FRANKFURT May 6 German chip maker Infineon
said on Tuesday it wanted to significantly raise its
dividend for the current fiscal year, citing lower investments
and an upswing in the sector.
Chief Executive Reinhard Ploss in a statement Infineon
expected to grow faster than its peers.
"The fact that we will need to employ less capital in future
to achieve this, clearly demonstrates that we are on the right
track with our manufacturing strategy," he added.
"It is justified that shareholders should also now benefit
from the progress made. Therefore it is our intention to raise
the dividend significantly for the current fiscal year."
(Reporting by Harro ten Wolde; Editing by Christoph Steitz)