Infineon in discussions with interested parties for Wireless Solutions Segment
Neubiberg, August 2, 2010 – Infineon Technologies AG is in discussions with interested parties about a transaction concerning Infineon’s segment Wireless Solutions (WLS). A significant progress has been made within these discussions.
The objective of a potential transaction is the strategic development of the segment Wireless Solutions (WLS). With an annual revenue of Euro 917 million, WLS has contributed approx. 30 per cent to Infineon Technologies AG’s total annual revenue of Euro 3,027 million in the past financial year. Infineon views the positive development and position of the profitable segment as the main reason for the display of a strategic interest in the segment by several companies.
Over the past few years, Infineon has successfully developed the WLS segment. WLS today holds leading positions in the field of cellular platforms for the rapidly growing market segments smart phones and ultra-low-cost/entry phones. For these platforms, WLS provides baseband processors, radio-frequency transceivers, power management ICs or complete single-chip solutions as well as the corresponding system software. Numerous well-known global mobile phone producers count among the clients of Infineon’s WLS segment.
D I S C L A I M E R
This release includes forward-looking statements about the future of Infineon's business and the industry in which we operate. These forward-looking statements are subject to a number of uncertainties, including the factors described in the "Risk Factors" section of the annual report of Infineon on Form 20-F on file with the SEC. As a result, Infineon's future business could differ materially from what is contained in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. Infineon does not undertake any obligation to publicly update or revise any forward-looking statements in light of developments which differ from those anticipated.
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, communications, and security. In the 2009 fiscal year (ending September 30), the company reported sales of Euro 3.03 billion with approximately 25,650 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX).