|
Infineon confirms IPO decision for memory division |
|
|
|
Nov 17, 2005 at 02:04 PM |
The rumour mill surrounding Infineon's attempts to dump its loss making
memory division should now come to an end as the company made a
statement today,
confirming that it plans to spin-off that division via an IPO before July 1, 2006.
"There are two essential reasons for taking this step: First, the
processes and business models for Memory and Logic are developing in
diverging directions.
Second, we improve the growth dynamic and profitability potential for
both companies", said Dr. Wolfgang Ziebart, Chairman of the Board of
Directors for Infineon Technologies AG. "For Memory Products,
'time-to-market', manufacturing efficiency and direct
access to capital markets are essential. For Logic products, a profound
understanding of applications, as well as a strict alignment of all
innovation activities with customers' individual requirements in their
competitive markets is crucial."
Infineon's Ziebart, believes that direct access to the capital markets
is the memory divisions best option to stay in business and grow, going
forward.
The parent company will concentrate on Automotive, Industrial
Electronics and Multimarket (AIM) and Communications business divisions.
|
News 
