Infineon Technologies to Proceed with Public Offering of up to 60 Million Shares

Jul 2, 2001 | Business & Financial Press

Munich, Germany – July 2, 2001 – Infineon Technologies AG (FSE/NYSE: IFX) today announced that it intends to proceed with a public offering of up to 60 million newly-issued shares, including approximately 7.8 million shares included in the underwriters’ over-allotment option. The shares will be issued by Infineon from its authorized capital in a capital increase without pre-emptive rights. No shares will be offered by any of Infineon’s existing shareholders.

The offering will take the form of 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 (American Depositary Shares) are listed on the New York Stock Exchange.

The company intends to use the net proceeds 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.

It is currently anticipated that the sale of shares in the offering will take place on or about Friday, July 13. Goldman Sachs is the Global Coordinator for the Offering. A copy of the prospectus can be obtained from Goldman Sachs.

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

A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy shares of Infineon nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state. Any decision on an investment in the shares of Infineon should be based on the information contained in the prospectus which will be available as aforesaid.

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