Infineon Celebrates Three Decades of Success in Malaysia with More Than 800 Million Euro Cumulative Investments
Munich, Germany, September 9, 2003 On the occasion of the 30th anniversary of its Malacca, Malaysia operations, Infineon Technologies AG (FSE/NYSE: IFX) reaffirms its continued commitment to the success of its business in Malaysia. Infineons largest plant in Asia, and the second largest in the groups facilities worldwide, Infineon Technologies Malaysia has grown to what is now a one million square feet facility producing 10 billion semiconductor chips per year. This represents about 20 per cent of Infineons global chip production.
Infineons Malacca operation, which officially became Infineon Technologies (Malaysia) Sdn Bhd in 1999 when Infineon Technologies was spun off from Siemens AG, posted sales of one billion euro in its 2002 financial year, which accounted for 1.8 per cent of Malaysias real gross domestic product (GDP).
To date, more than 800 million Euro has been invested in Infineons Malacca facility. The Malacca operations handle assembly and testing of various discrete, power, memory and logic semiconductor products. The Malacca site is noted for being awarded numerous national and corporate awards for organizational, team and individual excellence, including the prestigious Prime Minister Quality Award in 2002.
Commenting on the anniversary milestone, Datuk Wilhelm Fluit, Vice President, Managing Director and Country Manager of Infineon Technologies in Malaysia said: Over the past 30 years, Infineon has developed a world-class manufacturing facility in Malacca and grown in tandem with the Malaysian economy. Built upon the firm foundation of operational and business excellence, our success reflects high productivity of talented employees, strong industry partnerships and committed local management. We will continue to invest in Malacca as a high-tech production centre for Infineons portfolio of wireless communications, automotive applications, computers and multimedia applications.
Infineons Malacca operation, which officially became Infineon Technologies (Malaysia) Sdn Bhd in 1999 when Infineon Technologies was spun off from Siemens AG, posted sales of one billion euro in its 2002 financial year, which accounted for 1.8 per cent of Malaysias real gross domestic product (GDP).
To date, more than 800 million Euro has been invested in Infineons Malacca facility. The Malacca operations handle assembly and testing of various discrete, power, memory and logic semiconductor products. The Malacca site is noted for being awarded numerous national and corporate awards for organizational, team and individual excellence, including the prestigious Prime Minister Quality Award in 2002.
Commenting on the anniversary milestone, Datuk Wilhelm Fluit, Vice President, Managing Director and Country Manager of Infineon Technologies in Malaysia said: Over the past 30 years, Infineon has developed a world-class manufacturing facility in Malacca and grown in tandem with the Malaysian economy. Built upon the firm foundation of operational and business excellence, our success reflects high productivity of talented employees, strong industry partnerships and committed local management. We will continue to invest in Malacca as a high-tech production centre for Infineons portfolio of wireless communications, automotive applications, computers and multimedia applications.
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, for 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 the fiscal year 2002 (ending September), the company achieved sales of 5.21 billion euros with about 30,400 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
Information Number
INFXX200309-116
