Infineon CFO says chip cycle has hit bottom

FRANKFURT Thu Jan 31, 2013 6:30am EST

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FRANKFURT Jan 31 (Reuters) - Infineon's financial chief said on Thursday he expected the downturn in the chip sector is over and that the cycle has hit its bottom.

"From here we expect things to go up," Infineon's Chief Financial Officer Dominik Asam told reporters. (Reporting by Harro ten Wolde)

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