Infineon aims to maintain China growth in 2017

German semiconductor company Infineon Technologies AG said it aims to maintain double-digit growth in China this year, as it benefits in part, from the overseas expansion efforts of China Railway Rolling Stock Corp Ltd, the country's railway vehicle and equipment maker.

Infineon, the producer of key semiconductors that help transform high-voltage electricity into power to drive CRRC's high-speed railways, posted a revenue of 1.6 billion euros ($1.69 billion) in the Chinese mainland in its 2016 fiscal year which ended in October, said Su Hua, president of Infineon in China.

Su said his company's revenue in China managed a year-on-year growth rate of 15 percent last year.