Infineon invests Euro 198 million in Austria in production, research and development, and creates 400 jobs
Business & Financial Press
May 6, 2011
Neubiberg, Germany – May 6, 2011 – As part of the investment volume planned for the 2011 fiscal year, Infineon Technologies (FSE: IFX / OTCQX: IFNNY) is investing about Euro 198 million in production capacity expansion and in research and development in Austria. Infineon intends to create 400 jobs in Austria in the course of this fiscal year. Infineon’s workforce at the Villach, Linz, Klagenfurt, Graz and Vienna sites currently totals around 2,500 employees, of whom approximately 900 are engaged in research and development.
“The continued strong demand for our semiconductor solutions in the growth markets of energy efficiency, mobility and security calls for capacity expansion. The lion’s share of the investment in Austria will go to chip development and manufacture for power engineering and automotive electronics,” says Dr. Reinhard Ploss, Member of the Management Board responsible for Operations, R&D and Labor Director at Infineon Technologies AG.
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society:
security. In the 2010 fiscal year (ending September 30), the company reported sales of Euro 3.295 billion with approximately 26,650 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
1 Mentioned number of employees contains about 3,500 employees of the Wireless mobile phone business (Wireless Solutions), which was sold to Intel Corporation.
Further information is available at www.infineon.com