IFX.DE - Infineon Technologies AG

XETRA - XETRA Delayed price. Currency in EUR
19.25
-0.90 (-4.48%)
At close: 5:35PM CEST
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Previous close20.16
Open20.00
Bid19.17 x 427900
Ask19.19 x 8100
Day's range18.99 - 20.12
52-week range10.13 - 23.07
Volume18,370,428
Avg. volume11,497,616
Market cap23.967B
Beta (5Y monthly)1.40
PE ratio (TTM)31.00
EPS (TTM)0.62
Earnings date04 Aug 2020
Forward dividend & yield0.27 (1.34%)
Ex-dividend date21 Feb 2020
1y target est23.20
  • EQS Group

    Infineon Technologies AG: Infineon determines the placement price for the new shares

    Infineon Technologies AG / Key word(s): Capital Increase Infineon Technologies AG: Infineon determines the placement price for the new shares 26-May-2020 / 23:06 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *AD HOC NOTIFICATION PURSUANT TO ARTICLE 17 OF THE MARKET ABUSE REGULATION*** CAPITAL INCREASE***Infineon determines the placement price for the new sharesNeubiberg, 26 May 2020 - Infineon Technologies AG ("Infineon") has decided to increase its share capital through partial utilization of its authorized capital under the exclusion of shareholders' subscription rights from EUR 2,501,842,274.00 by EUR 110,000,000.00 to EUR 2,611,842,274.00. The 55,000,000 new no‐par value ordinary registered shares were placed, following an accelerated bookbuilding process with institutional investors, and carry full dividend rights as from 1 October 2019.The shares were placed at a placement price of EUR 19.30 per share resulting in gross proceeds of EUR 1.06 billion before deduction of commissions and expenses. The net proceeds from the capital increase shall be used to partially re-finance the purchase price for the acquisition of Cypress Semiconductor Corporation that closed on 16 April 2020, by repaying a portion of the loans entered into for financing the acquisition.Admission of the new shares for trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange is expected to take place without a prospectus on 29 May 2020. Trading is expected to commence on 3 June 2020. It is intended to include the new shares in the existing listings of the company's shares. The delivery of the new shares is scheduled for 3 June 2020. Following the private placement, Infineon will be subject to a lock-up, i.e. an obligation not to, inter alia, issue further shares or financial instruments convertible into shares or to conduct a further capital increase, of 90 days, subject to market standard exemptions.******* Important notice The distribution of this announcement and the offering of the shares of Infineon in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States of America, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.Securities may not be offered or sold absent registration except pursuant to an exemption from, or a transaction not subject to, the registration requirements under the U.S. Securities Act of 1933, as amended. There will be no public offer of securities in the United States of America or in any other jurisdiction.In member states of the European Economic Area ("EEA") and in the United Kingdom, this announcement is only addressed to and directed at persons who are 'qualified investors' within the meaning of Article 2(e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (as amended, the "Prospectus Regulation") ("Qualified Investors"). In the United Kingdom, this announcement is only addressed to and directed at Qualified Investors who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) falling within Article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this announcement and should not act on or rely on it.To the extent this announcement contains predictions, expectations or statements, estimates, opinions and projections with respect to anticipated future performance of Infineon ("forward-looking statements"), they are based upon current views and assumptions of the Infineon management, which were made to its best knowledge. Forward-looking statements reflect various assumptions taken from Infineon's current business plan or from public sources which have not been independently verified or assessed by Infineon and which may or may not prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Infineon or the success of the industries in which Infineon operates to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving this document are advised not to rely on these forward-looking statements. Infineon does not assume any liability or guarantee for such forward-looking statements and will not adjust them to any future results and developments.Information to Distributors Pursuant to EU product governance requirements, the shares have been subject to a product approval process, under which each distributor has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II. Any distributor subsequently offering the shares is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels. Contact: Alexander Foltin, Investor Relations, phone: +49 89 234-23766, fax: +49 89 234-9559847 * * *26-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Infineon Technologies AG Am Campeon 1-15 85579 Neubiberg Germany Phone: +49 (0)89 234-26655 Fax: +49 (0)89 234-955 2987 E-mail: investor.relations@infineon.com Internet: www.infineon.com ISIN: DE0006231004 WKN: 623100 Indices: DAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1055933 End of Announcement DGAP News Service

  • German chipmaker Infineon raises 1.06 billion euros with capital increase
    Reuters

    German chipmaker Infineon raises 1.06 billion euros with capital increase

    German chipmaker Infineon Technologies raised about 1.06 billion euros ($1.16 billion) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday. Infineon said its share capital would be raised by about 4% after a private placement with institutional investors, adding that the shares were priced at 19.30 euros apiece. The company closed the acquisition of Cypress Semiconductor in April, coupling its own prowess in managing electric drivetrains with Cypress's superior connectivity in areas such as in-car entertainment.

