IFNNY - Infineon Highlights The Meaningful Opportunities Ahead In The Auto Business

• Infineon's virtual auto roadshow highlighted the company's significant leverage to powertrain electrification.
• If Infineon is right about significant SiC platforms launching in 2024/2025, investors should see major awards announced in the coming quarters.
• I expect Infineon to leverage major secular growth drivers in the auto and industrial space, driving high single-digit revenue growth over the next decade.
• Strong secular growth stories can support robust multiples, but I think STMicro is still the better mid-to-long-term play.

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