MUNICH Feb 28 German chipmaker Infineon
expects turnover to rise in the coming quarters,
although still forecasts a fall in revenues for the fiscal year
as a whole, its chief executive said on Thursday.
The worst quarter was now behind Infineon and improvements
had been in sight since the start of 2013, Reinhard Ploss said
in a speech at the company's annual shareholder meeting.
Infineon had said in January that its key car clients were
now starting to re-order chips such as those which activate
airbags and enable cruise control equipment, after a period of
running inventories down.
For the fiscal year until end-September as a whole, Infineon
expects revenue to drop by between 5 and 9 percent.
(Reporting by Jens Hack; writing by Victoria Bryan)