Times may be tough, but Infineon is adjusting and that has enabled Europe’s second biggest chipmaker to buck the downward trend.
On Wednesday in Frankfurt its share price was up 5.88 percent at the close, posting the biggest gain on the Dax.
In the last quarter of its fiscal year, the German group’s operating profit dropped by 41 percent, because of a steep rise in running costs. But its revenue had only decreased by 5 percent. These results are not as bad as feared, which explains why the group has maintained its dividend unchanged.