Infineon reported Q4 revenues of €1,556m, down 2.6% sequentially. Every segment decreased compared to the previous quarter, with the exception of Automotive, which is flat. The strongest dip came from Industrial Power Control, down 8.1% sequentially, while Chip Card & Security displayed a strong yoy organic growth (+31.1%) in line with the previous quarters. The gross margin reached 35.9%, down 310bp sequentially. The Segment Result margin reached 14.1%, down 380bp sequentially and 9
