BERLIN (AP) — German semiconductor maker Infineon Technologies AG on Tuesday increased its revenue forecast for the current quarter, but said the improvement was thanks in part to a wireless unit that it is selling.
Infineon said it now expects revenues for the July-September period — its fiscal fourth quarter — to rise by about 15 percent compared with the previous quarter.
In late July, it had forecast that they would grow by a "high single-digit percentage."
Infineon said it expects revenues for the full fiscal year to increase by about 50 percent.
The wireless solutions business — which it is selling to Intel Corp. for $1.4 billion — made a disproportionate …
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