Infineon in Detroit Increases to 90 Employees -- Expanding Engineering and Technical Support for Automotive Customers
LIVONIA, Mich.—(BUSINESS WIRE)—Dec. 9, 2004—
Infineon Technologies (NYSE:IFX)(FWB:IFX), the world's
fifth largest semiconductor manufacturer(1), officially opened its new
office for the company's Automotive & Industrial Business Group today.
The facility, at 19111 Victor Parkway in Livonia/Detroit, supports
Infineon's plan to add up to 45 employees to provide expanded
engineering and technical support to its automotive customers for
innovative semiconductor solutions in the region and across North
America.
"Infineon's decision to grow in Michigan is a testament to our
top-notch workforce as well as our continued leadership in automotive
R&D," said Governor Jennifer M. Granholm. "Our highly qualified
workers are the reason why we remain number one in this increasingly
competitive industry."
"Infineon's global position as the second largest supplier of
automotive electronics includes a strong and growing presence here in
North America," said Robert LeFort, president of Infineon Technologies
North America. "We are focused on excellence in service and
best-in-class support for our partners and customers. The expansion of
operations here in Michigan will help us meet our strong commitment to
better serve one of our key markets."
Infineon, which has supplied semiconductors for automotive and
industrial electronics applications for more than 35 years, first
began operations in the Detroit area in 1995. With continued success,
the company has steadily increased its presence from sales operations
to more comprehensive customer support, application engineering and
technical test and analysis.
"Semiconductors play an increasing role in delivering advanced
safety, comfort and performance features in automobiles. Thus, Tier
One suppliers and automotive OEMs look to chip suppliers to constantly
expand and improve their level of service," said Christopher Cook,
vice president of Automotive & Industrial, Infineon Technologies North
America. "This expansion, with a committed investment of nearly $5
million in the new facility, will support new integration and test
capabilities to meet our customer's needs."
Infineon Technologies' products add chip-based intelligence to
thousands of digital devices that people use every day. From
automobiles and industrial machinery, to wired and wireless
communications, computer memories and other advanced applications,
Infineon solutions power electronic products that are a part of 21st
century lifestyles.
Ranked as the world's fifth largest semiconductor manufacturer in
the first six months of 2004 by IC Insights, Infineon is headquartered
in Munich, Germany. The company's North America sales in fiscal year
2004 (ended September 30, 2004) were US $ 1.89 billion. Infineon's
commitment to North America is backed by an expanding presence in the
United States, where its subsidiaries employ more than 3,000 people.
The company has seven development centers and operational offices,
with headquarters in San Jose, California and offices in Cary
(Research Triangle), North Carolina; Albany and East Fishkill, New
York; Livonia, Michigan; Morgan Hill, California; Phoenix, Arizona;
and Williston, Vermont. Additionally, more than 2,000 employees work
at a state of the art manufacturing site in Richmond, Virginia, where
Infineon has invested more than US $1.7 billion.
About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor
and system solutions for the automotive and industrial sectors, for
applications in the wired communications markets, secure mobile
solutions as well as memory products. With a global presence, Infineon
operates in the US from San Jose, CA, in the Asia-Pacific region from
Singapore and in Japan from Tokyo. In fiscal year 2004 (ending
September), the company achieved sales of Euro 7.19 billion with about
35,600 employees worldwide. Infineon is listed on the DAX index of the
Frankfurt Stock Exchange and on the New York Stock Exchange (ticker
symbol:IFX). Further information is available at www.infineon.com.
((1) Based on first-half 2004 sales, as reported by IC Insights,
July 2004)
Contact:
Infineon North America
Christoph Liedtke, 408-501-6790 (U.S. Headquarters)
408-206-9848 (mobile)
christoph.liedtke@infineon.com
Saswato Das, 212-529-1789 (New York)
saswato.das@infineon.com
Investor Relations:
408-501-6800 (USA/CAN)
+49 89 234 26655 (EU/APAC)
investor.relations@infineon.com
