BERLIN : German chip manufacturer Infineon lowered its full-year outlook for revenue on Tuesday, citing a difficult market environment, particularly in the automotive sector.
The company now expects revenue of 15.1 billion euros ($16.26 billion), plus or minus 400 million euros, for the year, down from its previous guidance of 16 billion euros, plus or minus 500 million euros.
($1 = 0.9288 euros)
(Writing by Miranda Murray, Editing by Rachel More)
