Infineon takes revenue hit from Malaysia shutdown

05-Aug-2021 Intellasia | Reuters | 7:03 AM Print This Post

German chipmaker Infineon will take a hit in the high double-digit million euros (dollars) from shutdowns at its plant in Malaysia to contain the COVID-19 pandemic, CEO Reinhard Ploss said on Tuesday.

Production at the plant will only reach 100 percent capacity later this month, meaning revenue from Infineon’s automotive and its power and sensor systems divisions will stay depressed in Infineon’s fiscal fourth quarter.

“There has been a sizeable impact in the third quarter, and we expect a similar one in the fourth quarter of our fiscal year as well,” Ploss told analysts on a call after Infineon’s fiscal third-quarter results.

https://www.reuters.com/article/infineon-results-malaysia/infineon-takes-revenue-hit-from-malaysia-shutdown-idUSL8N2PA236

 

Category: Malaysia

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