German chipmaker Infineon raised its full-year financial forecast after net-profits surged due to a lot of demand from the automotive and industrial sectors. The company expects growth figures to hit the mid-teens percentage range, compared to previous estimates of 10%.

“The raised sales forecast is fueled by stronger demand from its automotive and industrials and multimarkets segments, which will likely see faster sales growth than the overall group. Infineon also expects profitability to increase despite higher investment in response to continued high levels of order intake.”

Infineon now expects its operating margin for 2010 to be in a high teens percentage range, compared to previous expectations for a mid to high teens percentage. The Investments forecast had also risen by $200 million to an impressive $700 million, adding yet another positive aspect to growing demand and attention, at least for Infineon.

Infineon should probably expect some more attention redirected towards it, and away from its biggest competitor Intel. Yesterday the company halted the production of its Sandy Bridge processor line due to an error it discovered, thus resulting in $700 million prospect revenue losses and a sliding stock.

Earlier on, Intel agreed to acquire Infineon Technologies’ Wireless Solutions divison, for approximately $1.4 billion in order to push its mobile presence. This move was very beneficial for Infineon, though it’s another factor leaving its mark on Intel’s upcoming earnings reports.