Shares in Infineon fell 7 per cent on Thursday after Europe’s second-largest chipmaker gave a downbeat assessment of its prospects, warning investors to continue to expect low revenues and saying it was unclear how robust the current sector recovery was.
Peter Bauer, chief executive, said the company was still a “long way’ from sustained profitability in spite of returning to the black in its fourth quarter to the end of September after 10 consecutive quarters of losses.
