LONDON, UK: Raising guidance for its first quarter of 2009/10 fiscal year, which ends on December 31, 2009, German chip firm Infineon Technologies AG, has said it now expects high single digit growth in group revenues compared to the fourth quarter of the 2008/09 fiscal year.

Infineon, in the previous outlook for the same quarter, had said it expected revenues to be approximately on the same level as in the fourth quarter of the 2008/09 fiscal year, reported EE Times.

This increase is mainly driven by the Automotive and Industrial and Multimarket parts of Infineon' business, the company said, added the report.