If the hard numbers are not on your side, find soft ones. Infineon believes they have gained significant market share during this downturn, and although they may be right, their competitors are not necessarily agreeing. As always, everybody had a good quarter and gained market share!

On the hard side, Infineon reported a slight overall decline in Q1-24 Revenue and managed to grow the Automotive business a tad. Profits were down, and inventories increased. The Infineon numbers confirm that the current Semiconductor market is a tale of two cities. AI, memory, mobile, and PC are on the run, while industrial, automotive, connectivity, and communication are declining.