Infineon does well

Infineon CEO Reinhard PlossInfineon’s revenues for its fourth quarter amounted to Euro 1,598 million.

At the same time, net profit increased from Euro 109 million in its third financial quarter to Euro 325 million.

Its gross margin for the period was 39 percent for the quarter.

Dr Reinhard Ploss, CEO of Infineon (pictured), said it has successfully integrated a company it acquired, International Rectifier.

He said: “The fourth quarter margin generated by the acquired business was already 15 percent and hence in line with Infineon’s target for Segment Result Margin over the economic cycle.” He said it has achieved its integration aim a year ahead of schedule.