SOURCE: Infineon Technologies North America Corp.

August 07, 2006 08:00 ET

Infineon Technologies North America Appoints Semiconductor Veteran Gerry Duggan to CEO and President

SAN JOSE, CA -- (MARKET WIRE) -- August 7, 2006 -- Infineon Technologies (NYSE: IFX) (FRANKFURT: IFX) today announced the appointment of Gerry Duggan as CEO and President of Infineon Technologies North America Corp. Mr. Duggan will be responsible for the business activities at headquarters in North America. He will report directly to Infineon's North American Board of Directors, chaired by Dr. Wolfgang Ziebart, CEO and President of Infineon Technologies AG.

Mr. Duggan will become CEO and President of Infineon North America effective on September 25, 2006.

"Gerry brings a wealth of industry experience to Infineon with a strong focus on markets and customers," said Ziebart. "I am confident that his strong semiconductor network will help strengthen Infineon's presence in the North American market -- and to continue driving satisfaction with our existing and new customers."

Mr. Duggan comes to Infineon from Future Electronics where he was President and Chief Operating Officer until earlier this year. He spent over 20 years at Future where he held several executive leadership positions including Executive Vice President of Worldwide Product Marketing, Executive Vice President of North America Sales and Vice President of Sales. Prior to joining Future, Mr. Duggan held a number of management positions in the Canadian communications RF industry.

"I am excited to be joining Infineon at such an important point in its corporate evolution," said Mr. Duggan. "With the recent strategic realignment, I am looking forward to leading the team to strengthen its core businesses, working closely with Infineon's CEO and Management Board. This new focus will help us build a stronger presence in the North American marketplace."

About Infineon

Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for automotive, industrial and multimarket sectors, for applications in communication, as well as memory products through its subsidiary Qimonda. With a global presence, Infineon operates through its subsidiaries in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2005 (ending September), the company achieved sales of Euro 6.76 billion with about 36,400 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com. Further information on Qimonda is available at www.qimonda.com.

This news release is available online at http://www.infineon.com/news/

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