  • EQS Group

    Infineon launches cash capital increase through accelerated bookbuilding

    Infineon Technologies AG / Key word(s): Capital Increase Infineon launches cash capital increase through accelerated bookbuilding 26-May-2020 / 18:03 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *AD HOC NOTIFICATION PURSUANT TO ARTICLE 17 OF THE MARKET ABUSE REGULATION***CAPITAL INCREASE***Infineon launches cash capital increase through accelerated bookbuildingNeubiberg, 26 May 2020 - Today, the management board of Infineon Technologies AG ("Infineon"), with the approval of the supervisory board, resolved on a capital increase against cash contributions through partial utilization of the authorized capital. The share capital of Infineon will be increased by approximately 4% by issuing new no‐par value ordinary registered shares against cash contributions under the exclusion of shareholders' subscription rights, targeting gross proceeds of approximately EUR 1 bn. The new shares will carry full dividend rights as from 1 October 2019.The new shares will be offered for purchase exclusively to institutional investors in a private placement by way of an accelerated bookbuilding process. The private placement will be initiated immediately after this notification. The management board, with the approval of the supervisory board, will determine and announce the final number of shares to be issued, the placement price and the final gross proceeds following the conclusion of the accelerated bookbuilding process. Following the private placement, Infineon will be subject to a lock-up, i.e. an obligation not to, inter alia, issue further shares or financial instruments convertible into shares or to conduct a further capital increase, of 90 days, subject to market standard exemptions.Admission of the new shares for trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange is expected to take place without a prospectus on 29 May 2020. Trading is expected to commence on 3 June 2020. It is intended to include the new shares in the existing listings of the company's shares. The delivery of the new shares is scheduled for 3 June 2020.The expected net proceeds from the capital increase shall be used to partially re-finance the purchase price for the acquisition of Cypress Semiconductor Corporation that closed on 16 April 2020, by repaying a portion of the loans entered into for financing the acquisition.******* Important notice The distribution of this announcement and the offering of the shares of Infineon in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States of America, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.Securities may not be offered or sold absent registration except pursuant to an exemption from, or a transaction not subject to, the registration requirements under the U.S. Securities Act of 1933, as amended. There will be no public offer of securities in the United States of America or in any other jurisdiction.In member states of the European Economic Area ("EEA") and in the United Kingdom, this announcement is only addressed to and directed at persons who are 'qualified investors' within the meaning of Article 2(e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (as amended, the "Prospectus Regulation") ("Qualified Investors"). In the United Kingdom, this announcement is only addressed to and directed at Qualified Investors who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) falling within Article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this announcement and should not act on or rely on it.To the extent this announcement contains predictions, expectations or statements, estimates, opinions and projections with respect to anticipated future performance of Infineon ("forward-looking statements"), they are based upon current views and assumptions of the Infineon management, which were made to its best knowledge. Forward-looking statements reflect various assumptions taken from Infineon's current business plan or from public sources which have not been independently verified or assessed by Infineon and which may or may not prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Infineon or the success of the industries in which Infineon operates to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving this document are advised not to rely on these forward-looking statements. Infineon does not assume any liability or guarantee for such forward-looking statements and will not adjust them to any future results and developments.Information to Distributors Pursuant to EU product governance requirements, the shares have been subject to a product approval process, under which each distributor has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II. Any distributor subsequently offering the shares is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels. Contact: Alexander Foltin, Investor Relations, phone: +49 89 234-23766, fax: +49 89 234-9559847 * * *26-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Infineon Technologies AG Am Campeon 1-15 85579 Neubiberg Germany Phone: +49 (0)89 234-26655 Fax: +49 (0)89 234-955 2987 E-mail: investor.relations@infineon.com Internet: www.infineon.com ISIN: DE0006231004 WKN: 623100 Indices: DAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1055535 End of Announcement DGAP News Service

  • Investing.com

    Goldman Sachs Sticks to Their Hold Rating for Infineon Technologies AG

    Goldman Sachs (NYSE:GS) analyst Alexander Duval maintained a Hold rating on Infineon (OTC:IFNNY) Technologies AG on Monday, setting a price target of EUR18.5, which is approximately 1.54% above the present share price of $18.22.

  • Will the Infineon Technologies Ag share price run continue?
    Stockopedia

    Will the Infineon Technologies Ag share price run continue?

