Munich Business for Infineon could hardly be going any better than it is at the moment. The chip group has orders worth around 37 billion euros on the books. This means that the Dax company’s factories have been operating at full capacity for almost three years. That’s not just the inside view: the order situation is very good, and there are no signs of a slowdown or stock build-up, explains analyst Sandeep Deshpande of JP Morgan.
However, investors do not trust the figures. Since the beginning of the year, the securities have lost more than a third of their value. The German leading index Dax, on the other hand, only fell by a good ten percent. Infineon’s share price is kind of riding a roller coaster on the stock market: at the beginning of May, the shares of the largest German semiconductor manufacturer fell to their lowest level in a year and a half. From then on, it went up by ten percent again in the meantime.