Infineon Reaches Settlement with DoJ on Industry Wide DRAM Antitrust Investigation
Munich, Germany September 15, 2004 Infineon Technologies AG (FSE/NYSE: IFX) announced today that it has reached an agreement with the United States Department of Justice - Antitrust Division - (DoJ) to plead guilty to a single and limited charge related to the violation of US antitrust laws in connection with the pricing in its Dynamic Random Access Memory business between July 1, 1999 and June 15, 2002. Consequently, with regard to the DoJs ongoing industry wide investigation the matter has been fully resolved between Infineon and the DoJ.
Under the terms of the agreement, Infineon has agreed to pay a fine of US-Dollar 160 million, an amount fully covered by the companys recent third quarter accrual. The fine will be paid in equal installments through 2009. The wrongdoing charged by the DoJ was limited to certain OEM customers. Infineon is already been in contact with these customers and has achieved or is in the process of achieving settlements with all of these OEM customers.
Infineon strongly condemns any attempt to fix or stabilize prices. Infineon is committed to vigorous and fair competition based solely on superior products and services.
Under the terms of the agreement, Infineon has agreed to pay a fine of US-Dollar 160 million, an amount fully covered by the companys recent third quarter accrual. The fine will be paid in equal installments through 2009. The wrongdoing charged by the DoJ was limited to certain OEM customers. Infineon is already been in contact with these customers and has achieved or is in the process of achieving settlements with all of these OEM customers.
Infineon strongly condemns any attempt to fix or stabilize prices. Infineon is committed to vigorous and fair competition based solely on superior products and services.
About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for the automotive and industrial sectors, for applications in the wired communications markets, secure mobile solutions 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 fiscal year 2003 (ending September), the company achieved sales of Euro 6.15 billion with about 32,300 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.
Information Number
INFXX200409.101