Infineon Opens New Asia Pacific Headquarters in Singapore

May 12, 2005 | Business & Financial Press

SINGAPORE - 12 May 2005 – Infineon Technologies Asia Pte Ltd, a global leader in semiconductors, opens its Asia Pacific Headquarters building at Kallang Sector today. The two 10-storey towers house Infineon’s regional headquarters functions in the Asia Pacific, including production, logistics, sales and marketing and R&D. Besides having an Integrated Circuits (IC) Design centre, Infineon Technologies Asia Pacific is also the global testing hub for its logic IC products. The opening ceremony was inaugurated by guest of honour, Mr Lim Hng Kiang, Minister of Trade and Industry for Singapore, in the presence of Dr. Wolfgang Ziebart, CEO of Infineon Technologies AG.

Established since 1970, Infineon in Singapore has grown and expanded in tandem with the local economy over the last 35 years, with a total staff strength of approximately 2,350 in Singapore. As one of the pioneering semiconductor companies to invest in Singapore, Infineon has contributed significantly to the growth of the Singapore semiconductor industry, having invested a total of One Billion Singapore dollars since its establishment.

In his speech at the opening ceremony, Lim commented, “Singapore’s partnership with Infineon spans over 30 years. Since the establishment of its IC Design Centre in the early 1990s, Infineon’s R&D team here has grown to over 300 research scientists and engineers. Infineon also employs some 200 IC designers. This makes Infineon the largest IC design team in Singapore.”

"The opening of the new Asia Pacific Headquarters building marks a significant milestone for Infineon," said Dr. Ziebart. "Currently, the Asia Pacific headquarters contributes over one-third of Infineon’s revenue. With Asia on its continued path as one of the strongest growth engines for the semiconductor industry, Infineon is poised for further growth.”

About the Infineon Technologies Asia Pacific HQ Building

Fronting the Pan Island Expressway in the Kallang Sector, the Infineon Asia Pacific Headquarters occupy a net floor area of 21,151 square metres situated on a land area of 10,978 square metres. Developed by Ascendas Land (Singapore) Pte Ltd and owned by Ascendas Real Estate Investment Trust (A-REIT), the building was specially designed and built for Infineon for a 12-year lease, with architectural elements and contours reflecting Infineon’s spirit of innovation and dedication to the needs of our customers.

About Infineon

Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for automotive, industrial and multimarket sectors, for applications in communication, as well as memory products. With a global presence, Infineon operates through its subsidiaries in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2004 (ending September), the company achieved sales of Euro 7.19 billion with about 35,600 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com.