Chipmaker Infineon shares up 6% as CEO sees market prospects picking up
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MUNICH (Reuters) - Infineon Technologies slightly beat its profit guidance in the fourth quarter and said the semiconductor market showed signs of picking up in 2020, triggering a share rally for the German chipmaker.Shares in Munich-based Infineon, widely seen as relatively resilient to the industry's ups and downs, rallied 6% as Chief Executive Reinhard Ploss said the market was steadying and would pick up next spring."The business environment in our markets is bottoming," Ploss told analysts..