Munich, Germany,
September 14, 2005 – During discussions
in the past weeks initiated by Infineon, Infineon Technologies
AG (FSE/NYSE: IFX), Munich, and X-FAB Semiconductor
Foundries AG, Erfurt, concluded that X-FAB will not
take over the Infineon plant in Perlach. Both X-FAB
and Infineon were prepared to make concessions to continue
operations at the site and safeguard jobs. After investigating
the matter in depth it proved, however, that there
is no long-term guarantee of running the Perlach site
with economic success and preserving the jobs.
Reinhard
Ploss, Group Vice President and General Manager
of the Automotive, Industrial and Multimarket Group
at Infineon, said, “We regret the development
and would have welcomed selling the site and preserving
the jobs. The discussions were very constructive
and included long and intensive negotiations. Nevertheless
a takeover by X-FAB was not possible due to the specific
conditions in Perlach.”
Hans-Jürgen Straub, CEO of X-FAB, stated, “We
would have liked to continue operating the Perlach
plant as a semiconductor site and we explored the
full limit of possibilities as we assessed the takeover
risks in light of the objectives of X-FAB as a whole.
However, the economic and structural deficits in
Perlach were insurmountable.”
About X-FAB
X-FAB Semiconductor Foundries AG, headquartered
in Erfurt, Germany, is an independent analog/mixed-signal
foundry manufacturing silicon wafers for analog-digital
integrated circuits (mixed-signal ICs) on customer
order. The company maintains wafer production facilities
in Erfurt (Germany), Plymouth (UK) and Lubbock, Texas
(US), and employs approximately 1,100 people worldwide.
Wafers are manufactured based on ultra-modern modular
CMOS and BiCMOS processes with technologies ranging
from 1.0 down to 0.35 micron. Main application areas
are the automotive, communications, consumer and
industrial sectors. For more information, see www.xfab.com .
Media Contact Infineon
Guenter Gaugler
Phone: +49 89 234 28481
Email: guenter.gaugler@infineon.com
Media Contact X-FAB
Dagmar Berendes
ThinkBold Corporate Communication
Phone: +1 408 379 2344
Email: dagmar@thinkbold.com
edicto GmbH
Sönke Knop/ Axel Mühlhaus
Phone: +49 6084 94 85-90
Email: kontakt@edicto.de
About Infineon
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. With a global presence, Infineon operates through
its subsidiaries 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 .
|
