Infineon successfully pushes Agenda 5-to-1 forward: outsourcing contract with Accenture is expected to result in savings of 43 million Euro over 7 years

Joint news release of Infineon and Accenture

Munich, July 18, 2003 - Infineon Technologies AG (FSE/NYSE: IFX), the world's sixth largest semiconductor corporation, will outsource its SAP support to Accenture. As part of Infineon’s restructuring program the new agreement with Accenture is expected to result in approximately 43 million Euro in savings over the next seven years.

Under the agreement, Accenture will take over the HelpDesk/Operational Support and Regular Maintenance divisions, SAP Basis Support divisions, as well as parts of the Infineon workforce. From now on, Accenture will be responsible for managing all SAP-supported Infineon branches throughout the world – two in America, four in Asia and nine in Europe.

Karl Pomschar, Senior Vice President and CIO of Infineon Technologies: "Infineon is currently reviewing and optimizing all in-house services. This also includes Information Technology (IT). We have decided on Accenture as our outsourcing partner for the SAP sector. We are resolutely putting our company strategy Agenda 5-to-1 into practice and expect to almost halve our expenditure for SAP-support as a result of the new agreement."

"This agreement comes as a result of a long and successful track record with Infineon. Our knowledge of SAP solutions combined with our in-depth understanding of Infineon’s business needs should help us deliver the kind of aggressive savings and benefits Infineon expects to achieve," said Hans-Peter Remark, partner in Accenture’s Communications & High Tech group.

The contract is effective immediately. Project transition to Accenture is expected to take six months after which Infineon will have completely handed over all management of its SAP systems to Accenture.

The wide spectrum of services with which Accenture will provide Infineon over a period of seven years ranges from 2nd and 3rd Level Help Desk Support to basis operation, right through to regular maintenance of the SAP system.

About Accenture

Accenture is a global management consulting and technology services company. Committed to delivering innovation, Accenture collaborates with its clients to help them realize their visions and create tangible value. With deep industry expertise, broad global resources and proven experience in consulting and outsourcing, Accenture can mobilize the right people, skills, alliances and technologies. With more than 80,000 people in 47 countries, the company generated net revenues of US$11.6 billion for the fiscal year ended August 31, 2002. Its home page is www.accenture.com.

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 2002 (ending September), the company achieved sales of Euro 5.21 billion 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 http://www.infineon.com.

Further information:
Accenture
Campus Kronberg 1
61476 Kronberg im Taunus
www.accenture.de

Sonja Fink
Telefon (06173) 94 66 273
Telefax (06173) 94 46 273
sonja.fink@accenture.com