Infineon Announces First Quarter 2002 Results.Business Editors MUNICH, Germany--(BUSINESS WIRE)--Jan. 21, 2002 -- First quarter 2002 revenues were Euro 1.03 billion -- down 5 percent sequentially, and down 38 percent year-on-year -- due to continued difficult market environment especially in wireline communications -- Quarterly net loss of Euro 331 million -- improved sequentially from a net loss of Euro 523 million, but down from net income of Euro 280 million year-on-year -- mainly due to continued price pressure -- Solid cash position: cash of Euro 1.145 billion, net cash of Euro 302 million -- First positive signs in the markets for memory products and mobile communications Infineon Technologies For the raceway, see . Infineon Technologies AG (ISIN: DE0006231004, FWB: IFX, NYSE: IFX) was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity. AG (FSE/NYSE: IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. ), one of the world's leading semiconductor manufacturers, today announced results for its first quarter of fiscal year 2002 ended December 31, 2001, with revenues of Euro 1.03 billion, a decrease of 5 percent from the previous quarter and a decrease of 38 percent from the first quarter of fiscal year 2001. Revenues decreased primarily as a result of a continued difficult market environment for the semiconductor industry, in particular for wireline communications and chip card ICs. However, the quarter also saw first positive signs in demand for mobile communication products and pricing for memory products as well as relatively stable demand in chips for automotive and industrial applications. EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). (earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income ) amounted to a loss of Euro 564 million, an improvement upon a loss of Euro 882 million in the previous quarter but down from earnings of Euro 446 million in the first quarter of fiscal year 2001. Earnings were negatively affected by further price erosion, especially for memory products through mid-November 2001 and increasing pricing pressure for chip card ICs. The previous quarter's loss included one-time charges of Euro 307 million in connection with inventory write-downs, acquisition related expenses, restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. charges, as well as net gains from the sale of non-core businesses. Net loss amounted to Euro 331 million, a sequential improvement from a loss of Euro 523 million in the previous quarter but down from net income of Euro 280 million year-on-year. Loss per share for the first quarter was Euro 0.48 compared with a loss per share of Euro 0.76 in the previous quarter and with earnings per share of Euro 0.45 in the first quarter of the last fiscal year. "Infineon's revenue performance was driven by continued strong demand in memory products as well as a moderate recovery of demand in mobile communication. However, these positive effects could not fully compensate the further deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in demand for ICs used in traditional telecom infrastructure products and reduced revenues in chip card ICs due to continuing weak demand and ongoing inventory reductions by customers in this industry sector," said Dr. Ulrich Schumacher, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Infineon Technologies AG. "Despite this difficult market situation, with continued strong pricing pressure in most segments, we were able to maintain a solid net-cash position due to intensive cash management and the further swift implementation of our comprehensive "Impact" cost savings program." Infineon had a negative gross margin of 9 percent, improving from a negative gross margin of 32 percent in the previous quarter, due to inventory write-downs in the previous quarter and continued price pressure. Gross margin was down from a positive gross margin of 40 percent year-on-year, reflecting the price declines in most of Infineon's business groups. R&D expenditures in the first quarter totaled Euro 267 million or 26 percent of total revenues, down from Euro 344 million or 32 percent of total revenues in the previous quarter and up from Euro 257 million or 16 percent of total revenues year-on-year. In absolute terms (Alg.) such as are known, or which do not contain the unknown quantity. See also: Absolute , R&D expenditures were down 22 percent from the previous quarter of this year and up 4 percent year-on-year. The previous quarter R&D expenditures included Euro 56 million of in-process R&D in connection with the acquisition of Catamaran catamaran (kăt'əmərăn`), watercraft made up of two connected hulls or a single hull with two parallel keels. Originally used by the natives of Polynesia, the catamaran design was adopted by Western boat builders in the 19th cent. Communications. SG&A expenses in the first quarter totaled Euro 164 million or 16 percent of total revenues, down from Euro 175 million (16 percent of total revenues) in the previous quarter and down from Euro 187 million (11 percent of total revenues) in the first quarter of last year. The decrease in SG&A expenses is the result of the implementation of Infineon's overall cost saving