LONDON German chip company Infineon Technologies AG (Munich, Germany) has raised the guidance for the first quarter of its 2009/10 fiscal year, which ends of Dec. 31, 2009.
The company said it now expects high single digit growth in group revenues compared to the fourth quarter of the 2008/09 fiscal year. In the previous outlook for the first quarter of the 2009/10 fiscal year as given on Nov. 19, 2009, Infineon said it expected revenues to be approximately on the same level as in the fourth quarter of the 2008/09 fiscal year.
This increase is mainly driven by the Automotive and Industrial & Multimarket parts of Infineon' business, the company said.
"This pleasing performance is the result of our leading market positions and strict cost management, helped also by an improved industry environment," said Peter Bauer, CEO of Infineon, in a statement.
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