    In this article we will quickly re-cap the broker forecasts for Infineon Technologies Ag (ETR:IFX). The Infineon Technologies Ag share price has risen by 10.6%...

  • EQS Group

    Infineon Technologies AG: Infineon fights against coronavirus crisis, which is leading to a significantly weaker outlook for second half of fiscal year. Successful acquisition of Cypress reinforces business model in medium and long term

    DGAP-News: Infineon Technologies AG / Key word(s): Quarter Results/Forecast 04.05.2020 / 21:03 The issuer is solely responsible for the content of this announcement. \- Q2 FY 2020: REVENUE OF €1,986 MILLION; SEGMENT RESULT €274 MILLION; SEGMENT RESULT MARGIN 13.8 PERCENT.\- ACQUISITION OF CYPRESS SUCCESSFULLY CONCLUDED. INFINEON IS DEVELOPING INTO A LEADING PROVIDER OF SYSTEMS SOLUTIONS FOR AUTOMOTIVE, INDUSTRIAL AND THE INTERNET OF THINGS (IOT), TURNING INTO ONE OF THE WORLD'S TOP 10 SEMICONDUCTOR MANUFACTURERS.\- OUTLOOK FOR FY 2020: BASED ON AN ASSUMED EXCHANGE RATE OF US$1.10 TO THE EURO, REVENUE IS EXPECTED TO BE AROUND €7.6 BILLION EXCLUDING CYPRESS AND AROUND €8.4 BILLION INCLUDING CYPRESS, PLUS OR MINUS 5 PERCENT. AT THE FORECASTED LEVEL OF REVENUE, THE SEGMENT RESULT MARGIN FOR THE COMBINED COMPANY IS PREDICTED TO COME IN AT AROUND 12 PERCENT.\- OUTLOOK FOR Q3 FY 2020: BASED ON AN ASSUMED EXCHANGE RATE OF US$1.10 TO THE EURO, REVENUE FOR THE COMBINED COMPANY IS EXPECTED TO BE BETWEEN €1.9 BILLION AND €2.3 BILLION. AT THE MIDPOINT OF THE GUIDED REVENUE RANGE, THE SEGMENT RESULT MARGIN FOR THE COMBINED COMPANY IS PREDICTED TO COME IN AT A POSITIVE MID-SINGLE DIGIT PERCENT LEVEL.Neubiberg, Germany - 4 May 2020 - Infineon Technologies AG is today reporting results for the second quarter of the 2020 fiscal year (period ended 31 March 2020)."The world is in the midst of a crisis of hitherto unseen proportions. The effects of the coronavirus pandemic are unprecedented, and the semiconductor industry is significantly feeling the impact. Also Infineon is not immune to such a massive slump in the global economy," said Dr. Reinhard Ploss, CEO of Infineon. "Our company is accustomed to coping with crisis situations. Despite all the difficulties, whether supply chain-related or in manufacturing, we have largely been able to maintain our operations in recent weeks. We also put cost-containment measures in place at an early stage. Nevertheless, the outlook for the second half of the fiscal year has significantly deteriorated. We expect a sharp drop in revenue in the Automotive segment. We are monitoring the situation in our target markets very closely and are prepared to respond swiftly to a variety of possible scenarios," Ploss continued. "Even in difficult times, Infineon continues to evolve. With the successful acquisition of Cypress, we are taking a major step forward in implementing our strategy of linking the real with the digital world."Euro in millions Q2 FY20 Q1 FY20 +/- in % Revenue 1,986 1,916 4 Segment Result 274 297 (8) Segment Result Margin 13,8% 15.5% Income (loss) from continuing operations 178 210 (15) Income (loss) from discontinued operations, net of income taxes - - - Net income 178 210 (15) in Euro Basic earnings (loss) per share from continuing operations1 0.13 0.16 (19) Basic earnings (loss) per share from discontinued operations1 - - - Basic earnings per share1 0.13 0.16 (19) Diluted earnings (loss) per share from continuing operations1 0.13 0.16 (19) Diluted earnings (loss) per share from discontinued operations1 - - - Diluted earnings per share1 0.13 0.16 (19) Adjusted earnings per share diluted2 0.13 0.17 (24) Gross margin 34.5% 37.0% Adjusted gross margin2 35.6% 37.9% 1 The calculation for earnings per share and for adjusted earnings per share is based on unrounded figures.2 The reconciliation of net income to adjusted net income and adjusted earnings per share as well as of cost of goods sold to adjusted cost of goods sold and adjusted gross margin can be found in the quarterly information at www.infineon.com.With effect from the beginning of 2020 fiscal year, Infineon is applying IFRS 16 (Leases) using the modified retrospective approach. As a result, prior periods are not adjusted to the new accounting policy. Overall, the first-time application of this Standard has not had any material impact. GROUP PERFORMANCE IN SECOND QUARTER OF 2020 FISCAL YEAR Group revenue grew from €1,916 million to €1,986 million quarter-on-quarter, with all four segments - Automotive (ATV), Industrial Power Control (IPC), Power & Sensor Systems (PSS)3 and Digital Security Solutions (DSS) - contributing to the 4 percent increase.The gross margin came in at 34.5 percent, compared to 37.0 percent in the previous quarter. The second quarter included expenses totaling €21 million for various items, including acquisition-related depreciation and amortization and other expenses mainly connected with the earlier acquisition of International Rectifier. The adjusted gross margin decreased from 37.9 percent to 35.6 percent quarter-on-quarter. The second-quarter Segment Result amounted to €274 million, compared to the previous quarter's €297 million, while the Segment Result Margin for the three-month period declined from 15.5 percent to 13.8 percent. In the first quarter, both the gross margin and the Segment Result Margin benefited from a positive nonrecurring effect of approximately €36 million arising in connection with the refined allocation