Infineon Builds a New Factory in Wuxi to Accelerate Smart Manufacturing Initiative
Wuxi, China and Munich, Germany – October 8, 2015 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the set-up of its second factory in Wuxi, on the occasion of its 20th anniversary of operation in China. The new factory is scheduled for rollout at the end of 2016. It comprises a total investment of nearly USD 300 million, engaging an area of 36,000 square meters. An addition of about 2,500 jobs is anticipated upon ramp-up of all the production lines. “Infineon's new factory will foster further expansion in China, building on the experience of two decades in the country,” said Dr. Reinhard Ploss, CEO of Infineon Technologies AG. “It highlights Infineon’s confidence in the continuous opportunities of the Chinese market as well as our commitment to substantial investment in China and our determination to support the ‘In China, For China’ strategy”.
Already today, the company’s factories in China design, develop, manufacture and assemble a broad range of electronic components and power discrete products. They are used in automotive, industrial, power management and security card applications. As a leading semiconductor manufacturer, it is Infineon’s ambition to make life easier, safer and greener. Its products and services cover the areas of smart mobility, energy efficiency, smart home and smart city; the demand for tailored solutions is rising in China and even across the world. The new factory will further give play to Infineon’s unique expertise in smart factory to provide demonstration and consulting services for local partners such as manufacturers and integrators of production systems, thus supporting the transformation of the local manufacturing industry towards smart production.
Since the rollout of the “Made in China 2025” strategy, Infineon has been strongly supporting China’s ambition to become a leading manufacturing power, through in-depth cooperation with local partners and by virtue of its leading semiconductor technologies. The company is a member of the German Industry 4.0 Council. It now operates a few of the most sophisticated wafer fabs in the world, and has realized secure smart production at its assembly and test factories. These include the cutting-edge technology implemented in Wuxi, which provides the model for a paradigm shift within the local manufacturing industry.
Infineon also focuses on the Internet of Things (IoT) identified as a catalyst for economic growth in China and around the world. Recognized as the “IoT pilot city of China”, Wuxi has unique advantages in IoT-related research and applications. Infineon has established and is maintaining a long-term partnership with the Wuxi-based Internet of Things Research and Development Center of the Chinese Academy of Sciences, and provides one of the ten IoT reference cases in the city with its IoT-enabled facility. The new factory in Wuxi will leverage Infineon’s proven expertise in sensing, security, power and micro-control, thus enhancing the connection between IoT and manufacturing – a forceful driver of the industry’s smart transformation.
Infineon in China
Infineon Technologies AG entered the Chinese market in 1995, and launched its first branch in Wuxi Oct the same year. With more than 1,800 employees, its operations in China have seen fast and continued growth ever since, and now stands as the top driver for the Asia-Pacific and even its global businesses. Infineon has built up a comprehensive value chain extending from R&D to production, sales, marketing, technical support and so on, and conducted in-depth cooperation in areas such as sales, technological innovation and talent training with leading Chinese enterprises and higher education institutions.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2014 fiscal year (ending September 30), the company reported sales of Euro 4.3 billion with about 29,800 employees worldwide. In January 2015, Infineon acquired US-based International Rectifier Corporation with revenues of USD 1.1 billion (fiscal year 2014 ending June 29) and approximately 4,200 employees.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).