Infineon Technologies (IFNNY) , a German chipmaker whose customers include Apple (AAPL) - Get Report and Samsung Electronics (SSNLF) , is expected to report robust revenue growth next week thanks to the release of the iPhone 7 and surging growth in demand for automotive semiconductors.

The Neubiberg-based company is scheduled to report fourth quarter and full year earnings results on Wednesday November 23.

A consensus of 31 analysts compiled by FactSet expects Infineon to report sales of €6.48 billion ($6.9 billion) for the 12 months through September 30, up 11.9% from a year earlier, compared with the company's guidance of between €6.37 billion and €6.6 billion. The analysts also expect Ebitda to jump 27% to €1.68 billion.

An analyst attributed the likely growth in the fourth quarter to demand from smartphone makers.

"The upside is expected to come mainly from the smartphone segment following strong sales of the iPhone 7 and Chinese smartphones," said Janardan Manon, an analyst with Liberum Capital. "Results are also expected to be supported by strength in auto demand, particularly in the Chinese and European markets."

Investors will also key on whether the company can continue to stay on its path of robust growth even as more rivals choose to expand through M&As, creating tougher competition to grab orders from customers in the electronics, automotive, and digital security space.

Infineon has continued to enjoy growth since 2013 and mostly recently booked an impressive 33% sales expansion in 2015. In the automotive semiconductor business, it competes head on with Dutch player NXP Semiconductors (NXPI) - Get Report , which Qualcomm (QCOM) - Get Report last month said would acquire, and Japan's Renesas Electronics RNECY, which announced the acquisition of Intersil (ISIL) in September.

The company, which is the world's largest power semiconductor maker and the second-largest automotive chipmaker, supplies to a wide range of clients globally, including Bosch (BSWQY) , Panasonic (PCRFY) , Boeing (BA) - Get Report and Midea. The list also includes those in digital security industry such as Gemalto (GTOMY) and Safran's (SAFRY) security arm.

The automotive segment accounted for 41% of the company's 2015 sales, followed by 31% for the power management and multimarket segment, which supplies chips used in lighting, consumer electronics and game consoles. Chips for digital security represented 11%.

Eyes are also on 2017, for which the consensus of analysts expect sales to come to €7.03 billion and Ebitda to €1.86 billion.

Infineon shares have advanced nearly 35% in the past 12 months. It recently advanced 1.2% to €15.94 and was the second biggest gainer among the DAX constituents on Friday.

 (Apple and NXP are held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings here.)