Ericsson and Infineon Team Up for Wireless Solutions
Infineon's wireless activities have been focusing on the high volume business of semiconductors for mobile phones. The acquisition allows Infineon to expand its business in Bluetooth solutions and radio frequency (RF) components for mobile phones as well as mobile infrastructure. MIC is today one of the worlds largest suppliers of Bluetooth components and Infineon will further strengthen its leading market position through the acquisition of MIC. In the infrastructure segment MIC has become one of the worlds largest manufacturer for high end power amplifiers and is one of the major suppliers and design partners to Ericsson, market leader in base stations. Infineon will combine these strong positions with its leading design and manufacturing capabilities to offer highly optimized components that are cost competitive and significantly reduce time-to-market.
Ericsson is the leading infrastructure technology provider and we have found Infineon to be the ideal supplier and partner for our state-of-the-art solutions, says Kurt Hellström, CEO and President of Ericsson. We view this as a significant step in further focusing on our core business.
This strategic partnership will significantly strengthen our communications business, commented Dr. Ulrich Schumacher, President and CEO of Infineon Technologies. In addition to building on our wireless design expertise, Infineon will team up with Ericsson as a leader in the wireless world and become a strategic supplier, Schumacher continued.
Ericsson Microelectronics, headquartered in Stockholm, Sweden, is a supplier of world-class radiofrequency microelectronic components for wireless applications, high end power amplifiers and broadband communications.
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. In the fiscal year 2001 (ending September), the company achieved sales of Euro 5.67 billion with about 33,800 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.
Telephone Conference Information
The Management Board of Infineon Technologies will conduct a telephone conference to inform analysts and institutional investors on June 12, 2002 at 2:00 p.m. Central Europe Time (CET). A broadcast of the telephone conference will be available live and for download on Infineons web site at: www.infineon.com.
This press release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events. These statements and all other statements that are not historical facts, are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties and other factors, many of which are outside the control of Infineon and Ericsson.
Ericsson and Infineon team up for Wireless solutions. (f.l.t.r.) Dr. Ulrich Schumacher, President and CEO of Infineon Technologies; Kurt Hellström, President and CEO of EricssonPress Picture
JPG | 1.31 mb | 1480 x 1172 px