India, Nov. 10 -- Shares of Infineon Technologies AG were gaining around 6 percent in the German trading after the semiconductor major on Tuesday reported significantly higher fourth-quarter profit and revenues. Further, the firm issued positive outlook for first quarter and fiscal 2027, driven by data centers, power infrastructure, and software-defined vehicles.
CEO Jochen Hanebeck said, "Supported by an ongoing cyclical recovery and strong demand in our structural growth areas, we expect a significant increase in revenue and profitability in fiscal year 2027. Our semiconductor solutions for data center power supplies, the expansion and modernization of energy infrastructure, electromobility, and software-defined vehicles will be key cont...