Annual Report 2020

Annual Report 2020

The 2020 fiscal year was shaped by two major events: the outbreak of the coronavirus pandemic in the middle of our fiscal year and the completion of our acquisition of Cypress in April 2020.

With the largest acquisition in our corporate history, we have become the eighth largest semiconductor company in the world and number one in Europe. We are continuing to focus on structurally fast-growing markets. With Cypress, we have significantly increased our expertise in system solutions, especially for the IoT.

At Infineon, we define success not only by the targets we achieve, but by the path we take to get there. Sustainability plays a key role in our thoughts and actions. We have therefore set ourselves the target of becoming carbon-neutral by 2030. Our interim goal is to reduce our carbon emissions by 70 percent by 2025, compared with 2019. Our high sustainability ratings and our inclusion in sustainability indices are both our reward and our motivation.

Letter to shareholders

2020 will go down in history as the year of the coronavirus. The pandemic has unleashed an unprecedented crisis. Our company has successfully weathered the storm with the combined forces of all our employees – and so I would like to take the opportunity right here, in the name of the entire Management Board, to express a huge THANK YOU to our team, who have done a great job. Despite considerable hurdles, we have stood together to keep Infineon on track! The year of the coronavirus has been a milestone for us in many ways. Not only did we cope well in operational terms with the downturn, achieving a respectable result in an extremely challenging environment due to our solid starting position. We were also able, with the completion of the acquisition of Cypress and its largely completed refinancing, to set our course for the future; a future, which the coronavirus pandemic has caused to move significantly closer to the present in terms of digitalization. We believe we are well-equipped to shape this future, not only for Infineon, but also for society at large. We want to contribute to a future which has humans and their environment at its heart.

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