In publishing its first-quarter financial results the outfit said that semiconductor demand was outstripping supply.

"Electrification and digitalisation continue to drive substantial growth in our target markets. We expect the supply situation in some application areas to remain tight well into the current calendar year," it said.

The leading supplier of chips to the auto industry is benefiting from a tailwind as more carmakers shift to electric vehicles, along with demand for chips used in consumer appliances and industrial equipment.

The German company now sees its 2022 revenues rising to around 13 billion euros from 11.06 billion in 2021, having previously predicted full-year revenues of 12.7 billion.

Infineon's full-year revenue forecasts include a range of plus or minus 500 million euros.

At the mid-point of that revenue range, Infineon sees its segment result margin - a measure of operational profitability - coming to about 22 per cent, more than the 21.4 per cent analysts currently expect on average.

The segment result margin for Infineon's fiscal first-quarter from September to December 2021, came to 22.7 per cent, beating consensus for 21 per cent.