Power & automotive chips · world No.1
Infineon Technologies
The world No.1 in both power and automotive semiconductors — with automotive revenue alone above $8B, it effectively oligopolizes the 'switching' layer of EV and industrial electrification. It supplies power ICs and SiC power devices to Apple and automotive/industrial OEMs, and as EVs, renewables and datacenter power grow, so does demand for the parts that switch that power on and off. It sources SiC wafers from Wolfspeed and SK Siltron under long-term contracts, tying it to upstream materials, and depends on the Synopsys/Cadence EDA and Arteris NoC IP ecosystem for automotive design.
IFX.DE Updated Jul 12, 2026 4 AI consumers· 1 recurring
Per the valuechain.wiki graph, Infineon Technologies is directly linked to 6 companies (5 supply, 1 revenue relationships) and reaches 6 companies within two hops; the links are backed by 9 dated sources, 5 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · Group revenue €14.662bn (-2%, FY2025 ended Sep) · Segment Result €2.56bn (17.5% margin). AI-power revenue target ~€1.5bn
- Segments · Automotive (ATV) · Power & Sensor Systems (PSS) · Green Industrial Power (GIP) · Connected Secure Systems (CSS)
Revenue from
- automotive & industrial OEM (undisclosed) Medium confidence
Supplies power ICs, MCUs and SiC to automotive/industrial OEMs (undisclosed) — the core revenue tied to EV and industrial electrification capex, first to rebound when the inventory cycle ends.Confirms EN Infineon Technologies Published Nov 12, 2025: Infineon FY2025 results (year ended Sep 2025): revenue €14.662bn, Segment Result €2.56bn - Apple Low confidence
Supplies power-management ICs to Apple — a large-customer revenue axis where iPhone volume cycles amplify demand for Infineon's power ICs.Confirms EN Infineon Technologies Published Nov 12, 2025: Infineon FY2025 results (year ended Sep 2025): revenue €14.662bn, Segment Result €2.56bn
Pays to
- 아르테리스 High confidence
Adopted Arteris NoC (network-on-chip) interconnect IP for automotive MCUs (2024) — core IP designing on-chip data flow, on which more advanced automotive SoCs depend. - Wolfspeed High confidence
Sources SiC wafers and materials from Wolfspeed under long-term contract — as one of its largest SiC material suppliers, Wolfspeed's financial or ramp troubles transmit straight into Infineon's supply risk. - Synopsys Medium confidence
Licensing cost for Synopsys EDA tools and IP — essential infrastructure for advanced automotive and power-chip design; without the EDA roadmap, new-product development stalls. - SK Siltron Medium confidence
Sources SiC wafers from SK Siltron under long-term contract — the upstream bottleneck for scaling SiC power devices, where wafer yield and supply directly cap Infineon's SiC ramp. - Cadence Design Systems Medium confidence
Licensing cost for Cadence EDA tools and IP — with Synopsys, an EDA-tool duopoly, so tool dependence constrains design cost and speed. - front-end equipment (undisclosed) Low confidence
Parts, materials and R&D (undisclosed).
Investments
- Marvell automotive Ethernet business (acquired Aug 2025, ~$2.5B) High confidence
Closed the acquisition of Marvell's Automotive Ethernet business for about $2.5B in cash in August 2025 — absorbing an automotive-Ethernet portfolio to strengthen the connectivity layer for ADAS and software-defined vehicles; financed primarily through debt (a driver of FY2025 FCF of -€1.05bn).Confirms EN Infineon Technologies Published Nov 12, 2025: Infineon FY2025 results (year ended Sep 2025): revenue €14.662bn, Segment Result €2.56bn
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Apple | lead1 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +16.2 |
| Infineon Technologies | node | +10.4 | -8.6 | +3.4 | -4 | +31 | +75.5 |
| Arteris | benef1 | · | -79.6 | +37 | +73 | +52.1 | +124.3 |
| Wolfspeed | benef1 | · | · | · | · | · | +102.7 |
| Cadence Design Systems | benef1 | +36.6 | -13.8 | +69.6 | +10.3 | +4 | +22.9 |
| Synopsys | benef1 | +42.1 | -13.4 | +61.3 | -5.7 | -3.2 | -5.2 |
YTD as of 2026-07-10 · source: Yahoo Finance
The thesis is a recovery in the automotive/industrial chip inventory cycle plus the SiC ramp. Infineon's results are tied directly to EV and industrial electrification demand, so once destocking ends, power-IC and SiC orders rebound first. Its moat is the No.1 position in power and automotive plus vertically secured SiC (long-term deals with Wolfspeed and SK Siltron) — but that same dependence exposes it to SiC-wafer suppliers' financial and yield risk. On the design side, Synopsys/Cadence EDA and Arteris NoC IP underpin its automotive-MCU edge, so the software/IP roadmap governs its product cycle.
Analysis generated from returns as of 2026-07-10Analyst ratings
Consensus: Buy 1 · Hold 1 · Sell 0 · Avg. target €81 · Price €72.48 (07-10) · Upside +12%