FRANKFURT, May 8 (Reuters) - German chipmaker Infineon
Technologies reported stable order intake on Thursday
but lowered its full-year revenue outlook due to uncertainty
over global tariff disputes.
U.S. President Donald Trump has said tariffs on
semiconductor chips would start at "25%, or higher," rising
substantially over the course of a year, but has not specified
when these would come into effect, putting chipmakers in limbo.
"Given that order intake still shows no signs at all of
slowing down, we can only guesstimate the effects of tariff
disputes," CEO Jochen Hanebeck said in a statement.
He added the company had applied a haircut of 10% of
expected revenue in the last quarter of its fiscal year, which
ends on September 30.
In its 2024 fiscal year, revenue came in at 15 billion euros
($17 billion). Infineon previously expected flat or slightly
higher revenue this year.
"Without the haircut the forecast would have remained
essentially unchanged," Infineon said, adding that new exchange
rate assumptions also weighed on its outlook.
Infineon now expects an operating margin in the mid-teens
percentage range, narrowing down the previous mid-to-high-teens
range.
($1 = 0.8860 euros)