Peter Bauer News
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Infineon Technologies AG, Europe’s second-biggest semiconductor maker, plans to reduce spending next year after reporting fourth-quarter sales and operating profit that topped analysts’ estimates.
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Infineon Technologies AG Chief Executive Officer Peter Bauer said the sales target for the current fiscal year may be “conservative” as Europe’s second- largest chipmaker is awash with orders.
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Infineon Technologies AG ’s Chief Executive Officer Peter Bauer says a focus on tailor-made chips for cars and machinery is helping Europe’s second-largest semiconductor maker overcome the industry’s sharp price and demand swings.
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Infineon Technologies AG, Europe’s second-largest chipmaker, will have faster revenue growth than the rest of the semiconductor market as demand increases for smartphones and power efficiency, Chief Executive Officer Peter Bauer said.
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Infineon Technologies AG , Europe’s second-largest chipmaker, sees “disproportionately high growth opportunities” on demand for semiconductors that reduce power consumption and go into cars and trains.
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Infineon Technologies AG, Europe’s second-largest semiconductor maker, said Chief Executive Officer Peter Bauer will step down because of “severely worsening” osteoporosis and appointed a board member as successor.
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Infineon Technologies AG , Europe’s second largest maker of semiconductors, will keep some of its more than 2 billion euros ($2.9 billion) in net cash for opportunistic acquisitions in its three main businesses.
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German semi-conductor maker Infineon Technologies AG expects only a “slight” drop in sales this year compared with 2011, Welt-am-Sonntag reported, citing an interview with Chief Executive Officer Peter Bauer.
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European stocks retreated, snapping two days of gains, as Greece moved closer to a possible exit from the euro currency union and German Chancellor Angela Merkel’s party lost a state election.
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Infineon Technologies AG, Europe’s second-biggest semiconductor maker, will reduce spending to cope with slowing chip demand that’s pulling down its sales and profit. The shares rose the most in almost a year.
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