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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Infineon Technologies AG (QX) | USOTC:IFNNY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.10% | 40.09 | 39.83 | 40.33 | 40.32 | 39.83 | 39.98 | 118,470 | 21:14:53 |
From May 2023 to May 2024
By Mauro Orru
Infineon Technologies isn't expecting a major impact from China's decision to set export restrictions on gallium and germanium, critical metals to the production of semiconductors.
"Currently, we do not see any major impact on material supplies which would disrupt our manufacturing capabilities," a spokeswoman for the German chip maker told The Wall Street Journal on Tuesday.
The two metals and more than three dozen related materials will be subject to unspecified export controls starting Aug. 1, Beijing's Ministry of Commerce said Monday.
"Infineon follows a multi-sourcing strategy to include suppliers in different geographies," the spokeswoman said. "Generally, Infineon's procurement team, which is responsible for securing raw material supplies, is continuously monitoring developments."
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 04, 2023 07:13 ET (11:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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