measures. Revenues outside Europe constituted 49 percent of total revenues, almost maintaining the same percentage of revenues from the previous quarter. As of December 31, 2001, Infineon had approximately 30,700 employees worldwide, with research and development staff accounting for approximately 5,300 of this total. Business Group Performance Infineon's Wireline Communications group's revenues declined to Euro 83 million in the first quarter, down 41 percent from the previous quarter and down 60 percent year-on-year. The revenue decline reflects the strong deterioration of demand in the traditional telecom infrastructure business (ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and analog linecards), particularly in Asia, as well as continued weakness in fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber . EBIT amounted to a loss of Euro 85 million compared to a loss of Euro 138 million in the previous quarter and a positive EBIT of Euro 33 million year-on-year. Fourth quarter EBIT also included charges of Euro 56 million in connection with the completed acquisition of Catamaran Communications, and impairment of technology assets acquired from Ardent (Ardent Software, Inc., Westboro, MA) A database vendor formed in 1998 as the merger of VMARK Software, Unidata and O2 Technology. Its products included the UniVerse and UniData databases and DataStage data warehouse utility. Technologies of Euro 14 million. Major developments in the first quarter include: -- continued strong interest in Infineon's VDSL/10BaseS Ethernet Ethernet Telecommunications networking protocol introduced by Xerox Corp. in 1979. It was developed as an inexpensive way of sending information quickly between office machines connected together in a single room or building, but it rapidly became a standard computer to-the-home-solution used in the broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). communication market, particularly in China -- strengthened technology leadership in optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. market with advanced parallel fiber optical solutions (Paroli2(TM)) and new applications for 10G Ethernet Infineon's Wireless Solutions group's first quarter revenues increased to Euro 206 million, up 15 percent sequentially mainly reflecting a moderate increase in demand for mobile handsets as well as increasing sales volume for Bluetooth chipsets, but down 41 percent compared with first quarter of last year. EBIT was a loss of Euro 35 million, improving from a loss of Euro 77 million in the previous quarter but down from a positive EBIT of Euro 71 million year-on-year. The loss was mainly due to the very strong pricing pressure but improved sequentially mainly due to the inventory write-downs in the previous quarter as well as increased revenues. Major developments for the first quarter include: -- further design-ins with Infineon's complete system solution for GSM/GPRS at major customers -- cooperation agreement with electronics manufacturer Solectron for Infineon's GSM/GPRS reference designs, software and chipsets -- common Bluetooth solution with Toshiba offered for consumer products (e.g.: PCs, notebooks and printers) -- successful ramp-up of RF-Bluetooth solution at Nokia for GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. mobile phones In the Security & Chip Card ICs group first quarter revenues totaled Euro 82 million, a decline of 18 percent from the previous quarter and a decrease of 47 percent year-on-year. The revenue decrease was driven mainly by lower sales volumes for security controllers used in SIM cards SIM card abbr (= subscriber identity module card) → carte f SIM SIM card n (Tel) (= Subscriber Identity Module card) → SIM-Karte f for mobile phones and ongoing inventory reductions at customers. EBIT amounted to a loss of Euro 30 million, increasing from a loss of Euro 2 million in the previous quarter and down from a positive EBIT of Euro 29 million in the first quarter of fiscal year 2001. The EBIT decline was mainly due to lower volumes and increasing pricing pressure for security controllers. Major developments in the first quarter include: -- strategic contract to supply security controllers for a chip card based access card of the U.S. Department of Defense (DoD); Infineon's chip is a component of the only currently available chip card that meets the stringent requirements specified by DoD -- strategic development cooperation with Sony in the emerging market for contactless security applications (e.g.: public transport, recreational passes, etc.) -- receipt of the Sesames Award at Cartes CARTES Computer Arts Centre at Espoo 2001 exhibition for best technological innovation for the first member of the new 88 family of 32-Bit security controllers The Automotive & Industrial group's first quarter revenues totaled Euro 274 million, down sequentially by 3 percent but up 4 percent from the first quarter of last year based on the continued strong performance of the group's automotive and industrial power business as well as increasing market share for power management and supply solutions. EBIT was Euro 20 million compared to Euro 26 million in the previous quarter and Euro 31 million in the first