Infineon Technologies reports an improved revenues of $1.98 billion (1.67 billion euro) thanks mostly to a new sales record in Infineon's automotive and industrial group and higher sales volume in memory. Meanwhile, net income of $446 million (39 million euro) increased by 15 percent sequentially and compared to a net loss of $390 million (328 million euro) in the same quarter last year.

Automotive and industrial saw its quarterly revenues reach another all-time high of $450 million (379 million euro). 

Meanwhile, memory products took in $790 million (665 million euro), up 3 percent sequentially and up 9 percent year-over-year. The sequential revenue increase was attributed to higher sales volumes, which compensated for lower average chip prices compared to the previous quarter. Increased sales volumes were up on increased production levels, as well as a reduction of the company's inventory, Infineon said.

By: DocMemory
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