Although the company reported a 2% drop in revenues to €1,775 million from the previous quarter, when compared to the first quarter of 2017 revenues were up a robust 8%.
According to Infineon the market for electro-mobility continues to drive growth and the company continues ‘to benefit from excellent market conditions’. Ploss said that these were being driven by ‘high demand for power components used in applications across the board.”
“Operationally we are fully on track,” Ploss said.
He did warn, however, that any further weakening in the dollar would have a negative impact on the company’s revenues in 2018.
Based on an assumed exchange rate of US$1.25 to the euro, however, Infineon expects to see year-on-year revenue growth of about 5% for the remainder of this fiscal year.
According to Infineon weaker growth was recorded in the industrial power control, power management and multimarket, chip card and security segments, whereas the automotive segment recorded strong revenue growth.
AMD has also announced that its revenues for the fourth quarter of 2017 amounted to $1.48 billion and for 2017 as a whole, its revenues topped $5.3bn.
The company expects revenues for the first quarter of 2018 to reach around $1.55bn, which would represent a significant increase of 32% year-on-year. According to AMD growth is being driven primarily by new Ryzen, GPU and EPYC products.