SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
March 17, 2004
INFINEON TECHNOLOGIES AG
St.-Martin-Strasse 53
D-81541 Munich
Federal Republic of Germany
Tel: +49-89-234-0
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ý Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No ý
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
This Report on Form 6-K contains a press release of Infineon Technologies AG dated March 16, 2004 announcing the acquisition of minority holdings in its 300mm Dresden subsidiary.
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News Release/Presseinformation
Infineon acquires minority holdings in its 300mm Dresden subsidiary
Transaction will be financed through capital increase in kind
Munich, Germany — March
16, 2004 — Infineon Technologies AG (FSE/NYSE: IFX) announced today that it
will acquire the 13 per cent minority holding in Infineon
Technologies SC300 GmbH & Co. KG (SC300 KG) of Leipziger Messe GmbH and SC
300 Beteiligungs GmbH, for approximately Euro 278 million. The acquisition will
be financed through increasing Infineon’s capital by approximately 27 million
new shares through a capital increase in kind. Now that the contractual
conditions allow Infineon to acquire the minority holdings and the 300mm
facilities are fully operational Infineon will take sole control of SC300 KG.
SC300 KG operates one of the world’s most advanced semiconductor wafer manufacturing facilities based on 300mm technology. Through the introduction of 300mm technology Infineon has been benefiting from increased productivity and achieved cost savings of approximately 30 per cent.
Infineon and the minority shareholders Leipziger Messe GmbH and SC 300 Beteili-gungs GmbH in SC300 KG had agreed by the foundation of SC300 KG on advance profit participation which affected Infineon’s Consolidated Financial Statements since the operations of SC300 KG were already fully consolidated. The purchase of the minority interest will, therefore, reduce Infineon’s financing charges on an ongoing basis.
Credit Suisse First Boston is acting as financial advisor to Infineon in connection with the transaction.
The investment by Leipziger Messe GmbH and SC 300 Beteiligungs GmbH in SC300 KG was an important factor supporting the successful construction and ramp in operations of the manufacturing facilities. Leipziger Messe GmbH is a company owned
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For the Finance and Business Press: INFXX200403.051e |
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Corporate Communications |
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Name: |
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Phone / Fax: |
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Email: |
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Worldwide Headquarters |
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Guenter Gaugler |
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+49 89 234 28481 / 28482 |
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guenter.gaugler@infineon.com |
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U.S.A. |
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Christoph Liedtke |
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+1 408 501 6790 / 2424 |
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christoph.liedtke@infineon.com |
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Asia |
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Kaye Lim |
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+65 6840 0689 / 0073 |
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kaye.lim@infineon.com |
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Japan |
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Hirotaka Shiroguchi |
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+81 3 5449 6795 / 6401 |
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hirotaka.shiroguchi@infineon.com |
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Investor Relations |
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EU/APAC +49 89 234 26655 |
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USA/CAN +1 408 501 6800 |
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investor.relations@infineon.com |
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by the Federal State of Saxony and by the City of Leipzig. SC 300 Beteiligungs GmbH is a subsidiary of M+W Zander Holding AG, which is the lead company of Jenoptik AG’s Clean Systems group.
About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for the automotive and industrial sectors, for applications in the wired communications markets, secure mobile solutions as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2003 (ending September), the company achieved sales of Euro 6.15 billion with about 32,300 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.
This news release is available online at http://www.infineon.com/news/
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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INFINEON TECHNOLOGIES AG |
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Date: March 17, 2004 |
By: |
/s/ ULRICH SCHUMACHER |
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Dr. Ulrich Schumacher |
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Chairman, President and |
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Chief Executive Officer |
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By: |
/s/ PETER J. FISCHL |
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Peter J. Fischl |
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Chief Financial Officer |
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