Infineon freezes headcount, decreases 2013 spending

August 2, 2012 — Following Q3 revenue of EUR990 million, approximately unchanged compared to the previous quarter and outlook for Q4 flat to down slightly, Infineon implemented measures to reduce costs. Full-year revenue will be down approximately 3% from 2011.

Worldwide headcount was frozen, starting in July. In addition, investments planned for the 2013 fiscal year are to be reduced sharply compared to the original plan and will be significantly lower than in the 2012 fiscal year.

See Infineon’s full fiscal report here.

As previously reported, Infineon Technologies AG selected Dr. Reinhard Ploss, a member of the chipmaker’s board, to replace Peter Bauer as CEO at the end of the current fiscal year (October 1, 2012). Bauer announced plans to step down, for health reasons, in May. Ploss has worked with Bauer over the past 4 years on restructuring Infineon.

The company expects its strategic focus on energy efficiency, mobility and security to pay off once sales volumes improve.

Visit the Semiconductors Channel of Solid State Technology!


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>



Edwards launches new Smart Thermal Management System at SEMICON Europa 2016
10/25/2016Smart TMS helps semiconductor, flat panel display and solar manufacturers improve their process performance and safety by red...
Tektronix introduces Keithley S540 power semiconductor test system
10/19/2016Tektronix, Inc., a worldwide provider of measurement solutions, today introduced the Keithley S540 Power Semiconductor Test System, a ...
Novel Wafer Analyzer for up to 300mm wafer using high speed Raman Imaging Technology
08/08/2016Nanophoton introduces RAMANdrive - a new Wafer Analyzer - for a wide range of applications at semiconductor market a...