Infineon Technologies was able to post a pre-tax profit, after four quarters of pre-tax losses, in its second fiscal quarter 2006 finanical results.

Infineon’s memory business did well in the second fiscal quarter due to strong growth in bit-shipments and a slight increase in average selling prices. The latter was driven mainly by higher pricing and shipments of DDR2 memories and a higher share of specialty products, Infineon said.

Second quarter revenues at Infineon (Munich, Germany) increased strongly to 1.99 billion euro (about $2.47 billion), up 19 percent sequentially, reflecting higher sales in the memory products and the automotive, industrial and multimarket segments. The company made a net loss of 26 million euro (about $32 million) in its second fiscal quarter compared to a net loss of 183 million euro (about $225 million) in the prior quarter.

As a result Infineon’s total revenues for the first half of the 2006 financial year were 3.67 billion euro (about $4.55 billion), up 7 percent from 3.42 billion euro (about $4.24 billion) in the same period last year. Revenues in the communication solutions segment decreased moderately compared to the prior quarter.

Infineon Tech memory spinoff Qimonda will start operations on May 1.

By: DocMemory
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