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Germany-based semiconductor giant Infineon Technologies AG (IFNNY) reported adjusted earnings per share (EPS) of ???0.16 (18 cents) for fourth-quarter fiscal 2015, in line with the year-ago tally.
German chipmaker Infineon's integration of its $3 billion acquisition of International Rectifier is running ahead of schedule, the company said on Thursday, helping it to report better than expected profits and leaving it free to consider its next move in a rapidly consolidating industry. Strong fourth-quarter results and comments by executives about its appetite for further merger deals lifted Infineon's shares by nearly 15 percent to a 13-year high of 13.39 euros. Infineon - whose electronic chips activate car airbags, enable cruise control, manage power supplies and cut vehicle emissions - also predicted a further rise in revenue this year to the top end of analysts' forecasts.
Leading semiconductor and complete systems solutions provider Infineon Technologies AG's (IFNNY) second-quarter fiscal 2015 earnings rose 18% year over year to EUR 0.13 (15 cents).