SOURCE: Infineon Technologies North America Corp.

November 15, 2007 08:00 ET

Infineon Selects Arrow Electronics NAC Division as "Distributor of the Year"

MILPITAS, CA--(Marketwire - November 15, 2007) - Infineon Technologies North America (FRANKFURT: IFX) (NYSE: IFX) today announced that it has awarded Arrow Electronics, Inc. (NYSE: ARW) the 2007 North American Distributor of the Year.

The winner of this prestigious award is selected by a committee at Infineon North America. The selection criteria are based on annual sales, market growth and demand creation activities at the distributor.

"Arrow Electronics in North America has demonstrated its commitment to Infineon's North American distribution channel by continuing to grow sales year-on-year despite challenging market conditions and more than doubling their design win activity from the previous year," said Pierre Laboisse, Vice President of Distribution for Infineon North America. "This partnership is proof that we can continue to meet our customers' needs when manufacturers and distributors work closely together. We look forward to further evolving this relationship and delivering significant business value to customers in 2008."

"Arrow has enjoyed a long-standing partnership with Infineon. Receiving this honor is certainly a highlight for us," said Jeffrey Eastman, Vice President, Supplier Services Group, Arrow Electronics. "It is rewarding to know that our knowledgeable sales team, broad mix of customers, and supply chain solutions helped contribute to Infineon's success."

About Infineon

Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, communications, and security. In the 2007 fiscal year (ending September), the company reported sales of Euro 7.7 billion (including Qimonda sales of Euro 3.6 billion) with approximately 43,000 employees worldwide (including approximately 13,500 Qimonda employees). With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX).

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