Guinness Sustainable Energy Fund on Infineon Technologies
Thesis
The fund owns Infineon as a provider of power semiconductors and microcontrollers needed for higher-voltage electric vehicles. The managers expect EV penetration to continue rising, increasing semiconductor content per vehicle and supporting industry growth. The August weakness was attributed to a broader rotation out of semiconductors after strong year-to-date performance rather than a change in the long-term EV thesis.
“Infineon and NXP Semi are providers of power semiconductors and microcontrollers”
Key risks
- Semiconductor-sector rotations can pressure the shares
- EV adoption can be slowed by affordability, model availability and charging constraints