April 18, 2007 – Infineon Technologies AG plans to invest 200 million euro (about US $271.0 million) in its R&D operations in Singapore, and add about 150 employees (a 37% increase, to 500 R&D workers) over the next three years, to strengthen development of various semiconductor and networking technologies.

The company says the expansion will widen its R&D capabilities targeting a number of areas, including process technologies for wafer fabrication/packaging, ASIC design, and microcontrollers for automotive and industrial applications. Other areas include home networking technologies, Internet access devices, ultralow-cost mobile phone platforms, and digital video broadcasting for mobile TVs.

“This new R&D expansion in Singapore marks a significant step for Infineon in our growth in this region,” said Infineon president/CEO Wolfgang Ziebart, in a statement. “Our strategic direction towards energy efficiency, connectivity and security demands customer-oriented R&D. Leading-edge products for these areas require technology innovation and breakthroughs. Over the upcoming years, we will expand our R&D activities globally as our customers and their applications require more diversity and variety.”