The Austrian subsidiary of the German semiconductor group grew on all levels. Turnover reached a new record level of €1,839.5 million, representing a rise of €412.4 million or 29% from the prior-year figure of € 1,427.1 million. The strong growth resulted from the good market development in the global product business with energy-saving chips. This business responsibility on the part6 of Infineon Austria was further expanded during the takeover of the U.S. semiconductor manufacturer International Rectifier by the Infineon Group. As of August 2016, the Group transferred global responsibility for five producer lines of the former competitor to its Austrian subsidiary. This expansion provided additional support for the strong sales growth of the company. Infineon Austria now serves as the headquarters for the global market activities of a total of eleven product lines.
“In addition to our existing expertise, we have thus greatly expanded our head office areas and now coordinate the global marketing and product business for energy saving chips from Villach“, explains Oliver Heinrich, CFO of Infineon Technologies Austria AG.
Milestone: R&D spending exceeds € 400 million for the first time
Infineon Austria spent € 412 million on research, development and innovation in the 2016 financial year. This represents an increase of € 49 million or 13% more than in the previous financial year, corresponding to a research quota of 22% of total turnover. As a result, Infineon Austria is among the most research-oriented industrial companies in Austria.
More information is available at www.infineon.com/austria