The Chips Are Down for Techs As German Giant Flops

Summary


EUROPE'S biggest chipmaker, Infineon, rocked the technology world today as profits fell e100 million (Pounds 70 million) short of analysts' expectations.

Meagre third-quarter earnings of e44 million sent a shiver through a sector relying on the German company to light the way forward in gloomy times.

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Extract


The Chips Are Down for Techs As German Giant Flops

It equates to a 10% drop in profit and Munich-based Infi...

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