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Infineon Sales Forecast Shows Chip Demand Hitting Low Point

The chief executive officer of Infineon Technologies AG said he sees demand picking up in some markets for the electric vehicles that use the German semiconductor company’s chips even as the company cut its annual sales forecast for the second time.Revenue will be €15.1 billion ($16.2 billion) for the year that ends in September, plus or minus €400 million, the German chipmaker said in a statement on Tuesday. That compares to an average estimate of €15.7 billion among analysts surveyed by Bloomb...

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