of centralized, production-related overhead costs. Excluding this exceptional factor, the first-quarter Segment Result Margin would have amounted to 13.6 percent.The non-segment result for the second quarter was a net loss of €48 million, compared to a net loss of €31 million for the previous three-month period. The non-segment result included €21 million of cost of goods sold, €18 million of selling, general and administrative expenses and €2 million of research and development expenses. In addition, net other operating expenses amounting to €7 million arose in the second quarter.Operating income for the second quarter totaled €226 million, compared to €266 million in the preceding three-month period.The financial result amounted to a net negative amount of €27 million, which included an expense of €10 million arising on interest rate hedges put in place in connection with the refinancing of the Cypress acquisition. The first-quarter financial result had been a net negative amount of €13 million.Income tax expense in the second quarter of the 2020 fiscal year declined to €21 million, compared to €43 million in the previous quarter.Income from continuing operations fell to €178 million in the second quarter, compared to €210 million in the preceding three-month period. As in the first quarter, income from discontinued operations in the second quarter was zero. For this reason, second-quarter net income also amounted to €178 million, compared to €210 million one quarter earlier.Earnings per share from continuing operations for the second quarter amounted to €0.13 (basic and diluted), compared to €0.16 per share in the previous quarter. Second-quarter adjusted earnings per share4 (diluted) amounted to €0.13, down from €0.17 quarter-on-quarter.Investments \- which Infineon defines as the sum of purchases of property, plant and equipment, purchases of intangible assets, and capitalized development costs - amounted to €247 million in the second quarter of the 2020 fiscal year, down from €255 million in the preceding three-month period. Depreciation and amortization amounted to €249 million, almost unchanged from the previous quarter's figure of €250 million.Free cash flow from continuing operations improved to €108 million in the second quarter of the 2020 fiscal year, turning positive again after the previous quarter's negative free cash flow of €86 million. Net cash provided by operating activities from continuing operations in the second quarter amounted to €354 million, compared to €183 million in the previous three-month period.The gross cash position amounted to €4,588 million at 31 March 2020, compared to €4,859 million at 31 December 2019. The decrease mainly reflects the dividend paid in February 2020 amounting to €0.27 per share or €336 million in total, which was partially offset by the positive free cash flow. The net cash position decreased from €3,328 million to €3,051 million over the three-month period.ACQUISITION OF CYPRESS SUCCESSFULLY CONCLUDED Infineon received all the regulatory approvals required for the acquisition of Cypress Semiconductor Corporation in early April 2020, enabling the transaction to be successfully completed on 16 April 2020. On 3 June 2019, Infineon and Cypress had announced the signing of a purchase agreement under which Infineon offered to acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. To finance the transaction, Infineon used its cash on hand alongside an acquisition financing facility provided by a consortium of banks.Cypress' businesses will be allocated to Infineon's segments as at the date of acquisition and accounted for accordingly from the fiscal third quarter onwards. Infineon plans to publish combined figures in accordance with IFRS for the first time when the results for the quarter ending 30 June 2020 are announced.OUTLOOK FOR THE 2020 FINANCIAL YEAR Based on an assumed exchange rate of US$1.10 to the euro and for the former scope of operations, i.e. excluding Cypress, Infineon expects to generate revenues of around €7.6 billion in the 2020 fiscal year. This level of revenue would represent a 5 percent decrease compared to the previous year fiscal year. Cypress gets consolidated for the first time effective 16 April 2020 and is expected to generate revenue of around €0.8 billion during the remainder of the 2020 fiscal year, as a result of which Infineon's total revenue including Cypress would be around €8.4 billion, plus or minus 5 percent. The economic upheavals caused by the coronavirus pandemic make it extremely difficult to provide a reliable forecast. The outlook is therefore subject to a high degree of uncertainty. Key factors influencing the above-mentioned revenue figures are the trajectory of global infection rates and the revamping of economic activities, particularly in the automotive industry. The level and effectiveness of government support programs will also play an important role.Based on the forecast level of revenue of €8.4 billion for the 2020 fiscal year, Infineon expects a Segment Result Margin of around 12 percent. The respective existing businesses of Infineon and Cypress are likely to contribute roughly proportionately to this level of profitability. Benefits from synergies are not expected to have a noticeable effect in the short term. The Automotive segment will be most heavily impacted by the coronavirus pandemic and - excluding the business activities of Cypress - is