Infineon Technologies AG is reporting its results for the first quarter of the 2021 fiscal year (period ended 31 December 2020).
The non-segment result for the three-month period was a net loss of €157 million, compared to a net loss of €197 million in the final quarter of the previous fiscal year. The negative effects from the acquisition and consolidation of Cypress, which are primarily related to the purchase price allocation, were lower than one quarter earlier, as expected.
The non-segment result for the three-month period contained €75 million of cost of goods sold, €60 million of selling, general and administrative expenses and €8 million of research and development expenses.
Net other operating expenses amounting to €14 million were also recorded in the first quarter.
Source: www.infineon.com
