IFNNY - Infineon Technologies AG

Other OTC - Other OTC Delayed Price. Currency in USD
14.75
-1.22 (-7.64%)
At close: 3:52PM EDT
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Previous Close15.97
Open15.21
Bid0.00 x 0
Ask0.00 x 0
Day's Range14.75 - 15.21
52 Week Range11.00 - 24.90
Volume1,059,075
Avg. Volume296,662
Market Cap17.6B
Beta (5Y Monthly)1.04
PE Ratio (TTM)13.31
EPS (TTM)1.11
Earnings DateN/A
Forward Dividend & Yield0.29 (1.83%)
Ex-Dividend DateFeb 20, 2020
1y Target Est26.40
  • These 4 Measures Indicate That Infineon Technologies (ETR:IFX) Is Using Debt Reasonably Well
    Simply Wall St.

    These 4 Measures Indicate That Infineon Technologies (ETR:IFX) Is Using Debt Reasonably Well

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Bloomberg

    Infineon, Cypress Shares Jump After Deal Wins CFIUS Clearance

    (Bloomberg) -- Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a small step forward for deals in an industry where regulatory and security concerns have stalled consolidation. Shares of both companies surged.“CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns,” Cypress said in a statement Monday. Infineon, based in Munich, also confirmed the approval.The combination still needs sign-off from China’s State Administration for Market Regulation, the companies said.“The most critical hurdle to overcome was CFIUS,” said Holger Schmidt, an analyst at Metzler. “While China pretty much killed the Qualcomm/NXP deal it is important to remember that was in the midst of the trade war between the US and China.” Schmidt added he’s “cautiously optimistic” that the Infineon deal will be approved.Shares of San Jose, California-based Cypress surged more than 40% in extended trading following the announcement. Infineon rose 2.4% to 16.19 euros at 9:09 a.m. in Frankfurt on Tuesday after earlier gaining as much as 6.2%.Semiconductor deals have slowed in recent years because of a U.S.-China trade war and concern among some American policy makers that China is pursuing illicit means to acquire key technology. The attempt to buy Cypress by a German company is seen as a important test of how far the Trump administration is willing to go to curb China’s ambitions. Bloomberg News reported last week that some U.S. national security officials had recommended that President Donald Trump block the transaction.Still, Trump has made some conciliatory statements recently. In a string of tweets last month, the President said that he wants to make it easy for other countries, including China, to do business with the U.S. and keep the lines of trade open.Other industry deals are still in limbo. Santa Clara, California-based Nvidia Corp. is waiting for Chinese approval of its acquisition of Israel’s Mellanox Technologies Ltd. Nvidia executives have said that they expect the transaction to close in the first half of this year. But investors are still concerned that geopolitics may stifle such consolidation.Qualcomm Inc. decided to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV in 2018 after an almost two-year wait for approval.To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • U.S. clears Infineon's $10 billion takeover of Cypress
    Reuters

    U.S. clears Infineon's $10 billion takeover of Cypress

    Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp. Infineon shares opened up 6.1%, regaining some ground lost on a report last week that the Committee on Foreign Investment in the United States (CFIUS) had advised President Donald Trump to block the deal on national security grounds. CFIUS, a body led by the U.S. Treasury, informed Cypress that it had determined "there are no unresolved national security concerns" with the merger, the San Jose, California-based company said in a statement.

  • MarketWatch

    Cypress Semi stock explodes 45% higher after CFIUS blesses acquisition

    Cypress Semiconductor Corp. shares jumped 45% in after-hours trading Monday after the company revealed that it had received clearance from the Committee on Foreign Investment in the United States, or CFIUS, to be acquired by a German company. Cypress shares tanked last week after Bloomberg News reported that CFIUS had recommended to President Donald Trump that he block Infineon Technologies AG's planned acquisition for national-security concerns, citing anonymous sources. Trump and CFIUS have blocked acquisitions of chip makers like Cypress by Asian companies in recent years, due to concerns about Chinese ownership of high-tech intellectual property. Cypress noted in its announcement that it must still receive clearance from Chinese regulators among other closing conditions. Infineon agreed to acquire Cypress for $23.85 a share in June, but shares fell from near that level to $15.28 at Monday's close after the Bloomberg report. After Cypress announced the clearance Monday afternoon, shares topped $22 apiece in extended trading.