quarter of last year. The EBIT decline was mainly due to increased pricing pressure in the automotive segment. Major developments in the first quarter include: -- development contract signed with a leading German car supplier for next generation powertrain and boosted interest of car manufacturers in AUDO AUDO Asociación Uruguaya de Optimist AUDO Amiga Audio Out 32-bit TriCore(TM) microcontroller A single chip that contains the processor (the CPU), non-volatile memory for the program (ROM or flash), volatile memory for input and output (RAM), a clock and an I/O control unit. -- market introduction of first TriCore based 32-bit Infotainment (INFOrmation enterTAINMENT) Refers to all the information and entertainment services delivered to the home, which are essentially telephone, TV and Internet access. controller -- strategic design-win for innovative smart ignition ignition, apparatus for igniting a combustible mixture. The German engineer Nikolaus A. Otto, in his first gas engine, used flame ignition; another method was heating a metal tube to incandescence. IGBT IGBT Insulated Gate Bipolar Transistor IGBT Integrated Gate Bipolar Transistor with leading car manufacturer The Memory Products group's first quarter revenues reached Euro 285 million, an increase of 18 percent sequentially based on continued strong demand for memory products but a decrease of 43 percent from the first quarter of last year. EBIT amounted to a loss of Euro 371 million, improving from a loss of Euro 522 million in the previous quarter, which included the effect of inventory write-downs, but down from a positive EBIT of Euro 66 million in the first quarter of fiscal year 2001. The first quarter EBIT was positively affected by significant improvement of DRAM prices since mid-November 2001. Major developments for the first quarter include: -- qualification and start of ramp-up of 0.14 micron technology Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, and CMOS image sensing chips. for mainstream products (256Mbit SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. ) in all 200mm fabs -- customer samples shipped for 512Mbit SDRAM in 0.14 micron micron: see micrometer. One micrometer, which is one millionth of a meter or approximately 1/25,000 of an inch. The tiny elements that make up a transistor on a chip are measured in micrometers and nanometers. See process technology. technology -- ramp-up of the world's first 300mm fab for mass production successfully started -- first supplier to be validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by Intel for the 845 Brookdale SDRAM chipset A group of chips designed to work as a unit to perform a function. For example, a modem chipset contains all the primary circuits for transmitting and receiving. A PC chipset provides the electronic interfaces between all subsystems (see PC chipset for illustration). for Pentium 4 with 256MB and 512MB PC 133 CL2 modules In the Other Operating Segments, first quarter revenues were Euro 94 million, down 27 percent sequentially and 40 percent year-on-year. EBIT totaled Euro 16 million, including a gain of Euro 32 million on the sale of the infrared An invisible band of radiation at the lower end of the visible light spectrum. With wavelengths from 750 nm to 1 mm, infrared starts at the end of the microwave spectrum and ends at the beginning of visible light. components business. The quarterly EBIT was down from Euro 211 million in the first quarter of fiscal year 2001, which included the gain of Euro 202 million on the sale of the image & video business. Outlook for 2002 The market outlook in the next six months still remains uncertain and will be impacted by the extent and length of the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. of the world economy, particularly in Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . However, there are first positive signs of increasing demand in certain segments but as yet no clear signals for a sustainable overall market recovery. Infineon expects a continuation of the competitive market environment with strong pricing pressure in most of the company's business groups during the coming months. Aggressive pricing behavior by leading DRAM manufacturers in 2001 has led to a consolidation process in the market for memory products. However, towards the end of the first quarter, Infineon experienced a reversal of the negative trend in DRAM pricing. The lowest average selling prices The average sales price of goods or commodities. Especially used in the retail sector and technology distribution. were recorded in November 2001. Since then the prices for memory products have recovered significantly but still remain below fully loaded costs. With increasing bit-demand having started in the last quarter Infineon expects a further normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. of inventory levels and increasing prices. Necessary prerequisites for any midterm mid·term n. 1. The middle of an academic term or a political term of office. 