Home / news / “Reuters” said : Infineon raises 2017 outlook on stronger automotive orders

“Reuters” said : Infineon raises 2017 outlook on stronger automotive orders

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Infineon said it expected 2017 revenue to rise by between 8 and 11 percent, with an operating margin of around 17 percent.
The automotive unit accounts for more than 40 percent of revenues at Infineon.
Shareholders arrive for the annual meeting of German semiconductor manufacturer Infineon in Munich, southern Germany, February 16, 2017.
REUTERS/Michaela RehleFRANKFURT German chipmaker Infineon (IFXGn.DE) raised its outlook for the second quarter and for its 2017 financial year, citing better-than-expected orders for the chips it makes for cars.
Analysts said at the time the outlook was conservative, especially given its strong position in the automotive sector.

referring to

Italy’s MotorK, a company that offers digital services to the automotive industry, raises $10M Series A

Italy’s MotorK, a company that offers digital services to the automotive industry, raises $10M Series A

MotorK, an Italian company that offers a number of digital products to the automotive industry, has raised $10 million in Series A funding.
The company also runs Internet Motors, which claims to be the largest digital automotive event network in the EMEA region.
Amongst its offerings are DriveK, a new European car marketplace that could be considered a competitor to something like Carwow, and a SaaS platform for car dealers called DealerK.
We’re now servicing 90 per cent of European car brands and over 100,000 dealers,” says Marlia.
Noteworthy, this is the first time MotorK has taken outside funding, having bootstrapped the company, and says it’s been profitable for the last six years.

referring to

Infineon raises 2017 outlook on stronger automotive orders

Analysts said at the time the outlook was conservative, especially given its strong position in the automotive sector.
Infineon said it expected 2017 revenue to rise by between 8 and 11 percent, with an operating margin of around 17 percent.
The automotive unit accounts for more than 40 percent of revenues at Infineon.
Shareholders arrive for the annual meeting of German semiconductor manufacturer Infineon in Munich, southern Germany, February 16, 2017.
REUTERS/Michaela RehleFRANKFURT (Reuters) – German chipmaker Infineon (IFXGn.DE) raised its outlook for the second quarter and for its 2017 financial year, citing better-than-expected orders for the chips it makes for cars.

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