  • TheStreet.com

    [video]A Cypress/Infineon Deal Rejection Could Have Broader Chip M&A Repercussions

    Should U.S. regulators block the Cypress/Infineon deal on national security grounds, China could respond by blocking M&A; transactions involving U.S. acquirers.

  • TheStreet.com

    Cypress Semiconductor Plunges as Trump Weighs Blocking Infineon's $8.7 Billion Bid

    Semiconductor maker and designer Cypress Semiconductor plunges amid reports the Trump administration may block Infineon Technologies' proposed $8.7 billion takeover bid.

  • Bloomberg

    Trump Blocks Chinese Deal for U.S. Software Firm StayNTouch

    (Bloomberg) -- President Donald Trump ordered the Chinese acquisition of a hotel property management software company reversed on national security grounds.Trump ordered Beijing Shiji Information Technology Co. to unwind its 2018 acquisition of StayNTouch Inc., the White House said in a statement on Friday.Trump said there was “credible evidence” the Chinese company “might take action that threatens to impair the national security of the United States.”The order marked the third time Trump has blocked a foreign takeover of a U.S. company on national security grounds, and just the sixth time a U.S. president has done so in three decades.The Trump administration has ramped up scrutiny of Chinese acquisitions of American businesses over risks to national security. The panel that reviews foreign investments in U.S. firms, the Committee on Foreign Investment in the U.S., has thwarted a number of Chinese deals, especially for technology companies.CFIUS has raised security concerns about Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., and has recommended the Trump block it, Bloomberg News reported on Thursday.The Trump administration previously blocked a Chinese deal for Lattice Semiconductor Corp. and Broadcom Inc.’s hostile bid for Qualcomm Inc. Although Broadcom was based in Singapore at the time, the administration cited fears that the deal would harm innovation by Qualcomm and give China an edge in developing wireless technology.Beijing Shiji provides software for the hospitality, food service, retail and entertainment industries. The White House order doesn’t specify the national security risks at issue, but said Beijing Shiji is prohibited from accessing hotel guest data through StayNTouch, which is based in Bethesda, Maryland.(Updates with order in fourth paragraph.)\--With assistance from Jenny Leonard.To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Ros KrasnyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Infineon Deal Scrutiny Raises Trade Threat to Europe Tech Firms
    Bloomberg

