Ad-hoc | 18 December 2001 08:40

Infineon Technologies AG english

Infineon and Toshiba to End Negotiations on Memory Chip Joint Venture Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Infineon and Toshiba to End Negotiations on Memory Chip Joint Venture Infineon Technologies AG and Toshiba have been unable to reach a mutual agreement in their negotiations on a potential cooperation in the memory segment. Following intensive talks, both Infineon and Toshiba agreed that none of the options that were discussed would be feasible strategies for both companies. Therefore, the negotiations were brought to an end. “I regret that the mutual talks will not continue and that we could not achieve the results we were looking for”, commented Dr. Ulrich Schumacher, President and CEO of Infineon, on the decision. “However, in the consolidating memory market, Infineon has established a strong leadership position. Our leading technology, our outstanding cost position in manufacturing and our pioneering role in 300mm technology secure important competitive advantages and provide us with a market position from which we will build”, continued Dr. Schumacher. Infineon continues to remain open to future cooperations with manufacturers of memory chips if Infineon’s cash position would not be adversely affected as a result of a potential cooperation. end of ad-hoc-announcement (c)DGAP 18.12.2001 ——————————————————————————– WKN: 623100; ISIN: DE0006231004; Index: DAX Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart; NYSE 180840 Dez 01