The semiconductor manufacturer Infineon in the event of an economic
downturn into question plans for expansion in production. "With the
capacity investments we could, depending on the economic and market
conditions, plans to move," said Infineon CEO Peter Bauer of the
Frankfurter Allgemeine Zeitung. In strategically important investments
but no concessions were planned. The DAX Group in Neubiberg near Munich
invested 850 million euros this year. In summer, farmers had indicated
to increase investment in the next year to even slightly.
Infineon.com Peter Bauer, Infineon's customers are in good spirits, but:
"They are more cautious." The CEO expects a slowdown rather than a
slump. "The top of the market is exceeded only once." The statements fit
the tenor of recent announcements by chip makers. A few days ago the
U.S. company Advanced Micro Devices (AMD) withdrew its earnings
forecast. Infineon's chief revealed but overall very confident. "We want
the medium to grow faster than the overall market," said Bauer. "The
turnover is expected to grow in a normal economic environment, at least
10 percent, over the cycle we are aiming at an average of 15 percent
operating margin."
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