2. a. An examination given at the middle of a school or college term. b. midterms A series of such examinations. improvement of prices are further consolidation among DRAM producers or improved customer demand within the PC and infrastructure segments. Following the weakness of the mobile handsets market in 2001, Infineon is seeing the first signs of a moderate recovery in demand for mobile phones supported by the introduction of the next GSM/GPRS generation for mobile phones in the first half of 2002 as well as a stronger replacement business. The company also expects increasing revenues as products for the Bluetooth market gain greater acceptance. Infineon's Security & Chip Card IC business expects a moderately increasing demand based on the recovery of the mobile handset The part of the telephone that contains the speaker and the microphone. On a desktop phone, the part you hold in your hand is the handset. On a cellphone, the entire phone is the handset. See multihandset cordless and headset. market, stronger demand for advanced security solutions, and stabilizing stabilizing, v to hold a limb motionless in order to ground its energy; a standard isometric resistance technique, it releases tension and lengthens muscle fibers. inventory levels at customers. However, in the long term Infineon believes that the markets for contactless security applications and biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi solutions will have significant growth potential. Reduced investments in the market for telecom infrastructure will continue to negatively impact Infineon's Wireline Communications business during the first half of 2002. Due to the ongoing economic slowdown, Infineon's Automotive & Industrial business expects slower growth in demand combined with stronger pricing pressure in the automobile market, particularly in Germany and elsewhere in Europe. At the beginning of January 2002, Infineon placed Euro 1 billion in convertible bonds with institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. in Europe. This placement will further strengthen the company's current cash position. It was decided to issue the bonds at this time in order to take advantage of low interest rates and the favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. current conditions in the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. convertibles market. When the transaction is completed in February 2002 with the listing of the bonds on the Luxembourg Stock Exchange The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg. , the proceeds are intended to support the long-term strategy of Infineon. "With the effective implementation of our "Impact" cost savings and restructuring program in shortest time which will generate cash effective savings of more than Euro 1,5 billion in fiscal year 2002, we have secured our liquidity and maintained our financial flexibility during the current downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. . We believe that we have seen the worst of the most dramatic downturn in the semiconductor industry. After the first encouraging signs of increasing demand, we are hoping for a stronger market recovery," concluded Dr. Schumacher.
FINANCIAL INFORMATION
According to US GAAP Unaudited
Consolidated statements of operations
3 months ended
in Euro million Dec. 31, Dec. 31,
2000 2001
Net sales 1,658 1,034
Cost of goods sold (1,003) (1,132)
Gross profit (loss) 655 (98)
Research and development expenses (257) (267)
Selling, general and administrative expenses (187) (164)
Restructuring charge -- (13)
Other operating income, net 200 33
Operating income (loss) 411 (509)
Interest income (expense), net 9 (2)
Equity in earnings
(losses) of associated companies 30 (32)
Other income (expense) 5 (23)
Minority interests -- 1
Income (loss) before income taxes 455 (565)
Income tax (expense) benefit (175) 234
Net income (loss) 280 (331)
Weighted average of outstanding
shares - basic and diluted 626 692
Earnings (loss) per
share - basic and diluted 0.45 (0.48)
Regional Sales Development
3 months ended
Regional sales in % Dec. 31, Dec. 31,
2000 2001
Germany 30% 30%
Other Europe 22% 21%
USA 24% 20%
Asia / Pacific 22% 27%
Other 2% 2%
Total 100% 100%
Europe 52% 51%
Non-Europe 48% 49%
Segment results
3 months ended 3 months ended
Net sales in Dec. 31, Dec. 31, +/- Sept. 30, Dec. 31, +/-
Euro million 2000(a) 2001 in % 2001(a) 2001 in %
Wireline
Communications 210 83 (60) 141 83 (41)
Wireless
Solutions 350 206 (41) 179 206 15
Automotive
and Industrial 263 274 4 282 274 (3)
Memory
Products 497 285 (43) 242 285 18
Security
and Chip
Card ICs 154 82 (47) 100 82 (18)
Other 156 94 (40) 129 94 (27)
Corporate and
reconciliation 28 10 (64) 12 10 (17)
Infineon
consolidated 1,658 1,034 (38) 1,085 1,034 (5)
3 months ended 3 months ended
EBIT in Euro Dec. 31, Dec. 31, +/- Sept. 30, Dec. 31, +/-
million 2000(a) 2001 in % 2001(a) 2001 in %
Wireline
Communications(b) 33 (85) -- (138) (85) 38
Wireless
Solutions 71 (35) -- (77) (35) 55
Automotive
and Industrial 31 20 (35) 26 20 (23)
Memory
Products 66 (371) -- (522) (371) 29
Security and
Chip Card ICs 29 (30) -- (2) (30) --
Other 211 16 (92) 7 16 129
Corporate and
reconciliation 5 (79) -- (176) (79) 55
Infineon
consolidated 446 (564) -- (882) (564) 36
(a) Prior period segment results have been reclassified to be
consistent with the current period presentation and organizational
structure.
