Infineon Expands
Manufacturing in Malaysia
EBN
3/31/2011 Post a comment
3/31/2011 Post a comment
MALACCA, Malaysia -- Infineon Technologies (FSE: IFX / OTCQX: IFNNY)
today announced it will invest 160 million US dollars this year to expand
its production capacity, research & development and to upgrade its
manufacturing facilities in Malacca, Malaysia. The investment will mainly
increase the capacity to produce power semiconductors for energy
efficiency applications and will add 350 jobs in Malacca in 2011.
Today, Infineon employs nearly 7,000 employees in Malacca.
This investment is another step by Infineon to expand its presence in Asia and to integrate more tightly into local market structures.
In the fiscal year 2010, Infineon generated 42 percent of its revenues
in the Asia region including Japan, thus being the front-runner in that
category among all big German companies listed on the DAX stock
exchange index. “In order to be successful in Asia you have to do more
than just business. It is about recognising the culture and becoming a
part of society. We aim to create local value added, contribute knowhow
and employ and groom talents,” says Peter Bauer, CEO of Infineon
Technologies AG.In recent years, Asia has developed into a key market for global semi
conductor sales. Infineon continuously expands its Asian business.
In January, Infineon opened a new entity in Beijing, China, called
Infineon Integrated Circuits (Beijing) Co., Ltd. In addition to sales and
marketing, application R&D and central functions, the new entity houses
a technical center for automotive solutions and an IGBT stacks
manufacturing facility.
IGBTs (Insulated Gate Bipolar Transistors) are power semiconductors
used for instance to drive electric motors in cars or high-speed trains
and in renewable energy generation systems.Infineon Technologies AG (NYSE/Frankfurt: IFX)
No comments:
Post a Comment