Sponsored By

Infineon Expands in the US

Infineon Technologies opens its US office in the Big Apple to reaffirm its commitment to expanding its presence in the eastern US

September 30, 2003

3 Min Read

NEW YORK -- Infineon Technologies (FSE/NYSE: IFX) has opened its U.S. office facility in New York City, the world’s largest capital market, to reaffirm its commitment to growing the company’s presence in the Eastern United States. The office, located in Manhattan, will serve as a platform for Infineon to establish closer relationships with key financial, political and commercial audiences.

Infineon’s East Coast presence is expanding significantly. The opening of the New York office comes only four month after a new presence in Cary, the Research Triangle area of North Carolina, has been announced. The Cary office is designed for a 400 person capacity and is expected to open this fall. This business operations and administrative office provides Infineon with a major expansion site to strengthen the company’s presence in the Eastern United States.

Infineon has recently also opened a new operations center and R&D facility, in the Research Triangle area of North Carolina, which specializes in the development of memory products. In New York the company is strengthening its cooperation with Albany Nanotech, and expanding its existing partnership with IBM at its Advanced Semiconductor Technology Center. In addition, Infineon is a partner with IBM, AMD, and Micron Technologies in advanced lithography programs at Albany Nanotech to jointly develop the most advanced lithography technology for future chip generations.

“The opening of our New York office is a clear sign of our growing commitment to the US market. Over the next two years we plan to strengthen our market position, particularly with the expansion of our logic business in automotive electronics and communications as well as memory products, capturing an overall market share of five percent by 2005,” said Dr. Ulrich Schumacher, President and CEO of Infineon.

“Infineon now generates 22 percent of its global revenue in North America. As one of the fastest growing semiconductor companies in the US top 10, our strategy is already starting to pay off,” said Robert LeFort, President of Infineon Technologies North America. “We have shown a strong growth record in our key markets and are best positioned for continued growth based on a solid product portfolio and our track record for innovation.”

Infineon’s sales in the US increased from approximately US $880 million in the first nine months of fiscal year 2002 to more than US $1 billion during the same period of fiscal year 2003. Infineon’s commitment to North America is backed by an expanding presence in the United States - employing nearly 2,800 people. The company has seven development centers and operational offices in San Jose, California, Williston, Vermont, Cary the Research Triangle Area of North Carolina, the Hudson River Valley Corridor of New York, Longmont, Colorado, Morgan Hill, California and Princeton, New Jersey. Approximately 1,800 employees work at the company’s state of the art manufacturing site in Richmond, Virginia, where Infineon has invested more than US $1.7 billion.

Infineon Technologies AG

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like