* Infineon (OP) and STM (N). On IFX, we model ATV sales of €754mn for Dec-Q (+2.5% qoq/+7% yoy) vs. +7% yoy growth in the last quarter. Our view remains that its ATV can grow sales at over 10% CAGR (2% unit CAGR + 5% content CAGR + share gains). For STM, we expect high single digit pa growth for its Auto revenues within ADG segment over 2017/2018
driven by multiple design wins around electrification and radars.