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Infineon Raises 2022 Outlook on Continued Strong Demand for Semiconductors

Infineon Technologies stock fell on Monday, despite the German chip maker posting strong second-quarter results and lifting its full-year guidance, as demand for semiconductors remained high in a global shortage.

The Frankfurt-listed company’s profit rose to €469 million ($493 million), or €0.36 per share in the three months to Mar. 31, from €203 million, or €0.15 for the same period a year ago. Adjusted earnings per share were €0.44, compared with €0.24 euros per share.


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