Infineon (IFNNY.PK) provides the latest evidence the chip industry's recovery from its inventory...

|About: Infineon Technologies AG ADR (IFNNY)|By:, SA News Editor

Infineon (IFNNY.PK) provides the latest evidence the chip industry's recovery from its inventory correction is losing momentum (I, II, III): the company warns it expects June quarter revenue to be down slightly Q/Q, compared with prior guidance of flat sales. The warning led Infineon shares to fall 13.4% on the Frankfurt exchange, and could also be pressuring shares of rival Euro chipmaker STMicroelectronics (STM -4.9%).