German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak (Bloomberg)

Bloomberg:

German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak  —  – Revenue projected to fall to €14.7 billion from €15.5 billion  — Demand from carmakers is growing at slower rate than expected