Infineon Technologies AG : Guidance quite likely to be adjusted again
>We have lowered our forecasts by 5% and expect a further downgrade to the group's guidance on 7 May - Following our TMT Forum 2024, we have downgraded our scenario for 2024, as we think the expected sequential recovery of close to 20% between H1 and H2 will be tough to achieve in the current environment. A further adjustment to the guidance could thus be on the cards at the Q2 24 earnings release on 7 May. We have therefore adjusted our forecasts by 5%, with our sale...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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