Infineon sees 2013 profit beating target by a fifth: report

BERLIN (Reuters) - German chipmaker Infineon expects to beat its profit target by about a fifth this financial year as demand from industrial customers is improving, Boersen-Zeitung reported, citing company finance chief Dominik Asam. "We will most likely earn about 20 percent more profit than previously planned in the 2013 fiscal year (ending September 30)," the newspaper quoted Asam as saying in an interview published on Sunday. "After two years of stagnation, a recovery is on the horizon for the global semiconductor industry," the CFO told the newspaper. ...



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