IFNNY - Infineon's Torrid Order Growth Won't Last But The Long-Term Story Is Still Positive

• Infineon is seeing blazing order growth, largely from the auto sector, as auto companies over-order to get at least some of the chips they need.
• The xEV opportunity is huge across powertrain, ADAS, infotainment, and other applications, but Infineon is going to be sharing the market.
• Infineon still has numerous attractive growth opportunities ramping up, including automation, IoT, and renewable energy, but some (like IoT MCU and connectivity) will require more R&D and M&A to maximize.
• Infineon's long-term return potential isn't bad today, but I expect another correction in the sector at some point, so the buy/wait decision depends on your risk/volatility tolerance.

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