Infineon, the leading supplier of microchips to the auto industry, has reported a 22% rise in second-quarter revenue and lifted its full-year outlook as it benefits from a global shortage of semiconductors.
The Munich-based company raised its 2022 revenue for the second time by €500m to around €13.5 billion, including a range of plus or minus €500m.
It also forecast third-quarter revenue of €3.4 billion, ahead of expectations of €3.26 billion, according to IBES data from Refinitiv.
"Global uncertainties, in particular the war in Ukraine and the further course of the corona-virus pandemic, are placing stress on supply chains," CEO Jochen Hanebeck said in a statement.
"Demand for our products and solutions continues to exceed supply significantly," he said.
Infineon's revenue grew to €3.30 billion in the second quarter, just ahead of expectations of €3.21 billion.
