STOCKHOLM (Reuters) – Infineon, the leading supplier of microchips to the auto industry, on Monday reported a 22% rise in second-quarter revenue, helped by high demand for its chips due to a global shortage of semiconductors.
The Munich-based company’s revenue grew to 3.30 billion euros ($3.47 billion) ahead of expectations of 3.21 billion euros, according to IBES data from Refinitiv.
($1 = 0.9517 euros)
(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Simon Johnson)
