Streetbeat News

IFNNF

Infineon Technologies AG

https://www.infineon.com/

CEO

Reinhard Ploss

Employees

26,464

Industry

Semiconductor and Related Device Manufacturing

Open

35.00

Mkt cap

46B

Volume

100

High

35.04

P/E Ratio

24.85

52-wk high

42.00

Low

35.00

Div yield

0.01

52-wk low

29.80

Taiwan Semiconductor Manufacturing Co (TSMC) is constructing a semiconductor fab in Dresden, Germany, in collaboration with Infineon, NXP, and Bosch. This $11 billion project aims to strengthen Europe's semiconductor base. TSMC's stock has gained 104% in the past year, driven by AI demand, but faces challenges with increased power demand for advanced processes.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 1:13 pm

Taiwan Semiconductor Manufacturing Co (TSMC) has begun construction on its first European plant in Dresden, Germany, with significant industry support and state subsidies covering nearly half of the $11 billion cost. The plant will focus on automotive and industrial chip production, with TSMC holding a 70% stake and partners like Infineon, NXP Semiconductors, and Bosch each holding 10%. The German government is investing heavily in domestic chip production, including a planned Intel plant. Analysts have a positive outlook on TSMC stock, with a 12-month price target suggesting further upside.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 1:42 pm

Taiwan Semiconductor Manufacturing Co (TSM) is expanding to Europe with a new $11 billion chip plant in Germany, in partnership with Infineon, NXP Semiconductors, and Bosch. The plant, part of the European Semiconductor Manufacturing Company (ESMC), is expected to start operations by late 2027. TSM is also addressing challenges like geopolitical tensions and resource constraints as it expands globally.

Portfolio Pulse from Anusuya Lahiri

August 20, 2024 | 1:54 pm

Wolfspeed, Inc. (NYSE:WOLF) stock rose over 7% after announcing the expansion and extension of their long-term silicon carbide wafer supply agreement with Infineon Technologies AG (OTC:IFNNF). The agreement, which was initially signed in February 2018, now includes a multi-year capacity reservation. Infineon's CEO emphasized the importance of securing a high-quality, long-term supply base for silicon carbide devices to strengthen supply chain resilience.

Portfolio Pulse from Ryan Gustafson

January 23, 2024 | 7:57 pm

The European Union has approved €8 billion in public funds for semiconductor research projects, backed by €13.7 billion in private funding. Companies like Intel, Infineon Technologies, STMicroelectronics, GlobalFoundries, and Wolfspeed have invested in the projects, while Taiwan Semiconductor Manufacturing Company is considering building a production site in Germany.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 2:54 pm

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