Infineon has become another chipmaker to shed a chunk of the workforce to cut costs after reporting shrinking sales.

Tesla's leadership said Wednesday at an investor event held at the company's factory near the Texan capital that while silicon carbide transistors are key components, "we've figured out a way to use 75% less without compromising the performance or the efficiency of the car."

According to the agreement, Resonac will supply Infineon with SiC materials for the production of SiC semiconductors, covering a double-digit share of the forecasted demand for the next decade.

Infineon Technologies and II-VI have signed a multi-year supply agreement for silicon carbide (SiC) wafers.

Despite the challenging macroeconomic and geopolitical situation, Infineon has reported another robust quarter with revenue of ??,618 million, up 10% sequentially and 33% year over year, in the third quarter of its fiscal year 2022. The Munich, Germany-based chipmaker has raised its revenue forecast for the full year 2022.

Infineon, the leading supplier of microchips to the auto industry, reported on Monday a 22% rise in second-quarter revenue and lifted its full-year outlook as it benefits from a global shortage of semiconductors.

"Infineon has made a successful start into the 2022 fiscal year," said Infineon CEO Reinhard Ploss. "Utilization of our manufacturing capacities is very high and we are expanding them step by step. This will help us improve the availability of products that we manufacture in-house over the course of the year."

Samsung Electronics is expected to announce large-scale merger and acquisition (M&A) deals soon. German chipmaker Infineon Technologies and Dutch semiconductor company NXP Semiconductor have emerged as Samsung's M&A targets as it aims to foster its non-memory business.

The semiconductor industry's struggle to keep up with incoming orders looks set to continue as supply bottlenecks may last until the end of 2022, a member of German chipmaker Infineon's management board told the Handelsblatt newspaper on Wednesday.

Infineon Technologies has opened its high-tech chip factory for power electronics on 300-millimeter thin wafers at its Villach site in Austria. At EUR1.6 billion (US$1.88 billion), the investment made by the semiconductor group represents one of the largest such projects in the microelectronics sector in Europe.

Infineon Technologies and Robert Bosch were forced to halt key chip factories in Germany after a power failure, potentially exacerbating a global semiconductor supply crunch.

Infineon Technologies and Panasonic have signed an agreement for the joint development and production of the second generation of their proven gallium nitride (GaN) technology, offering higher efficiency and power density levels. The outstanding performance and reliability combined with the capability of 8-inch GaN-on-Si wafer production mark Infineon's strategic outreach to the growing demand for GaN power semiconductors.

Infineon chief executive Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor (TSMC) building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel.

Strains in the semiconductor supply chain have worsened in some areas as trends such as remote working combine with an industrial recovery from last year's pandemic slump to drive chip demand, the head of Germany's Infineon said.

The European Union's plan to become a powerhouse in producing next-generation semiconductors will do little to help the region's vital industries today, one of its biggest homegrown chipmakers said Thursday.

Infineon Technologies has concluded a supply contract with Japan-based Showa Denko for an extensive range of silicon carbide material (SiC) including epitaxy. The German semiconductor manufacturer has thus secured more base material for the growing demand for SiC-based products.

German chipmaker Infineon expects supply constraints in its automotive segment to only ease in the second half of this year, CEO Reinhard Ploss said on Tuesday, with lost volumes only likely to be made up in 2022.

In an update, Infineon said it was continuing to ramp production and expected to reach pre-shutdown levels of production by June.

Samsung, NXP Semiconductors and Infineon Technologies were ordered to shut factories in Texas last month after a winter storm killed at least 21 people and left millions of Texans without power.

NXP Semiconductors has had to shut down its wafer fab and assembly plants in Austin, Texas, after power was diverted to residents and hospitals. The same has happened to fabs run by Infineon and Samsung in the area.

German microchip maker Infineon Technologies will spend $27 million over the next three years to make Singapore its first global hub to see artificial intelligence (AI) embedded in every job function.

German chipmaker Infineon Technologies is relatively well insulated from geopolitical tensions between the United States and China thanks to its focus on power-management chips, CEO Reinhard Ploss said on Wednesday.

Geopolitical tensions between Washington and Beijing remain a concern for German chipmaker Infineon and the company preparing for increased competition in the semiconductor space out of China, CEO Reinhard Ploss said.

German chipmaker Infineon reported forecast-beating third-quarter revenue on Tuesday, sending its shares higher as CEO Reinhard Ploss said that the worst of the auto industry slump had passed.

Europe's second top court on Wednesday cut Infineon Technologies' cartel fine by 7% to 76.87 million euros ($86.7 million), saying that the German chipmaker had fewer anti-competitive contacts with other cartel members than EU antitrust regulators had said.

German chipmaker Infineon Technologies raised about 1.06 billion euros ($1.16 billion) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday.

Infineon said on Tuesday that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal.

Cypress Semiconductor said Monday that the Committee on Foreign Investment in the United States (CFIUS) determined that there are no national security concerns with its proposed $10 billion takeover by German chipmaker Infineon Technologies.

Germany's Infineon Technologies said on Wednesday that the coronavirus outbreak had not yet had an impact on its operations as it reassured investors that demand was steadying after a cyclical downturn, boosting its shares.

Infineon slightly beat its profit guidance in the fourth quarter and said the semiconductor market showed signs of picking up in 2020, triggering a share rally for the German chipmaker.

German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations.

Chipmaker halts deliveries to review impact of curb on Chinese tech giant

German chipmaker Infineon said on Tuesday that a slump in demand had led to an inventory pile-up that would only plateau this summer, keeping pressure on profit margins.

German chipmaker Infineon cut its 2019 revenue forecast on Wednesday for the second time in as many months, pointing to a weakening Chinese car market, the world's largest, which it supplies.

Twenty-nine companies and research bodies will take part in the project, among them Robert Bosch, Infineon, STMicroelectronics, Osram, Carl Zeiss, GlobalFoundries and Murata.

Infineon Technologies is strengthening its long-term partnership with Denso to bolster its automotive business. Underpinning this collaboration, the Japan-based company has bought an equity stake in Infineon in the range of a mid-double-digit million Euro amount.

German chipmaker Infineon Technologies took a further multi-million euro provision to cover a legal dispute, overshadowing strong quarterly results and an upbeat outlook to send its shares sharply lower on Monday.

Infineon Technologies and JD group have signed a strategic partnership agreement aimed at creating a smart IoT (Internet of Things) ecosystem.

Infineon Technologies held early-stage talks about buying STMicroelectronics last year, according to people familiar with the matter, a move that would have created a European semiconductor powerhouse.

The German designer and maker of semiconductors used in cars, industry and IoT applications said it expects growth of at least 10% next year, followed by 9% growth in the following years. It previously targeted 8% growth.