Edition:
United States

Infineon Technologies AG (IFXGn.DE)

IFXGn.DE on Xetra

14.15EUR
22 Jul 2016
Change (% chg)

€-0.10 (-0.74%)
Prev Close
€14.26
Open
€14.14
Day's High
€14.21
Day's Low
€13.98
Volume
3,690,346
Avg. Vol
4,911,957
52-wk High
€14.31
52-wk Low
€8.32

Latest Key Developments (Source: Significant Developments)

Wolfspeed has better operating margins than Infineon CFO says
Thursday, 14 Jul 2016 06:45am EDT 

Infineon : Cfo says wolfspeed business has better operating margins than infineon at the moment . Ceo says wolfspeed has gross margin of 55 percent and will grow by average 20 percent annually until 2020 . Cfo says there is positive booking trend at wolfspeed Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Cree says buyer may be required to pay termination fee of $12.5 mln-$42.5 mln
Thursday, 14 Jul 2016 06:43am EDT 

Cree Inc :Says buyer may be required to pay Cree a termination fee ranging from $12.5 million to $42.5 million - SEC filing.  Full Article

Cree says to sell Wolfspeed to Infineon for $850 mln cash
Thursday, 14 Jul 2016 06:02am EDT 

Cree Inc : Cree to sell wolfspeed to infineon for $850 million cash . Preliminary revenue results for q4 were at upper end of company's target range at approximately $388 million . Targets approximately $585 million of net proceeds after tax and other deal related costs . Q4 revenue view $382.8 million -- Thomson Reuters I/B/E/S .Target using capital raised, combined with free cash flow, to fund "select m&a", as well as to support additional stock buybacks.  Full Article

Infineon to buy Wolfspeed from Cree for $850 mln
Thursday, 14 Jul 2016 05:54am EDT 

Infineon Technologies AG: Infineon to acquire Wolfspeed for US dollar 850 million in cash . Transaction to be immediately margin and adjusted earnings-per-share accretive . Transaction will be financed by incremental debt of US dollar 720 million and US dollar 130 million cash-on-hand . Cree's board of directors and Infineon's supervisory board have approved acquisition . Deal also includes related SIC wafer substrate business for power and RF power .Has entered into a definitive agreement to acquire Wolfspeed Power and RF division of Cree.  Full Article

Infineon says management board member Mittal to leave for family reasons
Wednesday, 18 May 2016 05:47am EDT 

Infineon Technologies AG : Expands management board to four positon from three . Effective from july 1, 2016 jochen hanebeck, currently division president automotive, is appointed as member of the board for the newly introduced operations department . Helmut gassel is appointed as member of the board for strategy development, sales & marketing and regions . Arunjai Mittal, board member for these departments to leave infineon due to family reasons effective september 30, 2016 . Peter schiefer, currently head of operations, will become division president automotive .Peter wawer to become divisionpresident industrial power control.  Full Article

Infineon Technologies comments on FY 2016 outlook
Monday, 2 May 2016 08:00pm EDT 

Infineon Technologies AG:Outlook for FY 2016: In spite of a now assumed exchange rate of US$ 1.15 to the euro, year-on-year revenue growth of around 12 percent (plus or minus 2 percentage points) and Segment Result Margin between 15 and 16 percent at mid-point of the revenue guidance.FY 2016 revenue estimate 6.56 billion euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies gives Q2 2016 outlook; confirms FY 2016 forecast
Tuesday, 2 Feb 2016 01:30am EST 

Infineon Technologies AG:Outlook for Q2 FY 2016: quarter-on-quarter revenue increase of 3 percent (plus or minus 2 percentage points), with segment result margin of 13 percent at mid-point of revenue range.Outlook for FY 2016 confirmed.For FY 2016 expects an unchanged year-on-year revenue growth of around 13 percent (plus or minus 2 percentage points) and a Segment Result Margin of 16 percent at the mid-point of the range for the forecast revenue growth.Q1 2016 reported revenue 1,556 million euros.Q2 2016 revenue estimate 1,608 million euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies comments on FY 2016 revenue forecast; to propose increase in dividend for FY 2015
Thursday, 26 Nov 2015 01:30am EST 

Infineon Technologies AG:Expects in Q1 a quarter-on-quarter revenue decrease of 6 percent (plus or minus 2 percentage points) due to seasonal factors.Based on an assumed average exchange rate of $1.10 to the euro, expects year-on-year revenue growth of around 13 percent (plus or minus 2 percentage points) for FY 2016.To propose dividend for FY 2015 to be raised by 0.02 euro to 0.20 euro.  Full Article

Infineon Technologies AG issues Q4 2015 outlook and comments on FY 2015 outlook
Thursday, 30 Jul 2015 01:30am EDT 

Infineon Technologies AG:Outlook Q4 FY 2015: quarter-on-quarter revenue growth of 1 percent (plus or minus 2 percentage points).Q4 FY 2015 revenue 1,636 million euros - Thomson Reuters I/B/E/S.Sees FY 2015 revenue growth of 34 percent and segment result margin of 15 percent.  Full Article

Infineon Technologies AG raises FY 2015 outlook
Tuesday, 5 May 2015 01:30am EDT 

Infineon Technologies AG:Now expects FY 2015 revenues to rise 34-38 pct, with core operating margin of 15 pct at mid-point of sales forecast.Previous outlook was for FY 2015 revenues to rise 10-14 pct and core operating margin of 14-15 pct at mid-point of sales forecast.FY 2015 revenue 5,559 million euros - Thomson Reuters I/B/E/S.  Full Article

Photo

Infineon bets on new chip generation with $850 million Wolfspeed buy

FRANKFURT German chipmaker Infineon Technologies has agreed to buy Wolfspeed Power and RF for $850 million from U.S. company Cree, betting on new energy efficient chips it expects will dominate the market in the next decade.