Infineon Technologies AG is a German semiconductor manufacturer founded on 1 April 1999, when the semiconductor operations of the parent company Siemens AG were spun off to form a separate legal entity. As of 30 September 2016, Infineon had 36,299 employees worldwide. In fiscal year 2016, the company achieved sales of €6.473 billion.
|Traded as||FWB: IFX|
|Founded||April 1, 1999|
|Reinhard Ploss (CEO and Chairman of the executive board), Wolfgang Mayrhuber (Chairman of the supervisory board) Sabine Herlitschka (CEO of Infineon Technologies Austria)|
|Products||Microcontrollers, communication ICs, Power electronics, ESD Protection Diodes|
|Revenue||€6.473 billion (2016)|
|€763 million (2016)|
|€743 million (2016)|
|Total assets||€9.087 billion (Q4 2016)|
|Total equity||€5.023 billion (Q4 2016)|
Number of employees
|36,299 (30 September 2016)|
|Divisions||Automotive, Industrial Power Control, Power Management & Multimarket, Chip Card & Security|
On 1 May 2006, Infineon's Memory Products division was carved out as a distinct company called Qimonda AG, which at its height employed about 13,500 people worldwide. Qimonda was listed on the New York Stock Exchange until 2009.
Infineon Technologies AG, in Neubiberg near Munich, offers semiconductors and systems for automotive, industrial, and multimarket sectors, as well as chipcard and security products. With a global presence, Infineon operates through its subsidiaries in the USA, from Milpitas, California, and in the Asia-Pacific region, from Singapore and from Tokyo, Japan.
Infineon has a number of facilities in Europe, one in Dresden, Germany, Europe's microelectronic, and emerging technologies center. Infineon's high power segment is in Warstein, Germany; Villach and Graz in Austria; Cegléd in Hungary; and Italy. It also runs R&D centers in France, Singapore, Romania, Taiwan, UK and India, as well as fabrication units in Singapore, Malaysia, Indonesia, and China. There's also a Shared Service Center in Maia, Portugal.
In 2010, a proxy contest broke out in advance of the impending shareholders' meeting over whether board member Klaus Wucherer would be allowed to step into the chairman's office upon the retirement of the then-current chairman Max Dietrich Kley.
After several restructurings, Infineon today comprises four business areas:
Infineon provides semiconductor products for use in powertrains (engine and transmission control), comfort electronics (e.g., steering, shock absorbers, air conditioning) as well as in safety systems (ABS, airbags, ESP). The product portfolio includes microcontrollers, power semiconductors and sensors. In fiscal year 2013 (ending September), sales amounted to €1,714 million for the ATV segment.
Industrial Power Control (IPC)Edit
The industrial division of the company includes power semiconductors and modules which are used for generation, transmission and consumption of electrical energy. Its application areas include control of electric drives for industrial applications and household appliances, modules for renewable energy production, conversion and transmission. This segment achieved sales of €651 million in fiscal year 2013.
Power Management & Multimarket (PMM)Edit
The division Power Management & Control sums up the business with semiconductor components for efficient power management or high-frequency applications. Those find application in lighting management systems and LED lighting, power supplies for servers, PCs, notebooks and consumer electronics, custom devices for peripheral devices, game consoles, applications in medical technology, high-frequency components having a protective function for communication and tuner systems and silicon MEMS microphones. In fiscal year 2013 PMM generated €987 million.
Chip Card & Security (CCS)Edit
The CCS business provides microcontrollers for mobile phone SIM cards, payment cards, security chips and chip-based solutions for passports, identity cards and other official documents. Infineon delivers a significant number of chips for the new German identity card. In addition, CCS provides solutions for applications with high security requirements such as pay television and Trusted Computing. CCS achieved €463 million in fiscal year 2013. "Infineon is the number 1 in embedded security" (IHS, 2016 – IHS Embedded Digital Security Report).
Acquisitions and divestituresEdit
The former memory chip division was carved out in 2006 as Infineon’s subsidiary Qimonda, of which Infineon last held a little over three quarters. In January 2009, Qimonda filed for bankruptcy with the district court in Munich.
On 7 July 2009, Infineon Technologies AG agreed by contract with the U.S. investor Golden Gate Capital on the sale of its Wireline Communications for €250 million. The resulting new company is now known as Lantiq.
