Infineon stands by the side of Ukraine

Munich, Germany – 03 June 2022 – One hundred days after the start of the war, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) reaffirms its solidarity with the people of Ukraine. “We show our unity with the Ukrainians who are fearlessly defending their freedom and hope that violence and suffering will soon come to an end,” said Constanze Hufenbecher, Chief Digital Transformation Officer at Infineon.

Infineon has a R&D site with about 200 people in Lviv, in the very west of Ukraine, with a focus on software development. “We are in constant contact with our Ukrainian colleagues,” said Hufenbecher. “Their safety and that of their families are a priority. Infineon is doing what it can to support them in this extraordinary situation.”

In addition to direct support for the colleagues in Lviv, Infineon participated in the humanitarian aid for Ukraine with a donation campaign. Many employees also made private contributions. In addition, Infineon motivates Ukrainians to apply for open positions – in western Ukraine and worldwide. Job offers for refugees can be found at https://www.jobaidukraine.com/jobs and www.infineon.com.

Infineon changed its business policy towards Russia immediately after the beginning of the war: All direct and indirect shipments to Russia and the respective Russian-backed regions in Ukraine were stopped as early as February – including technical support. At the beginning of March, this was also extended to Belarus. Already in March, the company decided to liquidate its entity in Russia, which is currently being executed. 

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September).

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

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