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Demand in the automotive market surges, Infineon's order backlog has reached 37 billion euros

2022-05-23 09:53:19Mr.Ming
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Demand in the automotive market surges, Infineon's order backlog has reached 37 billion euros

On May 16, Infineon Chief Marketing Officer Helmut Gassel said in an interview with the media that, including unconfirmed orders, Infineon’s backlog of orders from January to March 2022 has increased from 31 billion euros in the fourth quarter of last year. An increase of 19.4% to 37 billion euros. This figure is more than three times the company's 2021 revenue of 111 euros.

 

In this regard, Helmut Gassel further pointed out that more than 50% of these orders are automotive-related products, and 75% of the orders will be delivered within the next 12 months. At present, the backlog of orders clearly exceeds Infineon's delivery capacity. .

 

“The overall environment is now more challenging than last year, consumer confidence is declining, and demand related to PCs, TVs and smartphones is weakening. On the other hand, structural drivers are leading to very strong demand in automotive, industrial, renewable energy and smart devices , especially electric vehicles, renewable energy will create new demand for the chip industry." Helmut Gassel said.

 

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