    Infineon Deal Scrutiny Raises Trade Threat to Europe Tech Firms

    (Bloomberg) -- U.S. officials are dragging Europe’s technology industry more deeply into a trade war with China, threatening the region’s ability to create its own semiconductor giants.The Committee on Foreign Investment is urging President Trump to block Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp., claiming it poses a risk to national security, Bloomberg News first reported Thursday. Although it wasn’t clear what spooked Cfius, both Infineon and Cypress have Chinese customers including Huawei Technologies Co. Cfius is sensitive about deals allowing Chinese buyers to get their hands on advanced American technology.QuickTake: All About CFIUS, Trump’s Watchdog on China DealmakingEurope’s tech firms have tried to stay neutral in the power struggle. Semiconductor makers said earlier this year that they’d keep supplying Huawei after after a Trump’s administration order in May demanding U.S.-based companies stop. At the time a spokesman for Infineon said the majority of products it delivers to Huawei were not subject to U.S. restrictions.In recent months European lawmakers have pushed back against Trump’s calls to cut Huawei out of European telecom infrastructure. The U.K., France, and Germany are all looking to keep the door open to the Chinese telecom giant in some way, nubbing the U.S. view that Huawei could be a security risk. Italy, Croatia, Hungary and Switzerland have signed partnerships with Huawei.Huawei is Infineon’s sixth-largest customer accounting for about 2.4% of sales, according to supply chain data compiled by Bloomberg. Other Chinese buyers of Infineon products include iPhone-assembler Hon Hai Precision Industry Co. and Tencent Holdings Ltd.“Obviously national security considerations are very important,” said Keily Blair, Partner at law firm Orrick. “It would be good to see an evidence-based approach in the U.S., similar to what we have seen in the U.K. with Huawei.”In 2017, Cfius blocked Infineon’s proposed deal for Wolfspeed, a semiconductor unit of U.S.-based Cree Inc. Aixtron SE’s planned sale to a Chinese-backed company collapsed in 2016 after U.S. opposition. Trump has also blocked Broadcom Inc.’s hostile takeover of Qualcomm Inc.“We have always been less sure about the regulatory approvals than Infineon management,” said Citigroup Inc. analyst Amit Harchandani, “given the number of recent cross-border deals failing to clear the regulatory hurdle.”The U.S. is also trying to dictate who European firms do business with. Dutch chip gear-maker ASML Holding NV has had difficulty renewing an export license to China following U.S. political pressure. The company wants to sell equipment to China that would help the company produce its own next-generation chips and help it wean itself off foreign imports.In January, U.S. ambassador to the Netherlands Pete Hoekstra told Dutch newspaper Het Financieele Dagblad that ASML’s technology “doesn’t belong in certain places,” suggesting China. The Chinese ambassador, Xu Hong, had warned days earlier in the same paper that the relationship between the Netherlands and China was at risk if the government blocks EUV machine exports.Other European tech deals are now in focus. British chip designer Dialog Semiconductor is another key figure in the European tech supply chain with Chinese customers and American acquisition targets. In February, it said it’d agreed to buy Santa Clara, California-based Adesto Technologies Corp. for about $380 million.Dialog’s biggest customer is Apple Inc., but Huawei is its third-largest with an exposure of about 2.1%. Dialog CEO Jalal Bagherli declined to comment when contacted by Bloomberg on Friday.Although Cypress’s share price has collapsed following the report that Cfius is interested in the deal, some analysts believe all is not lost. “We believe mitigation conditions might still be an option and it would be premature to assume the deal is off,” said Citi’s Harchandani.“We believe worst-case we have a delay until the closing,” Vijay Rakesh, analyst at Mizuho Sescurites, said. A “potential delay or divestiture would be par for the course, but we see deal as mostly consummated.”\--With assistance from Nate Lanxon.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Nate Lanxon, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Infineon collaborates with Qualcomm to enable high-quality standard solution for 3D authentication
    PR Newswire

    Infineon collaborates with Qualcomm to enable high-quality standard solution for 3D authentication

    Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) worked with Qualcomm Technologies, Inc. to develop a reference design for 3D authentication based on the Qualcomm® Snapdragon™ 865 Mobile Platform further extending Infineon's application portfolio of 3D sensor technology for mobile devices. The reference design uses the REAL3™ 3D Time-of-Flight (ToF) sensor and enables a standardized, cost-effective and easy-to-design integration for smartphone manufacturers. Infineon's 3D ToF sensor technology has a proven four year track record in the mobile device market. At the CES 2020 in Las Vegas, the company introduced the world's smallest (4.4 mm x 5.1 mm) yet most powerful 3D image sensor with VGA resolution. It meets the highest requirements for face authentication, enhanced photo features and authentic augmented reality experiences.

  • Reuters

    MORNING BID-Between stimulus euphoria and virus dejection

    Two-year U.S. Treasury yields have dropped almost 85 bps in the past two weeks – their biggest two-week drop since 1987. The slide in U.S. Treasury yields further eroded the dollar's interest rate advantage.

