STIHL honors Infineon as "Supplier of the Year 2022" in the semiconductor sector

Munich, Germany – June 29, 2023 — World chainsaw market leader STIHL honors Infineon Technologies AG as "Supplier of the Year 2022" for being a highly reliable partner in terms of quality and delivery capability, even in a challenging environment. Infineon not only supports STIHL's battery strategy as a main supplier in the semiconductor segment, but also collaborates closely with STIHL in the area of research and development. The collaboration is to generate innovations in the field of energy-efficient motor control for battery-powered tools using compound semiconductors based on gallium nitride (GaN).

"STIHL and Infineon are not only united by a good business relationship, but also by shared basic values, our commitment to people and to the environment," said Richard Kuncic, Senior Vice President and General Manager DC/DC Business Line at Infineon. "We're thus very excited that STIHL has honored our dedication and performance with this great recognition as 'Supplier of the Year 2022'."

"Infineon has proven to be an extremely reliable partner who, even in times of chip shortages, has shown great flexibility in supporting us to further drive our strategy towards electrification," said Marc Moser, Senior Vice President Global Purchasing at STIHL. In particular, Infineon supplies MOSFETs and gate drivers and works with STIHL on application-optimized semiconductors.

STIHL presented the 2022 Supplier of the Year award to five companies that have scored particularly well among all STIHL suppliers worldwide for their outstanding characteristics in terms of quality, technology, innovation, service and price/performance ratio.

About STIHL

The STIHL Group develops, manufactures and sells engine-powered equipment for forestry and agriculture as well as for landscape maintenance, the construction industry and private garden owners. The product range is supplemented by digital solutions and services. The products are sold through service-providing specialist dealers and STIHL's own online stores, which will be expanded internationally in the coming years. STIHL has 42 sales and marketing companies, around 120 importers and more than 55,000 specialist dealers in over 160 countries. STIHL manufactures in seven countries worldwide: Germany, USA, Brazil, Switzerland, Austria, China and the Philippines. STIHL has been the world's best-selling chainsaw brand since 1971. The company was founded in 1926 and is headquartered in Waiblingen near Stuttgart. STIHL achieved a turnover of 5.49 billion euros in 2022 with 20,552 employees worldwide.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press

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