|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.88 - 19.20|
|52 Week Range||17.90 - 29.82|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||17.08|
|Forward Dividend & Yield||0.31 (1.29%)|
|1y Target Est||28.20|
It has gone from bad to worse for the beleaguered semiconductor industry. The escalating trade war between the U.S. and China deepened Monday on reports that some Huawei Technologies suppliers had halted shipments to the Chinese company. Shares of (LITE) (ticker: LITE), a maker of optical and photonic products, dropped 4% after it trimmed its profit guidance for the current quarter as a result of ceasing all shipments to Huawei.
In the case of Huawei being blacklisted by the Trump administration, that might open a window for non-U.S. semiconductor companies to jump through. A spokesman for Infineon said Monday that the company's exports to Huawei are not subject to U.S. restrictions, seemingly at odds with reports from Nikkei that it had agreed to comply with restrictions. As Europe did with resistance to U.S. and Australian calls for a ban on Huawei's 5G equipment, the region has remained silent on the Chinese company's status for its firms.
Global risk appetite was jolted after Reuters reported Alphabet Inc's Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc said it had discontinued all shipments to Huawei. "Seeing as the United States has taken a tough stance against Huawei, traders are not hopeful that the U.S.-China trade dispute will be resolved quickly," David Madden, market analyst at CMC Markets UK, wrote in a note. Germany's DAX dropped 1.6%, while French stocks shed 1.5%.
While the sector has been one of the biggest casualties of the escalation of trade tensions between the U.S. and China, news on Monday that some Huawei Technologies Co. suppliers are said to have halted shipments to the Chinese company sent chipmakers plummeting. The Philadelphia Semiconductor index fell as much as 3.3% in New York, its biggest drop in a week, while in Europe, the Stoxx 600 Technology Index slid 3%. The company said in a statement that it cannot predict when shipments will resume.
U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. The selling came after Nikkei Asian Review reported that Infineon had halted shipments to Huawei after Washington added the world's No. 2 smartphone maker to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies. Reuters reported that Alphabet Inc's Google had suspended some business with Huawei and Lumentum Holdings Inc, seen as a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
German chipmaker Infineon is continuing most shipments to Huawei, it said on Monday, denying a report in Japan's Nikkei daily that it had suspended deliveries to the Chinese telecoms firm. Infineon, which makes power-management chips used in cars, smartphones and wind turbines, said most of its products were not covered by the U.S. export control restrictions announced by the Trump administration last Thursday. "As of today, the great majority of products Infineon delivers to Huawei is not subject to U.S. export control law restrictions, therefore those shipments will continue," Infineon said in a statement.
On Friday, the administration barred U.S. firms from supplying components to the Chinese maker of telecommunications equipment, which it accuses of helping Beijing to spy. For now, the moves by Germany’s Infineon Technologies AG and others are precautionary while the finer details of the ban are examined. Companies are unsure whether the restriction extends to the U.S. operations of European firms.
A spokesman for Infineon Technologies AG -- one of Europe’s largest chipmakers -- said the majority of products it delivers to Huawei are not subject to U.S. restrictions, adding that the chipmaker can "make adaptions in our international supply chain." Austria-based AMS AG also said that it had not suspended shipments to Huawei. Infineon has suspended deliveries to Huawei, Nikkei Asian Review reported earlier Monday, citing two people familiar with the matter. The U.S. Commerce Department has said it will put Huawei on an “Entity List” -- meaning any U.S. company will need a special license to sell products to the world’s largest networking gear maker and second-largest smartphone brand.
German chipmaker Infineon has suspended shipments to Huawei Technologies, in a sign that Washington's crackdown on the Chinese tech company is beginning to hamper its supplies beyond the United States, Nikkei Asian Review reported on Monday. Infineon had no immediate comment. Citing two people familiar with the matter, Nikkei reported that Infineon's decision to stop deliveries came after the Trump administration on Thursday officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom firm to do business with U.S. companies.
Infineon (IFNNY) second-quarter fiscal 2019 results benefited from solid performance of ATV, PMM and IPC segments. However, near-term weakness in end-markets remains a woe.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Infi...
German chipmaker Infineon Technologies AG said on Tuesday that a slump in demand had led to an inventory pile-up that would only plateau this summer, keeping pressure on profit margins. Infineon, which makes high-performance power chips used in everything from cars to server farms and smartphones, has been forced by a China-led slowdown to lower its revenue guidance twice already this year. While declaring an industry boom over, CEO Reinhard Ploss stood by his view that sales would rise 5 percent to 8 billion euros ($8.96 billion) in the year to Sept. 30, as Infineon reported flat sequential sales in the second quarter and said margins had held up better than expected.
Infineon Technologies AG and E2open received the prestigious Singapore International Chamber of Commerce (SICC) Award in the category of Best Technological Collaboration. The collaborative Infineon and E2open project, entitled “Global Production Network,” established a platform based on E2open’s Manufacturing Visibility technology for Infineon to achieve global visibility over its manufacturing related supply chains, involving both internal and external manufacturing.
MUNICH and TOKYO, April 24, 2019 /PRNewswire/ -- Strong growth in a strategically important market: According to the latest research from Strategy Analytics*, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) increased its automotive business in Japan by almost 25 percent in 2018. It thus grew faster than any other of the top ten automotive semiconductor suppliers in the country. A key pillar to Infineon's success is its quality leadership strategy.
Today we are going to look at Infineon Technologies AG (ETR:IFX) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into h...
Enphase Energy, Inc. (ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that the Company has entered into a multi-year supply agreement with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for its power transistors developed using CoolMOS™ C7 Gold (G7) superjunction MOSFET technology. The agreement is expected to provide Enphase with an increased supply of high-voltage power transistors starting in the second half of 2019. The high demand for power transistors from the electric vehicle (EV) industry has created industry-wide shortages, impacting Enphase’s revenue and gross margin in the past two quarters.
The accelerated pace could see TSMC running at full capacity by the third quarter, the Digitimes reported, suggesting industry forecasts of a second half turnaround in global chip demand could prove accurate. AMD shares were marked 5.9% higher Wednesday at $28.31 each for the key TSMC client. Micron, meanwhile, was seen 4.15% higher at $44.20 each.
Infineon trims outlook on weak China end market. Macro woes make us anxious about near-term results of NXP Semiconductors (NXPI), Applied Materials (AMAT), Skyworks (SWKS) & Cirrus Logic (CRUS).
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Let's talk about the popular Infineon Technologies AG (ETR:IFX). The company's shares...