On 31 January 2011, the sale of the business segment of wireless solutions to Intel was completed. The resulting new company has approximately 3,500 employees and now operates as Intel Mobile Communications (IMC).
Infineon Technologies agreed on 20 August 2014 to buy the International Rectifier Corporation for about $3 billion, one third by cash and two third by credit line. The acquisition of International Rectifier was officially closed on 13 January 2015.
In October 2016, Infineon acquired the company Innoluce which has expertise in MEMS and LiDAR systems for use in autonomous cars. The MEMS lidar system can scan up to 5,000 data points a second with a range of 250 meters with an expected unit cost of $250 in mass production.
On 18 May 2016 Infineon decided to reinforce the management board and therefore added a new, 4th member to the board of directors. From July 1, 2016 the board of directors consists of:
Reinhard Ploss, CEO
Dominik Asam, CFO
Helmut Gassel, Sales and Marketing
Jochen Hanebeck, Operations
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.
In October 2017, it was reported that a flaw, dubbed ROCA, in a code library developed by Infineon, which had been in widespread use in security products such as smartcards and TPMs, enabled private keys to be inferred from public keys. As a result, all systems depending upon the privacy of such keys were vulnerable to compromise, such as identity theft or spoofing. Affected systems include 750,000 Estonian national ID cards, 300,000 Slovak national ID cards, and computers that use Microsoft BitLocker drive encryption in conjunction with an affected TPM. Microsoft released an updated version of the firmware for Infineon TPM chips that fixes the flaw via Windows Update.
- "Financial Data 2012-2016" (PDF). Infineon Technologies. Retrieved 1 February 2017.
- NYSE Regulation, Inc. (23 January 2009). "NYSE Suspends Qimonda AG, Moves to Remove from the List". NYSE. Retrieved 16 March 2009.
- "Infineon chips for the new identity cards" (in German). Computerwoche.de. Retrieved 7 December 2010.
- "Archived copy". Archived from the original on 27 March 2012. Retrieved 20 September 2011.
- "Intel buys Wireless Solutions section from Infineon". Infineon.com. Retrieved 11 September 2010.
- By Friedrich Geiger and Eyk Henning, Wall Street Journal. “Infineon to Buy Cree’s Wolfspeed Unit for $850 Million .” July 14, 2016. July 25, 2016.
- "Cree ends Wolfspeed deal with Infineon over U.S. security concerns". Reuters. Retrieved 2017-10-18.
- "Cree Acquires Infineon's RF Business for €345 Million". everything RF. Retrieved 2018-03-07.
- "Infineon to Buy International Rectifier, a Chip Maker, for $3 Billion". Dealbook.nytimes.com.
- Alex Sherman, Amy Thomson and Alex Webb (21 August 2014). "Infineon to Buy International Rectifier for $3 Billion".
- "Infineon Technologies AG successfully acquires International Rectifier".
- AG, Infineon Technologies. "Infineon strengthens leading position in automated driving through acquisition of Innoluce BV - Infineon Technologies". www.infineon.com. Retrieved 2017-01-12.
- "A breakthrough in miniaturising lidars for autonomous driving". The Economist. Retrieved 2017-01-12.
- "Infineon Technologies Bilanz, Gewinn und Umsatz | Infineon Technologies Geschäftsbericht | 623100". wallstreet-online.de. Retrieved 2018-11-05.
- AG, Infineon Technologies. "Infineon reinforces the Management Board to continue the successful growth strategy - Infineon Technologies". www.infineon.com. Retrieved 2016-07-01.
- "Shareholder Structure". Infineon.com. Retrieved 14 October 2013.
- Gross, Grant (15 September 2004). "Infineon to pay $160M fine for DRAM price-fixing". Computerworld. IDG. Retrieved 23 January 2015.
- Gavin, Shoebridge (18 October 2017). "Slovak ID card security risk exposed". RTVS. Retrieved 2017-10-18.
- Goodin, Dan (16 October 2017). "Millions of high-security crypto keys crippled by newly discovered flaw". Ars Technica. Condé Nast.
- Busvine, Douglas (16 October 2017). "Infineon says has fixed encryption flaw found by researchers". Reuters. Retrieved 2017-10-20.