predicted to report a significant drop in revenue compared to the previous fiscal year. The Industrial Power Control and Digital Security Solutions segments are likely to report slightly lower revenues year-on-year. The Power & Sensor Systems segment is predicted to generate revenues slightly above those of the 2019 fiscal year, in each case excluding the contributions from Cypress.For the combined company, investments in property, plant and equipment and intangible assets including capitalized development costs in the 2020 fiscal year are forecast at around €1.2 billion to €1.3 billion. Hence the investment level will be taken down slightly, despite the integration of Cypress, as Infineon is reducing its expenditures for its former business. Depreciation and amortization are likely to be in the region of €1 billion. However, this figure does not yet include the effects of the purchase price allocation for Cypress, as this information is not yet available.Free cash flow for the combined company will be strongly negatively impacted by the acquisition of Cypress and by the consequences of the coronavirus pandemic and hence foreseeably turn significantly negative. Excluding cash outs in relation to the acquisition of Cypress, free cash flow is forecast to come in between a positive €100 million and €300 million.OUTLOOK FOR THE THIRD QUARTER OF THE 2020 FISCAL YEAR Based on an assumed exchange rate of US$1.10 to the euro in the third quarter of the 2020 fiscal year, Infineon expects revenues for the combined company to be between €1.9 billion and €2.3 billion. At the mid-point of the expected revenue range for the combined company, the Segment Result Margin is predicted to be equivalent to a positive mid-single digit percentage.3 Effective 1 April 2020, the "Power Management & Multimarket" segment was renamed "Power & Sensor Systems". However, the change in name has no impact on Infineon's organizational structure, strategy or scope of business. 4 Adjusted net income and adjusted earnings per share (diluted) should not be seen as a replacement or superior performance indicator, but rather as additional information to the net income and earnings per share (diluted) determined in accordance with IFRS.Infineon's segments' performance in the second quarter of the 2020 fiscal year can be found in the quarterly information at www.infineon.com.All figures in this quarterly information are preliminary and unaudited.ANALYST TELEPHONE CONFERENCE AND TELEPHONE PRESS CONFERENCE The Management Board of Infineon will host a telephone conference call including a webcast for analysts and investors (in English only) on 5 May 2020 at 9:30 am (CEST), 3:30 am (EDT). During the call, the Infineon Management Board will present the Company's results for the second quarter and the outlook for the third quarter and the 2020 fiscal year. In addition, the Management Board will host a telephone press conference with the media at 11:00 am (CEST), 5:00 am (EDT). It can be followed over the Internet in both English and German. Both conferences will also be available live and for download on Infineon's website at www.infineon.com/investor.The Q2 Investor Presentation is available (in English only) at: https://www.infineon.com/cms/en/about-infineon/investor/reports-and-presentations/INFINEON FINANCIAL CALENDAR (* preliminary)\- 7 May 2020 Call Industrial Power Control, Business Update\- 13 - 14 May 2020 JPM Global Technology, Media & Communications Conference, Boston (virtual)\- 19 May 2020 JPM European TMT CEO Conference, London (virtual)\- 27 May 2020 Equita Conference 2020, Milan (virtual)\- 27 May 2020 UBS Best of Europe 1-1 Conference, New York (virtual)\- 3 - 4 Jun 2020 Deutsche Bank German, Swiss & Austrian Conference, Berlin (virtual)\- 9 - 10 Jun 2020 Exane 22nd European CEO Conference, Paris (virtual)\- 4 Aug 2020* Earnings Release for the Third Quarter of the 2020 Fiscal Year\- 21 Sep 2020 Berenberg Goldman Sachs German Corporate Conference, Unterschleißheim (nearby Munich)\- 22 Sep 2020 Baader Investment Conference, Munich\- 6 Oct 2020 Automotive Call\- 9 Nov 2020* Earnings Release for the Fourth Quarter and the 2020 Fiscal Year ABOUT INFINEON Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2019 fiscal year (ending 30 September), the Company reported sales of €8.0 billion with around 41.400 employees worldwide. With the acquisition of US-based Cypress Semiconductor Corporation in April 2020, Infineon has become a global top 10 semiconductor company.Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com This press release is available online at www.infineon.com/pressFollow us: Twitter \- Facebook \- LinkedInD I S C L A I M E R This press release contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group.These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected.Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.Due to rounding, numbers presented throughout this press release and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Contact: Bernd Hops, Media Relations, phone: +49 89 234 23888 * * *04.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Infineon Technologies AG Am Campeon 1-15 85579 Neubiberg Germany Phone: +49 (0)89 234-26655 Fax: +49 (0)89 234-955 2987 E-mail: investor.relations@infineon.com Internet: www.infineon.com ISIN: DE0006231004 WKN: 623100 Indices: DAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1035567 End of News DGAP News Service

