Infineon Ranked As Number Two Supplier in World Market for Automotive Electronics Chips; Achieves Solid Revenue Growth In Challenging Economic Environment
Infineon was ranked as the number one supplier of automotive semiconductors in Europe, supplying approximately one sixth of all chips in the segment. According to Strategy Analytics, Infineon has a 14.7 percent share of European segment revenue of U.S. $4.2 billion. New model sales and increased electronics in vehicles drove 6.2 percent growth of the European automobiles chip market in 2001, and Infineons share of this growth was 13.8 percent.
Due to declining worldwide new car sales and the intense accompanying pressure on prices, the global automobile market did not grow as steadily as in previous years, said Chris Webber, Vice President of Automotive Electronics & Telematics at Strategy Analytics. Infineons extensive product range combined with its close links to key automotive electronic vendors, positioned the company to considerably increase its market share, particularly in the areas of semiconductors and engine and transmission control applications.
Infineon has more than 25 years experience in automobile electronics. Based on our comprehensive, in-depth knowledge of automotive systems, we offer easy-to-integrate chips and chipsets, enabling our customers to implement innovative in-car applications, comments Dr. Reinhard Ploss, chief executive officer of the Automotive and Industrial business group at Infineon Technologies. Our goal is to expand our leading position in Europe, and at the same time, we will press ahead with our commitment in key automobile markets such as the USA and Japan.
Infineon develops, manufactures and markets innovative semiconductor products and complete system-on-chip solutions. In the automobile sector, the company's product range includes power semiconductors, discrete semiconductors, silicon sensors and optoelectronic semiconductors as well as microcontrollers. Infineons automotive products target automobile electronics applications such as powertrain, comfort management (e.g. light modules, air conditioning), safety management (e.g. antiblocking systems, airbags, stability control) and infotainment (communication, navigation and telematics).
In 2001, Infineon's share of the markets for power electronics for use in automobiles grew at a rate of to 25 percent. These products are used in applications such as door modules, mirror and seat adjustment, air conditioning systems, and safety features such as airbags and anti-lock braking systems.
Information on Strategy Analytics is available at www.strategyanalytics.com
Additional information about Infineon's automotive products is available at www.infineon.com/automotive
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for applications in the wired and wireless communications markets, for security systems and smartcards, for the automotive and industrial sectors, as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. Employing about 33,800 people worldwide, the company achieved sales of EUR 5.67 billion in fiscal 2001 (ending September). 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.