Infineon and Dr. Ulrich Schumacher sign cancellation agreement
Munich, Germany December 23, 2004 Infineon Technologies AG (FSE/NYSE: IFX) and Dr. Ulrich Schumacher have reached an agreement on the cancellation of his employment contract with effect of end of 2004. In accordance with the Supervisory Board, Schumacher already resigned from the Infineon Management Board in March 2004.
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 2004 (ending September), the company achieved sales of Euro 7.19 billion with about 35,600 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.