Infineon looks to beef up US presence

September 30, 2003 – Infineon Technologies, Munich, Germany, has opened a facility in New York City, and is watchful for potential domestic acquisitions as part of a plan to become a top-5 semiconductor supplier in North America.

CEO Ulrich Schumacher told the Financial Times Deutschland that the company plans to increase US sales to 35% of total sales, up from 24% currently.

Schumacher also predicted that only five of the 15 US chipmakers operating today would survive consolidation. “We want to build up significant cash reserves to be prepared for opportunities,” he said.


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