$IFNNY

Europe's Stoxx 600 fell 0.69% to 651.90 points, its lowest in two weeks, as higher bond yields and Middle East uncertainty weighed on investors. Tech stocks led losses, with Infineon and Aixtron dropping 7.6% and 8.8% respectively. Energy sector gained 0.4% amid rising oil prices. German 10-year Bund yield hit 3.2610%. Individual movers: Huber+Suhner -11.4%, H&M +4.1%, Coloplast +3%.

Global shares fell as oil prices and US bond yields rose, weighing on confidence. In Ireland, the Iseq Overall Index dropped over 1.2%, with Ryanair down 4.4% and ICG down 3.5% amid an ongoing management buyout vote. In Europe, Stoxx 600 fell 0.6%. Chip stocks slid, including Infineon (-7.1%) and ASML (about -5%). In the US, Nasdaq fell 1.5% and Nvidia was down 2%.

Infineon Technologies said it signed an MoU with LS Electric to develop high-efficiency DC power infrastructure for AI data centers and next-generation power grids. The collaboration targets power conversion for energy storage, solid-state transformers, and solid-state circuit breakers, aiming to improve efficiency, stability, and scalability, according to the companies.

German stocks rose as the DAX hit a record 26,521.50 despite July CPI accelerating to 2.8% y/y (from 2.3% in June), per Destatis. EU HICP also rose to 2.8%. Siemens Energy (+4%), Infineon (+3%) and Rheinmetall (+2.1%) gained. Indus Holding rallied after raising 2026 guidance; Brenntag, E.ON and others reported results.

Infineon Technologies AG said its management board approved a share buyback program on July 17, 2026, with supervisory board approval. Up to 3,000,000 shares may be bought for up to EUR 300 million, but the current implementation is capped at EUR 225 million. The program runs Aug 10 to Nov 13, 2026 via Xetra on Frankfurt, for employee and board participation.

The article covers connected-car and semiconductor updates. Brewer Science said it completed its acquisition of Heraeus Epurio’s semiconductor chemicals business, adding a Dayton, Ohio plant and chemicals for advanced lithography. Aeva launched an optical connectivity unit for AI data centers. Hyundai and Kia expanded a wire-car test bench at their NOVA lab. Mercedes-Benz Trucks plans a parking availability search in its Truck Remote App. MediaTek qualified Infineon’s 512 Mb QSPI NOR Flash for i

Infineon Technologies AG reported Q3 results. Revenue of €4.2b met analyst expectations, but statutory EPS missed by 7.2% at €0.32 per share. For 2027, analysts’ consensus revenue rose to €19.5b from €19.2b and EPS to €2.42 from €2.37. The consensus price target stayed at €85.09.

Infineon Technologies said MediaTek qualified Infineon’s 512 Mb Quad SPI NOR Flash for use in MediaTek’s Dimensity Auto Cockpit platform C-X1. Infineon said the automotive-grade memory supports firmware storage, AI-driven cockpit features, and Safe and Secure Boot. The companies said the qualification helps OEMs and suppliers adopt higher-density NOR flash for software-defined vehicles.

European equities were near record highs as strong earnings and lower Brent oil supported sentiment despite geopolitical risks. STOXX 600 rose 0.4%, with DAX up 0.5%, CAC 40 up 0.1%, and FTSE 100 up 0.4%. Siemens Energy gained 5%, Heineken 2.5%, Novo Nordisk cut 3.4% despite raising guidance, and Infineon fell 2.5%.

Infineon Technologies raised its 2026 revenue and adjusted free cash flow outlook after record Q3 sales driven by AI data center power chip demand. Q3 revenue was €4.17B vs €4.13B expected, up from €3.81B. Segment result (€797M) and net profit (€423M) missed forecasts. FY2026 revenue forecast is ~€16.3B and adjusted FCF ~€1.85B.