Chipmaker Infineon plans 50% investment boost

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BERLIN,  (Reuters) – German chipmaker Infineon Technologies (IFXGn.DE) said on Tuesday it plans a 50% hike in investments next year, boosting its shares as it looks to benefit from soaring demand and a global shortage in semiconductors.

Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion euros this year.

  • 2022 investments seen at 2.4 bln euros
  • 2021 revenue, margin guidance confirmed
  • 2022 revenue seen up around 15%
  • Shares up 3%

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