Chipmakers warn of subdued demand from industrial, wireless tech segments

Challenges persist for the semiconductor industry as three chipmakers warned of subdued demand in 2024, particularly in the industrial and wireless technology segments.

Infineon Technologies AG, one of Europe’s biggest chipmakers, lowered its sales guidance as demand from industrial customers falls. The second quarter is expected to be particularly difficult with a “noticeable decline” in sales for power and sensor chips for industrial applications, it said in a statement. Its stock fell as much as 2.8% in German trading.