News PhotosDec 4, 2008
Infineon Technologies 4Q loss widens to euro763M
German semiconductor maker Infineon Technologies AG said Wednesday that a write-down on its stake in Qimonda and lower chip prices on the global market combined to widen its fourth-quarter loss, the seventh such one in a row.
Infineon said it lost euro763 million ($968.8 million) in the fourth quarter that ended Sept. 30 compared with a euro280 million loss a year earlier.
The company's quarterly sales, though, managed to rise 2 percent to nearly euro1.2 billion compared with euro1.1 billion a year ago.
Read full story from The Associated Press
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