Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
© Infineon Components | May 10, 2011

Infineon buys Qimonda facility in Dresden (Germany)

Infineon Technologies Dresden GmbH has purchased real estate and manufacturing facilities from the insolvency administrator managing the assets of Qimonda Dresden GmbH & Co. OHG, Dr. Michael Jaffé, for a total sum of EUR 100.6 million.
The real estate borders directly on the Infineon premises in Dresden, Germany. The purchase of real estate covers cleanroom and manufacturing facilities as well as 300mm manufacturing equipment of the former Qimonda Dresden GmbH & Co. OHG and forms part of the company’s strategic capacity expansion.

The insolvency administrator had kept the cleanroom facilities operational after the insolvency proceedings were opened. Infineon now takes over the full remaining items of property and manufacturing facilities.

With this purchase Infineon secures 300mm manufacturing equipment that forms an important basis for potential volume production of 300mm power semiconductors. Infineon Technologies AG is currently working on a development project to assess the use of 300mm wafers for manufacturing power semiconductors on thin wafer technology.

For this purpose a pilot line is set-up at the company’s site in Villach, Austria. Some of the machinery now acquired will be used for completion of the pilot line in Villach. Infineon will decide about the start and the location of a 300mm volume production during the current fiscal year.

Based on this transaction and the further expansion of capacity due to continued strong order intake and a healthy level of orders on hand, Infineon is increasing the capital expenditure budget for the 2011 fiscal year from approximately Euro 700 million to Euro 850 million.

In the 2010 fiscal year, the volume of capital expenditure was Euro 325 million. The company defines capital expenditures as expenditures in property, plant and equipment, and intangible assets including capitalized research and development costs.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
October 16 2017 2:56 PM V8.8.6-2