Infineon Technologies Announces Pricing of Public Offering

Jul 13, 2001 | Business & Financial Press

Munich, Germany – July 13, 2001 – Infineon Technologies AG (FSE/NYSE: IFX) today announced the sale of 52,174,000 newly-issued shares (in the form of shares or American Depositary Shares (“ADSs”)) at a price of Euro25.00 per share and US$21.33 per ADS. The shares have been issued by Infineon from its authorized capital in a capital increase without pre-emptive rights. No shares were offered by any of Infineon’s existing shareholders. The underwriters have an option, exercisable prior to August 12, 2001, to purchase an additional 7,826,000 shares solely to cover over-allotments.

The offering was made in simultaneous public offerings in Germany and the United States and a private placement to international institutional investors in the rest of the world. Infineon’s shares are listed on the Frankfurt Stock Exchange and its ADSs are listed on the New York Stock Exchange.

The company intends to use the net proceeds of approximately Euro1.271 billion (US$1.085 billion) resulting from the offering to fund future capital expenditures and potential acquisitions, to repay short-term debt, and for working capital and other corporate purposes.

Goldman Sachs acted as the Global Coordinator for the Offering.

About Infineon

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 2000 (ending September), the company achieved sales of Euro 7.28 billion with about 29,000 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

Any statements in this document that are not statements of historical fact are "forward-looking" and therefore involve risks and uncertainties; actual results may differ from such forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements include business factors and uncertainties that are discussed in our filings with the U.S. Securities and Exchange Commission, including in the "Risk Factors" section of our prospectus dated July 12, 2001. Infineon Technologies undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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