Infineon closes 2021 fiscal year with record quarter

The German semiconductor giant reports fourth quarter revenue of EUR 3.00 billion, an increase of 10% from the preceding quarter and up 21% from the same period 2020. For the full fiscal year of 2021 the company managed to record revenues of 11.06 billion, an increase of 29% from 2020. "Our corporate strategy is fully focused on the key trends of electrification and digitalization. We have established a first-class position that is enabling us to shape both of these fields with innovative technologies. In light of the continued high demand for semiconductors needed for the energy-efficient, connected world, we expect the 2022 fiscal year to be a strong one. We are investing significantly more in order to take advantage of opportunities to grow. We are continuing to expand our manufacturing capacities – for silicon as well as for the compound semiconductors silicon carbide and gallium nitride," says Dr. Reinhard Ploss, CEO of Infineon in a press release. Operating profit for the fourth quarter of the 2021 fiscal year rose to EUR 478 million, compared with EUR 347 million in the previous three-month period. Operating profit for the entire financial year of 2021 fiscal year increased to EUR 1.47 billion, compared with EUR 581 million in 2020.