  • Trump Advised to Halt Infineon Deal Amid China Security Risk
    Bloomberg

    Trump Advised to Halt Infineon Deal Amid China Security Risk

    (Bloomberg) -- U.S. national security officials are recommending that President Donald Trump block Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., according to people familiar with the matter.The officials are concerned that Infineon’s $8.7 billion deal for the American chipmaker poses a risk to national security, said three people familiar with the matter. Infineon, a German semiconductor maker with substantial Chinese revenue, has tried to negotiate an agreement with the government that would let the takeover proceed, but hasn’t been able to reach a deal, one of the people said. All of the people asked not to be named discussing a national security matter.It wasn’t clear why officials with the Committee on Foreign Investment in the U.S., which reviews foreign takeovers of U.S. businesses, see a national security risk from the deal. The panel, however, is particularly sensitive to any transaction that could allow Chinese buyers to get their hands on advanced American technology.Read more: About CFIUS, Trump’s Watchdog on China Deals: QuickTakeCypress shares fell as much as 21% earlier before closing down 17.4 percent at $19.18. The shares dropped an additional 10% in extended trading on Thursday. Infineon fell as much as 5% in trading in Frankfurt on Friday.Cfius, which is led by the Treasury Department, can recommend the president block deals to protect national security. Congress gave the panel enhanced powers in 2018 to scrutinize foreign investment in U.S. companies.The Cypress deal would catapult Infineon into the top 10 of global chipmakers based on sales. Infineon derives a third of its sales from China, according to data compiled by Bloomberg.The White House’s National Security Council and Cypress declined to comment. Infineon didn’t immediately respond to requests for comment. Cfius as a policy never comments on its reviews.Infineon told investors on an earnings call last month that it was negotiating a potential settlement for the deal.“We have a very good understanding about the requirements of U.S. government, what they expect and we are working together with them in order to resolve that,” Infineon Chief Executive Officer Reinhard Ploss said. “Our expectation is that we find a setup, which is supporting our revenue synergies.”Cypress, based in San Jose, sells components to the defense industry, although its products are not considered particularly sensitive. The company’s website highlights several offerings that are either suitable or designed for aerospace and defense customers, including “defense grade memory” parts that can “withstand military operating temperature ranges.”The Trump administration has toughened its review of foreign acquisitions of U.S. businesses, particularly technology companies. Trump has blocked two takeovers on national security grounds, Broadcom Inc.’s hostile takeover of Qualcomm Inc. and Lattice Semiconductor Corp.’s sale to a Chinese-backed investor.In 2017, Infineon tried to buy Wolfspeed, a semiconductor unit of U.S.-based Cree Inc., but the the deal was blocked by Cfius. Wolfspeed manufactures a type of semiconductor increasingly used in telecommunications and radar systems.(Updates with Cypress, Infineon shares in fourth paragraph)\--With assistance from Ian King and Joshua Fineman.To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, ;Alex Wayne at awayne3@bloomberg.net, ;Margaret Collins at mcollins45@bloomberg.net, Paula Dwyer, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    U.S. officials ask Trump to block Infineon's Cypress deal -Bloomberg News

    U.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AG's proposed $10 billion deal to buy Cypress Semiconductor Corp as it poses a security risk, Bloomberg News reported on Thursday, citing people familiar with the matter. The report https://bloom.bg/2IoTpf6 said it was not clear why officials with the Treasury-led Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks, saw a risk from the deal. The White House, the Treasury and Infineon did not respond to a request for comment.

  • GlobalSign and Infineon Combine Forces to Strengthen IoT Device Identity and Trustworthiness for Simplified, Seamless Enrollment into Microsoft Azure IoT Hub
    PR Newswire

    GlobalSign and Infineon Combine Forces to Strengthen IoT Device Identity and Trustworthiness for Simplified, Seamless Enrollment into Microsoft Azure IoT Hub

    GMO GlobalSign (www.globalsign.com), a global Certificate Authority (CA) and leading provider of identity and security solutions for the Internet of Things (IoT), and semiconductor manufacturer Infineon Technologies AG, today announced a solution that secures, simplifies, and streamlines device enrollment into Microsoft Azure IoT Hub and IoT Hub Device Provisioning Service. The collaboration eases complex device identity integration challenges and delivers a proven path for IoT device security literally from chip to cloud.

  • iMOTION(TM) IMC300 adds Arm(R) MCU for maximum flexibility
    PR Newswire

    iMOTION(TM) IMC300 adds Arm(R) MCU for maximum flexibility

    Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is releasing the new IMC300 motor controller series. It combines the iMOTION™ Motion Control Engine (MCE) with an additional microcontroller based on the Arm® Cortex®-M0 core. IMC300 is best suited for variable speed drives that require very high application flexibility. Like the IMC100, IMC300 share the same implementation of the MCE 2.0 providing ready-to-use motor and an optional PFC control. Applying the MCE for motor control, customers can focus on their system application that runs fully independently on the embedded Arm® microcontroller.

  • Reuters

    Infineon sees only minor impact from coronavirus

    German chipmaker Infineon said on Tuesday it was only seeing a minor impact from the coronavirus outbreak in China, while it was not yet in a position to make a reliable forecast on the impact of the epidemic. "So far, we see only a minor impact on our business on both the supplier and customer side," the Munich-based company said in a statement. Infineon was one of a number of European chip stocks hit on Tuesday by smartphone giant Apple's warning that it would miss its sales guidance in the quarter to March due to production disruptions in China.