  • EQS Group

    Infineon Technologies AG: Effects of the coronavirus pandemic weigh on the outlook for the remaining fiscal year 2020, the successful acquisition of Cypress reinforces business model in medium and long term

    Infineon Technologies AG / Key word(s): Forecast Infineon Technologies AG: Effects of the coronavirus pandemic weigh on the outlook for the remaining fiscal year 2020, the successful acquisition of Cypress reinforces business model in medium and long term 04-May-2020 / 20:59 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *Effects of the coronavirus pandemic weigh on the outlook for the remaining fiscal year 2020, the successful acquisition of Cypress reinforces business model in medium and long term Neubiberg, 4 May 2020 - Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) provides a new outlook for the 2020 fiscal year. It includes the impacts of the coronavirus pandemic to the extent they can currently be assessed as well as the effects of the successful acquisition of the US-company Cypress Semiconductor Corporation. Based on an assumed exchange rate of US$1.10 to the euro and for the former scope of operations, i.e. excluding Cypress, Infineon expects to generate revenues of around €7.6 billion in the 2020 fiscal year. This level of revenue would represent a 5 percent decrease compared to the previous fiscal year. Cypress gets consolidated for the first time effective 16 April 2020 and is expected to generate revenue of around €0.8 billion during the remainder of the 2020 fiscal year, as a result of which Infineon's total revenue including Cypress would be around €8.4 billion, plus or minus 5 percent.The economic upheavals caused by the coronavirus pandemic make it extremely difficult to provide a reliable forecast. The outlook is therefore subject to a high degree of uncertainty. Key factors influencing the above-mentioned revenue figures are the trajectory of global infection rates and the revamping of economic activities, particularly in the automotive industry. The level and effectiveness of government support programs will also play an important role.Based on the forecast level of revenue of €8.4 billion for the 2020 fiscal year, Infineon expects a Segment Result Margin of around 12 percent. The respective existing businesses of Infineon and Cypress are likely to contribute roughly proportionately to this level of profitability. Benefits from synergies are not expected to have a noticeable effect in the short term.For the combined company, investments in property, plant and equipment and intangible assets including capitalized development costs in the 2020 fiscal year are forecast at around €1.2 billion to €1.3 billion. Hence the investment level will be taken down slightly, despite the integration of Cypress, as Infineon is reducing its expenditures for its former business.Free cash flow for the combined company will be strongly negatively impacted by the acquisition of Cypress and by the consequences of the coronavirus pandemic. Therefore, it will foreseeably turn significantly negative. Excluding cash outs in relation to the acquisition of Cypress, free cash flow is forecast to come in between a positive €100 million and €300 million.Outlook for the third quarter of the 2020 fiscal year Based on an assumed exchange rate of US$1.10 to the euro in the third quarter of the 2020 fiscal year, Infineon expects revenues for the combined company to be between €1.9 billion and €2.3 billion. At the mid-point of the expected revenue range for the combined company, the Segment Result Margin is predicted to be equivalent to a positive mid-single digit percentage.Group performance in second quarter of 2020 fiscal year Group revenue grew in the second quarter of the 2020 fiscal year (period ended 31 March 2020) from €1.916 billion to €1.986 billion quarter-on-quarter, with all four segments - Automotive (ATV), Industrial Power Control (IPC), Power & Sensor Systems (PSS)[1] and Digital Security Solutions (DSS) - contributing to the 4 percent increase. The second-quarter Segment Result amounted to €274 million, compared to the previous quarter's €297 million, while the Segment Result Margin for the three-month period declined from 15.5 percent to 13.8 percent. In the first quarter, both the gross margin and the Segment Result Margin benefited from a positive nonrecurring effect of approximately €36 million arising in connection with the refined allocation of centralized, production-related overhead costs. Excluding this exceptional factor, the first-quarter Segment Result Margin would have amounted to 13.6 percent.The full Press Release on the second quarter of 2020 fiscal year and on the outlook for the third quarter as well as on the full 2020 fiscal year will be published shortly. It will be provided on www.infineon.com/press. About Infineon Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2019 fiscal year (ending 30 September), the Company reported sales of €8.0 billion with around 41.400 employees worldwide. With the acquisition of US-based Cypress Semiconductor Corporation in April 2020, Infineon has become a global top 10 semiconductor company.Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.comThis announcement is available online at www.infineon.com Follow us: Twitter \- Facebook \- LinkedInD I S C L A I M E RThis announcement contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group.These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected.Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.Due to rounding, numbers presented throughout this press release and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. [1] Effective 1 April 2020, the "Power Management & Multimarket" segment was renamed "Power & Sensor Systems". However, the change in name has no impact on Infineon's organizational structure, strategy or scope of business. Contact: Alexander Foltin, Investor Relations, phone: +49 89 234-23766, fax: +49 89 234-9559847 * * *04-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Infineon Technologies AG Am Campeon 1-15 85579 Neubiberg Germany Phone: +49 (0)89 234-26655 Fax: +49 (0)89 234-955 2987 E-mail: investor.relations@infineon.com Internet: www.infineon.com ISIN: DE0006231004 WKN: 623100 Indices: DAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1035565 End of Announcement DGAP News Service

