BERLIN, Nov 12 Reuters German chipmaker Infineon said on Tuesday that it expected subdued performance in 2025, citing weak demand in its end markets.

With the exception of artificial intelligence, our end markets are currently offering hardly any growth impetus and the cyclical recovery is delayed, said CEO Jochen Hanebeck. We are therefore preparing for a subdued business performance in 2025.

The company warned of another slight revenue decline in the current financial year, after revenue fell by 8 to 14.96 billion euros 15.90 billion in its 202324 financial year.

In August, Infineon narrowed its annual revenue guidance to around 15 billion euros, having already twice lowered it.

The segment result margin management39;s preferred measure of operating profitability is expected to deteriorate from 20.8 to between 15 and just below 20 in 202425, according to a statement.

For the financial year ending in September, the chipmaker posted fourthquarter revenue of 3.919 billion euros, broadly in line with the 4 billion forecast in a companyprovided consensus.

Operating expenses of 220 million euros in 202324 were mainly attributable to Infineon39;s Step Up cost savings programme, which the company said it would continue to implement in order to strengthen competitiveness.

Unveiled in August, the programme foresees 1,400 job cuts and the relocation of a further 1,400 positions to countries with lower labour costs.

Infineon39;s results are broadly in line with rivals,…