Home Business Apple-supplier Infineon continues to be 'distant' from assembly chip demand

Apple-supplier Infineon continues to be ‘distant’ from assembly chip demand

The Infineon brand might be seen on a chip on the board of a microcontroller equipment on the Infineon Annual Common Assembly within the Congress Heart of the Munich Exhibition Heart. Infineon is seen as one among Europe’s key know-how corporations within the semiconductor area.

Matthias Balk | image alliance | Getty Pictures

German chipmaker and Apple-supplier Infineon is struggling to fulfill demand for its semiconductors, in keeping with the corporate’s CEO, Reinhard Ploss.

“The automotive, but additionally different verticals, are very tight at present on provide,” Ploss advised CNBC’s “Squawk Field Europe” on Wednesday.

“We’re distant from matching the demand,” he mentioned, including that demand is consistently growing as a result of there is a backlog build up. “The issues are rising and piling up over time.”

Apple lists Infineon as a provider in its 2021 supplier list, nevertheless it doesn’t specify what merchandise it buys from the corporate. Infineon makes a variety of semiconductor applied sciences together with microcontrollers, LED drivers, sensors and built-in circuits for energy administration.

It is unclear if Apple is getting all of the parts that it wants from Infineon. Infineon declined to touch upon the matter whereas Apple didn’t instantly reply to a CNBC request for remark.

Infineon shares had been up over 2% Wednesday after the corporate introduced that it virtually doubled its revenue to 464 million euros ($535 million) within the three months to the tip of September, from the quarter earlier than.

Requested if the Munich-based firm is charging greater costs for its merchandise because of their relative shortage, Ploss mentioned: “We don’t benefit from the present scenario as a result of now we have a long run relationship to our prospects.”

Nevertheless, he admitted that there are “bits and packets” of Infineon’s product portfolio that “comply with market costs.”

Infineon opened a brand new 1.6 billion euro semiconductor manufacturing facility in Villach, Austria, in September as a part of an effort to fulfill demand for its merchandise. It mentioned chips from the plant will primarily be used to fulfill demand from the automotive trade, information facilities and renewable vitality technology of photo voltaic and wind energy.

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