  • Bloomberg

    Autos Are Driving in the Chip Industry's Blind Spot

    (Bloomberg Opinion) -- For years, technologists have been talking about smarter cars packed with sensors, chips and supercomputers that can replace human drivers.That was enough to get investors excited about the future of automotive semiconductors. An earnings report from NXP Semiconductors NV late Monday reminds us of one slight flaw in the plan: People need to actually buy cars.The Dutch company said revenue will drop approximately 20% this quarter to around $1.8 billion. The figure is in line with estimates that analysts slashed by 23% over the past eight weeks. NXP cut its first-quarter revenue estimate at the start of March, only to fall short of that mark. The company forecast a second-quarter operating loss of as much as $237 million, versus an estimated deficit of $169 million.So far this year, much of the attention in semiconductors has been on whether smartphones are a necessity —  Xiaomi Corp. thinks so, I disagree — and whether work-from-home and streaming demand will drive server sales enough to make up for the drop in consumer spending. The outlook from Taiwan Semiconductor Manufacturing Co. suggests otherwise.NXP, however, is playing in a different arena: It got 47% of its revenue from automotive clients last year. The company said Monday that it was “navigating a challenging and very fluid environment.” That’s an understatement. After a 4.5% decline in global automobile shipments in 2018 and a 3.9% drop last year, hopes that the industry might avoid a third year of contraction are out the window as the Covid-19 pandemic hits demand and supply.NXP isn’t alone. Germany’s Infineon Technologies AG gets 43% of its revenue from the auto sector. This month, the company completed its $9.3 billion(1) acquisition of California’s Cypress Semiconductor Corp. You’ll never guess which sector accounts for 39% of that company’s business. Forgive Infineon shareholders if they start to feel that the 47% premium they paid for Cypress might be a little steep. Ironically, shareholders seem to be forgiving management, with the stock rebounding from a mid-March low to be 30% off its February peak, and back to where it was in early October.Bloomberg Intelligence senior analyst Anand Srinivasan has been ahead of the curve. He predicted two weeks ago that the then-consensus estimate for a 4% decline in NXP revenue this year was conservative, and that 6% might be more realistic. Today, data on the Bloomberg terminal points to a 10% drop, the worst since the financial crisis in 2009.At Infineon, analysts are looking at a 7% drop in sales for the year ending Sept. 30. That may also be conservative.Xiaomi may believe that smartphones are a must-have, and Apple Inc. certainly hopes that its new iPhone SE will find favor even among tight-fisted consumers. But with a global recession on the way, you’d have to be Elon Musk to believe that the auto sector, and the chipmakers that supply them, are going to survive with only minor bruising.(1) Equity plus debt in an all-cash dealThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: Safe places

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. European futures are trading firmly in positive territory, between 2.7% and 3.2%, as the continent's stock markets get ready to catch up with solid gains on Wall Street and Asia.

