💨 Abstract
Infineon, a German chipmaker, saw its shares rise by 11% after reporting Q3 results above expectations and upgrading its full-year revenue outlook. The company expects flat to slightly increased automotive revenue for FY25 and a significant increase in the Power & Sensor segment due to AI server products. CEO Jochen Hanebeck anticipates a gradual recovery in demand following an expected inventory reduction.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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