Neubiberg (dpa) - The chip manufacturer Infineon is again somewhat more optimistic after good business in the second quarter (end of March).

For the current 2020/2021 financial year, the Dax group now expects a sales volume of around 11.0 billion euros and thus slightly more than last targeted in February, as Infineon announced on Tuesday in Neubiberg near Munich.

So far, the semiconductor specialist had expected revenues of around 10.8 billion euros after the billion-dollar takeover of the US group Cypress Semiconductor.

Infineon now expects the operating margin (segment profit margin) to be around 18 percent.

The chip manufacturer had previously calculated at 17.5 percent.

The planned investments should continue to be around 1.6 billion euros.

“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, »said CEO Reinhard Ploss.

Infineon is right on course on the way to its goals for the fiscal year.

© dpa-infocom, dpa: 210504-99-457864 / 3