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Neubiberg (dpa) - After a strong quarter, the chip manufacturer Infineon has raised its forecast for the current fiscal year up to the end of September for the second time.

"Chips are in demand like never before," said CEO Reinhard Ploss on Tuesday.

“The semiconductor market is booming, electronics to accelerate the energy transition and for work and life at home remain in great demand.

The surge in digitization continues. "

Demand currently exceeds supply in almost all areas.

"The Infineon plants are running at full speed and we are continuing to invest in additional capacities," said Ploss. He sees bottlenecks in those segments in which the group purchases chips from contract manufacturers - especially for microcontrollers for cars and products for the Internet of Things. He expects the demand to exceed the supply for a few more quarters. Possibly by 2022.

This is not good news for Infineon's customers suffering from the global semiconductor shortage.

It takes time to build up capacities, and even with contract manufacturers, Infineon can only increase the volumes slowly, despite long and good relationships, as Ploss says.

At least - with the construction of the new production facility in Villach, Austria, Infineon sees itself “fully on schedule”; it should start in the fourth quarter of the business year, ie in September at the latest.

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For the current financial year, Infineon now expects sales of around 11 billion euros, although the delivery restrictions are also slowing the group itself.

In the past quarter, Infineon earned 2.7 billion euros - slightly more than in the previous quarter.

Above all in the important automotive business, things went up.

The profit, however, fell to 203 million euros.

A comparison with the same period of the previous year does not make sense, since then Infineon has taken over the US competitor Cypress Semiconductors.

Its integration is progressing well, said Ploss.

The increased forecast did not impress on the stock market.

The Infineon share was meanwhile more than four percent in the red.

© dpa-infocom, dpa: 210504-99-462618 / 2

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