Mar. 29, 2023 /SemiMedia/ -- Chipmaker Infineon raised its financial outlook for the second quarter and for the full 2023, citing resilient business dynamics in its automotive and industrial divisions, according to a Reuters report.

Infineon said it now expects sales in 2023 to be significantly higher than its previous forecast of 15.5 billion euros.

Infineon said the outlook would have a correspondingly positive impact on margins. Better pricing and more favorable energy costs will also lead to higher segment margins in the second quarter and higher than its forecast of 25%.