Infineon expects no capex increase next year - CFO
FRANKFURT, April 29
FRANKFURT, April 29 (Reuters) - Infineon does not expect its capital expenditure to rise in its next financial year, finance chief Dominik Asam told analysts during a conference call on Tuesday.
The German chipmaker earlier toned up its outlook for the year as it published consensus-busting quarterly financial results, buoyed by robust demand from automotive and industrial customers and sending its shares higher. (Reporting by Maria Sheahan, editing by Edward Taylor)