  • Reuters

    Infineon says Cypress takeover cleared, funding in place

    Infineon Technologies said on Tuesday that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal. The German chipmaker announced the $10 billion takeover last June but the deal took longer than expected to reach the finish line as it underwent a U.S. review of its national security implications. The transaction, which will create a leader in automotive powertrain and in-car systems, is being funded with cash and committed acquisition financing from banks, Infineon said in a statement.

  • A Sliding Share Price Has Us Looking At Infineon Technologies AG's (ETR:IFX) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Infineon Technologies AG's (ETR:IFX) P/E Ratio

    Unfortunately for some shareholders, the Infineon Technologies (ETR:IFX) share price has dived 35% in the last thirty...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Now, that's a rebound

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. DID YOU SOMEONE SAY 'FALLEN ANGELS'?

  • Reuters - UK Focus

    LIVE MARKETS-Can markets bottom when the recession just begins?

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. The PMIs this morning were brutal and showed European economies were set for an unprecedented shock.

  • Reuters - UK Focus

    LIVE MARKETS-When cutting the dividend isn't enough

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. CAC 40 is among the underperformers this morning as flash PMIs for France pointed to services taking a major hit.

  • Reuters - UK Focus

    LIVE MARKETS-No market reaction to Euro zone and UK PMI data

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. "Flash PMIs set to act as foretaste of economic tsunami to come," wrote earlier today Michael Hewson, chief market analyst at CMC Markets UK.

  • Reuters - UK Focus

    LIVE MARKETS-Risk-on trades fuel rally, bloc's PMI data awaited

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. CAC 40 is among the underperformers this morning as flash PMIs for France pointed to services taking a major hit. Among single stocks, France's Biomérieux as expected is topping the charts after it won approval from the FDA for its product aimed at testing for coronavirus.

  • These 4 Measures Indicate That Infineon Technologies (ETR:IFX) Is Using Debt Reasonably Well
    Simply Wall St.

    These 4 Measures Indicate That Infineon Technologies (ETR:IFX) Is Using Debt Reasonably Well

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Bloomberg

    Infineon, Cypress Shares Jump After Deal Wins CFIUS Clearance

    (Bloomberg) -- Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a small step forward for deals in an industry where regulatory and security concerns have stalled consolidation. Shares of both companies surged.“CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns,” Cypress said in a statement Monday. Infineon, based in Munich, also confirmed the approval.The combination still needs sign-off from China’s State Administration for Market Regulation, the companies said.“The most critical hurdle to overcome was CFIUS,” said Holger Schmidt, an analyst at Metzler. “While China pretty much killed the Qualcomm/NXP deal it is important to remember that was in the midst of the trade war between the US and China.” Schmidt added he’s “cautiously optimistic” that the Infineon deal will be approved.Shares of San Jose, California-based Cypress surged more than 40% in extended trading following the announcement. Infineon rose 2.4% to 16.19 euros at 9:09 a.m. in Frankfurt on Tuesday after earlier gaining as much as 6.2%.Semiconductor deals have slowed in recent years because of a U.S.-China trade war and concern among some American policy makers that China is pursuing illicit means to acquire key technology. The attempt to buy Cypress by a German company is seen as a important test of how far the Trump administration is willing to go to curb China’s ambitions. Bloomberg News reported last week that some U.S. national security officials had recommended that President Donald Trump block the transaction.Still, Trump has made some conciliatory statements recently. In a string of tweets last month, the President said that he wants to make it easy for other countries, including China, to do business with the U.S. and keep the lines of trade open.Other industry deals are still in limbo. Santa Clara, California-based Nvidia Corp. is waiting for Chinese approval of its acquisition of Israel’s Mellanox Technologies Ltd. Nvidia executives have said that they expect the transaction to close in the first half of this year. But investors are still concerned that geopolitics may stifle such consolidation.Qualcomm Inc. decided to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV in 2018 after an almost two-year wait for approval.To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • U.S. clears Infineon's $10 billion takeover of Cypress
    Reuters

    U.S. clears Infineon's $10 billion takeover of Cypress

    Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp. Infineon shares opened up 6.1%, regaining some ground lost on a report last week that the Committee on Foreign Investment in the United States (CFIUS) had advised President Donald Trump to block the deal on national security grounds. CFIUS, a body led by the U.S. Treasury, informed Cypress that it had determined "there are no unresolved national security concerns" with the merger, the San Jose, California-based company said in a statement.

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