Infineon (OTC:IFNNY) Technologies AG (IFX) has reported a decline in revenues and adjusted its forecast for the fiscal year 2024, citing a challenging market environment and inventory adjustments. During its recent earnings call, the semiconductor manufacturer detailed a quarter-over-quarter revenue decrease of 11% to EUR 3.702 billion, with notable contractions across all business segments. The automotive segment, which is expected to remain resilient, saw a 4% dip, while the Connected Secure Systems segment experienced the largest revenue fall of almost 26%.
