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Infineon Technologies AG

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Infineon is benefiting from strength in company’s Industrial Power Control (“IPC”) and Power Management & Multimarket (“PMM”) business segments. Robust adoption of photovoltaic appliances and sturdy traction business, and AC/DC conversion are key catalysts. Additionally, increasing production capacity of 300 mm wafer in Villach is anticipated to favor growth prospects, going ahead. However, a lackluster payment and Authentication domain, and soft demand for smartphone devices are major concerns. Further, uncertain macroeconomic conditions and imposition of tariff owing to trade war between the United States and China compelled the company to reduce anticipated growth in fiscal 2019. The company’s requirement of large capital investments to maintain a competitive cost position is likely to limit margin expansion.

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