sh...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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