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08 Jul 2002
German chip giant Infineon is backing an IT recovery in the coming months.
In an interview with German newspaper Frankfurter Allgemeine Zeitung, Infineon boss Ulrich Schumacher said that he hoped to see an "upswing in infrastructure investments" for computers and network systems in the second half of this year.
"There is a huge investment backlog," he explained. "Virtually every company is cutting back on IT. But at some point, this will become unsustainable."
But not every industry worthy is convinced that the market will bounce back so quickly. Several companies have downgraded their expectations for this period.
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