FRANKFURT Jan 31 Infineon still targets a 15
percent operating margin for the mid-term and through the chip
cycle, its financial chief said on Thursday.
For the current fiscal year Infineon expects its operating
margin to come in at 5-9 percent, down from 13.5 percent in the
year through September.
CFO Dominik Asam also said operating margins for its
automotive unit, which accounts for 40 percent of its business,
would not return to double digits in the current quarter.
During the first quarter operating margins for automotive
dropped to 5.3 percent, from 11.3 percent in the fourth quarter
of the fiscal year ending Sept. 30.
(Reporting by Harro ten Wolde)