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Infineon Technologies AG (IFXGn.DE)

IFXGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Infineon buys Innoluce in autonomous driving push
Tuesday, 11 Oct 2016 04:08am EDT 

Infineon Technologies AG :Buys Innoluce BV, a Dutch fabless semiconductor company headquartered in Nijmegen, to strengthen its position in automated driving.  Full Article

Infineon CFO says sees 2015/16 sales growth at 11.5-12 pct, oper margin of 15-16 pct
Tuesday, 2 Aug 2016 05:34am EDT 

Infineon Technologies Ag : Cfo says sees 2015/16 sales growth at 11.5-12 percent, operating margin of 15-16 percent Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Infineon CFO sees no further weakening of smartphone market
Tuesday, 2 Aug 2016 04:33am EDT 

Infineon Technologies AG : CFO says already in sluggish smartphone market, we see no weakening beyond that Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

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

LIVE MARKETS-Closing snapshot: European shares end near 3-month low

(Eikon subscribers: to see Reuters' live blog on European equity markets, type LIVE/ in a news window) Feb 5 Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: EUROPEAN STOCKS END NEAR 3-MONTH LOW (1640 GMT) The week has got off to a damp start with