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Infineon posts in-line results, confirms guidance

BERLIN, Feb 5 (Reuters) - Germany's Infineon Technologies on Wednesday reported in-line results in the seasonally weak first quarter of its business year and confirmed its full-year outlook for revenue to grow by 5%.

The Munich-based supplier of automotive, power management and security chips also said it expected its $10 billion takeover of Silicon Valley-based Cypress Semiconductor to close around the end of the current quarter. (Reporting by Douglas Busvine Editing by Michelle Martin)