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Infineon Technologies AG (ISIN: DE0006231004, FWB: IFX, NYSE: IFX) was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity. As of September 30, 2007 Infineon has about 30,000 employees worldwide, 6000 of them involved in research and development. In the 2007 financial year, the company achieved sales of 4.07 billion Euro. The EBIT loss came to 49 million Euro (excluding Qimonda AG). In 2007 a 14.6% rise in projected calender year revenues saw Infineon taking 10th place in iSuppli's global semiconductor sales ranking, thus gaining five places from 2006.
On May 1, 2006, Infineon's Memory Products division was carved out as a distinct company called Qimonda AG. It employs about 12,000 people worldwide. Qimonda has been listed on the NYSE.
Additional recommended knowledge
The markets of Infineon Technologies
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for automotive, industrial and multimarket sectors, for applications in communication, as well as memory products through its subsidiary Qimonda. With a global presence, Infineon operates through its subsidiaries in the USA from Milpitas, California in the Asia-Pacific region from Singapore and in Japan from Tokyo.
Infineon has a number of facilities in Europe. Infineon's high power segment is in Warstein (Germany), Villach (Austria) and Cegléd (Hungary). It also runs R&D centers in France, Singapore, Romania, Taiwan & Bangaluru, India & fabrication units in Singapore, Malaysia & China.
Infineon is listed on the DAX 30 index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX).
What Infineon means
The name Infineon combines the English word "infinity" (Latin word "infinitas") with "eon," the ancient Greek word for eternity, in an attempt to call to mind the idea of unlimited potential.
Infineon's main product lines are ICs in the following areas:
Infineon also has a HPS (High Power Segment). The front-end of this production is in Warstein (GER), the back-end is in Cegléd (Hungary). Thyristors, diodes and IGBTs are manufactured here.
Apple iPhone chips
The Apple iPhone contains baseband processor & RF chips supplied by Infineon, the PMB8876 S-Gold 2 multimedia engine with EDGE, a radio-frequency transceiver and power-management devices.
Institutional Investors in Infineon are: Brandes Investment Partners: 5.13%, Dodge and Cox International: 5.07%, Capital Group International: 4.95%, General Capital Group (0.8%).
Price fixing controversy
In 2004-2005 an investigation was carried out into a worldwide DRAM price fixing conspiracy during 1999-2002 that damaged competition and raised PC prices. As a result, Samsung is to pay $300 million fine, Hynix was to pay $185 million in 2005, Infineon: $160 million in 2004. Micron Technology cooperated with prosecutors and no fine is expected.
At the Romanian development center of Infineon Technologies, in Bucharest, a scandal erupted in early 2007 due to the poor working conditions and poor management. The company, not being very competitive on the Romanian IT market and having a lot of trouble hiring new people, has resorted to advertising in tabloids (like the freely-distributed "Compact") and sueing the ex-employees in an attempt to stop the current employees to leave.
Infineon technologies supports local high schools with F.I.R.S.T. robotics . They currently help three local schools in Richmond, Virginia - Atlee HS, Tucker HS, and Highland Springs Tech Center (HTA)
AENEON™ was introduced in 2005. AENEON is a DRAM memory family of Infineon and fits into standard PCs and notebooks.
AENEON targets whitebox (non-brand) PC and notebook manufacturers world wide, as well as the European retail segment and end users (web shop). AENEON DRAM memory focuses the "price-performance" segment.
Price advantages are obtained due to a limited product portfolio (only unbuffered and SO-DIMM), and due to outsourced modul assembly. The DRAM components, however, are "Made by Infineon™".
|This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Infineon_Technologies". A list of authors is available in Wikipedia.|