Infineon CEO Jochen Hanebeck talks about market prospects

Jochen Hanebeck, CEO of Infineon Technologies AG, said in a statement: "At present, our end markets have little growth momentum, except in the field of artificial intelligence, and the cyclical recovery is being delayed. Therefore, we are preparing for slower business growth in fiscal 2025." Previously, Infineon had lowered its revenue forecast for fiscal 2024 three times as the expected recovery in the automotive industry failed to materialize.