Deutsche Bank's €90 Target Propels Infineon Past Dot-Com Record as AI Momentum Builds - AD HOC NEWS

Driven by the AI boom, Infineon has surged past its dot-com era peak, hitting a new all-time high. Deutsche Bank upgraded its price target to €90 and maintained a 'Buy' rating, citing Infineon's role ... Read original →

Infineon’s breakout above its dot-com peak reflects a structural re-rating driven by AI infrastructure’s insatiable demand for power efficiency. Its IGBTs and SiC devices are now critical bottlenecks in data center power delivery, forcing upstream SiC substrate suppliers to scale and mature-node equipment vendors to rethink thermal design—despite no EUV involvement. While the EU Chips Act offers subsidies, compliance costs are rising, especially as automotive-grade supply chains face stricter localization audits. Competitors like onsemi and STMicroelectronics may accelerate M&A to counter Infineon’s dual dominance in automotive and AI power systems, while TSMC (Taiwan, China) could leverage its 300mm SiC line to pressure foundry pricing. Over the next 18 months, the industry’s shift toward 48V server architectures will cement Infineon’s technical lead into pricing power—yet its >25% revenue exposure to China remains a vulnerability if U.S. export controls expand to cover power semiconductors.