  • European Equities: Stats, the ECB’s Economic Bulletin and EU Economic Forecasts Are in Focus
    FX Empire

    European Equities: Stats, the ECB’s Economic Bulletin and EU Economic Forecasts Are in Focus

    Expect the ECB, the EU, and stats out of Germany to provide direction later in the day. News updates on the coronavirus will also be in focus, however.

  • Barrons.com

    Infineon Stock Rises as German Chip Maker Dodges Coronavirus and Posts In-Line Results

    Shares in Infineon are up more than 9% after the German chip maker reported results in line with expectations and confirmed that it expects revenue to grow by 5% in the full year.

  • ACCESSWIRE

    Infineon Technologies AG to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 5, 2020 / Infineon Technologies AG (OTCMKTS:IFNNY) will be discussing their earnings results in their 2020 First Quarter Earnings to be held on February 5, 2020 at ...

  • Stocks jump on unverified coronavirus cure reports
    Reuters Videos

    Stocks jump on unverified coronavirus cure reports

    Hopes of a coronavirus cure may have helped European stocks jump on Wednesday (February 5). After a flat start, benchmark indexes suddenly rose around 1%. Several traders told Reuters that was down to reports out of China. A TV station there claims that one university has found a drug to treat the virus. Reuters hasn't yet been able to verify that story, which is just the latest of several claims of medical breakthroughs. Meanwhile, euro zone shoppers may... or may not... be helping to lift the mood. Retail sales in December came in significantly weaker than expected. But January's Services PMI survey beat forecasts. Germany in particular is looking healthier. Activity in its service sector grew at the fastest pace in five months. Overall the euro zone figure climbed to 52.5 - edging away from the 50 point line that divides expansion and contraction. The day's earnings reports were mostly positive. German chipmaker Infineon soared as much as 8% after it met targets for the first quarter. That helped tech stocks rise for a third straight session. Imperial Brands was one big exception to the upbeat mood though. Shares in the tobacco group fell as much as nine percent after it warned on profits. The maker of Winston and other brands says it's suffering from tighter regulation of vaping in the U.S.

  • Infineon Technologies net profit and revenue fall amid ‘difficult conditions’
    MarketWatch

    Infineon Technologies net profit and revenue fall amid ‘difficult conditions’

    Infineon Technologies AG (IFX.XE) said Wednesday that net profit and revenue for the first quarter of its fiscal year fell amid a difficult environment.

  • Reuters

    RPT-GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard

    With the death toll rising to 213 despite travel restrictions, the impact was most evident in European equity markets in shares of companies which pocket the bulk of their revenues from China, the world's fastest-growing consumer market. The pan-European STOXX 600 index is poised for its biggest weekly loss in four months, while among individual stocks Germany's Infineon, which gets two-thirds of its revenue from China, has fallen 10% despite strong quarterly results from Apple, its biggest customer. The Goldman Sachs' "China exposure" basket of European stocks has slumped 5% this week alone.

  • Reuters

    GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard

    With the death toll rising to 213 despite travel restrictions, the impact was most evident in European equity markets in shares of companies which pocket the bulk of their revenues from China, the world's fastest-growing consumer market. The pan-European STOXX 600 index is poised for its biggest weekly loss in four months, while among individual stocks Germany's Infineon, which gets two-thirds of its revenue from China, has fallen 10% despite strong quarterly results from Apple, its biggest customer. The Goldman Sachs' "China exposure" basket of European stocks has slumped 5% this week alone.

  • Does Infineon Technologies AG's (ETR:IFX) CEO Pay Matter?
    Simply Wall St.

    Does Infineon Technologies AG's (ETR:IFX) CEO Pay Matter?

    Reinhard Ploss has been the CEO of Infineon Technologies AG (ETR:IFX) since 2012. This report will, first, examine the...

  • Barrons.com

    Got Netflix and Tesla Stock Wrong? Welcome to the Benevolent Order of Capitulating Bears.

    There will be hats with furry ears, one stitched with the ticker symbol for (TSLA) and the other with (NFLX) We’ll sponsor a Little League team, not worry about its fundamentals, and insist it can go all the way. “We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software,” he wrote, raising his price target from $160 to $410, versus the stock’s recent $572.