(b) Includes acquisition related expenses (amortization of acquired
intangible assets, goodwill, deferred compensation and in-process
R&D) of Euro 10 million and Euro 14 million for the three months
ended 12/31/2000 and 12/31/2001, respectively as well as Euro 67
million for the three months ended 09/30/2001.
Consolidated balance sheet
in Euro million Sept. 30, Dec. 31,
2001 2001
Assets
Current assets:
Cash and cash equivalents 757 962
Marketable securities 93 94
Accounts receivable, net 719 602
Related party receivables 208 172
Inventories 882 769
Deferred income taxes 39 50
Other current assets 178 116
Total current assets 2,876 2,765
Property, plant and equipment, net 5,233 5,159
Long-term investments, net 655 674
Restricted cash 86 89
Deferred income taxes 412 698
Other assets 481 537
Total assets 9,743 9,922
in Euro million Sept. 30, Dec. 31,
2001 2001
Liabilities and shareholders' equity
Current liabilities:
Short-term debt and current maturities 119 138
Accounts payable 1,050 928
Related party payables 239 381
Accrued liabilities 426 404
Deferred income taxes 19 37
Other current liabilities 351 342
351
Total current liabilities 2,204 2,230
Long-term debt 249 705
Deferred income taxes 53 55
Other liabilities 337 373
337
Total liabilities 2,843 3,363
Total shareholders' equity 6,900 6,559
Total liabilities and shareholders' equity 9,743 9,922
Condensed consolidated cash flow information
3 months ended
Dec. 31, Dec. 31,
2000 2001
in Euro million
Net cash provided by (used in) operating
activities 6 (115)
Net cash used in investing activities (131) (194)
Net cash (used in) provided by
financing activities (73) 514
Net (decrease) increase in cash and
cash equivalents (198) 205
Sale of marketable securities (102) --
Free cash flow (227) (309)
Depreciation and amortization 243 337
Purchases of property, plant and equipment 412 221
Telephone Conference Information The Management Board of Infineon Technologies will conduct a telephone conference with analysts and institutional investors on January 21, 2002 at 10:00 a.m. Eastern Standard Time (U.S. EST EST electroshock therapy. EST abbr. electroshock therapy ), 4:00 p.m. Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. Time (CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr ), to discuss operating performance of the first quarter fiscal year 2002. A broadcast of the telephone conference will be available live and for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. on Infineon`s web site at: http://www.infineon.com Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the This discussion includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about our future business. These forward-looking statements include statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future developments of the world semiconductor market, especially the market for memory products, Infineon's future growth, the benefits of research and development alliances and activities, our planned levels of future investment in the expansion and modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of our production capacity, the introduction of new technology at our facilities, the transitioning of our production processes to smaller structures, cost savings related to such transitioning and other initiatives, our successful development of technology based on industry standards, our ability to offer commercially viable products based on our technology, our ability to achieve our cost savings and growth targets. These forward-looking statements are subject to a number of uncertainties, including trends in demand and prices for semiconductors generally and for our products in particular, the success of our development efforts, both alone and with our partners, the success of our efforts to introduce new production processes at our facilities and the actions of our competitors, the availability of funds for planned expansion efforts, as well as the other factors mentioned herein. As a result, our actual results could differ materially from those contained in the forward-looking statements. Infineon, the stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. Infineon Technologies design are trademarks and servicemarks of Infineon Technologies AG. All other trademarks are the property of their respective owners. |
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