Infineon sees revenues soar

German chipmaker Infineon today released the figures for its fiscal third quarter, in which it saw revenues increase 59 percent year-over-year, from €761 million in 2009 to €1.21 billion at the end of June. Infineon grew 17 percent compared to revenues of €1.04 billion in the second quarter.

Net profit grew to €126 million after Infineon had incurred a loss of €23 million in the same period of last year.

Total segment revenue growth was 59 percent year-over-year. The wireless solutions business grew by 38 percent, ATV (automotive) by 62 percent. Infineon’s Industrial & Multimarket (IMM) segment experienced the strongest growth at 69 percent. Chip Card & Security (CSS) grew 34 percent.

Considering wireless revenues grew from €267 million to €346 million and contributed to the chip maker’s bottom line, Infineon may decide not to sell the unit after all.

Infineon also said it expects to fare better than anticipated in its final quarter, seeing growth somewhere in the single digits. For the full, fiscal year, the company expects growth to be in the “mid to high 40’s percentage”, in contrast to the “high 30’s percentage” it had previously expected.