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logoMorningstarNovember 09, 2020

Infineon Technologies AG: Infineon's Automotive Chip Business Accelerates After COVID Shutdowns; Raising FVE to EUR 30

Symbols
IFNNY
Sector(s)
Technology
Rating
Premium
Current Price
$38.81
Fair Value
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Economic Moat
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Stewardship
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Summary

Infineon was spun off from German industrial conglomerate Siemens in 2000 and today is one of Europe's largest chipmakers. The company is a leader in the automotive and industrial chip markets and has also focused on ID cards and security solutions that include semiconductor content. Infineon has divested itself of some less profitable businesses in recent years, most notably the sale of its wireless chip division to Intel in 2010.

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Analyst Profile

Brian Colello

Sector Director
Brian Colello, CPA, is director of technology, media, and telecom equity research for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. In addition to leading Morningstar’’s technology, media, and telecom sector team, he covers semiconductor and hardware companies. Colello was a senior equity analyst before assuming his current role in 2015. Before joining Morningstar in 2008, he worked in public accounting for KPMG and served as a manager in corporate finance for BMG Music, a subsidiary of Bertelsmann AG.Colello holds a bachelor’s degree in accounting from Bucknell University and a master’’s degree in business administration from Wake Forest. He is also a Certified Public Accountant.