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INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies : Syntronixs Asia becomes part of Infineon

11/29/2021 | 04:10am EST
Syntronixs Asia becomes part of Infineon

Nov 29, 2021| Business & Financial Press

Munich, Germany, and Melaka, Malaysia - 29 November 2021 - Infineon Technologies (Malaysia) Sdn. Bhd. acquired Syntronixs Asia Sdn. Bhd., a Melaka-based electroplating company. Founded in 2006, Syntronixs Asia has a workforce of more than 500 people and has been a major service provider for Infineon since 2009. The company specializes in precision electroplating, a key process in the assembly process of semiconductors, which is required to ensure high quality and long-term reliability of Infineon's products.

"Infineon is committed to taking the necessary steps to continuously enhance our global manufacturing footprint," said Alexander Gorski, Executive Vice President, who is responsible for Infineon's global Backend Operations. Dr. Thomas Kaufmann, Executive Vice President and COO of Infineon's Automotive Division, said: "Through this acquisition, we have made another important step to strengthen the resilience of our supply chain".

Infineon maintains 13 backend sites worldwide, the largest of them located in Melaka. The parties agreed not to disclose the purchase price.

About Infineon

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) and is one of the ten largest semiconductor companies worldwide.

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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INFXX202111-024

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Infineon Technologies AG published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 09:09:08 UTC.


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Sales 2022 12 863 M 14 338 M 14 338 M
Net income 2022 1 693 M 1 887 M 1 887 M
Net Debt 2022 2 553 M 2 846 M 2 846 M
P/E ratio 2022 26,7x
Yield 2022 0,90%
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Number of Analysts 25
Last Close Price 35,00 €
Average target price 48,19 €
Spread / Average Target 37,7%
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Managers and Directors
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
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