Infineon signs MOUs with ST Engineering, Xnergy, Avnet, and Singapore Polytechnic to accelerate innovation in Singapore

Singapore, October 25, 2019 – Infineon Technologies (FSE: IFX / OTCQX: IFNNY) today signed three separate Memorandums of Understanding to boost innovation in Singapore at OktoberTech Asia Pacific 2019.

1. ST Engineering Land Systems, Xnergy and Infineon (photo above)
ST Engineering’s Land Systems arm will collaborate with Xnergy, a wireless charging partner, to incorporate wireless charging to the next generation of Autonomous Mobile Robot (AMR), allowing it to operate within a clean room environment at Infineon’s Smart Factory. The first trial will take place in early 2020, allowing ST Engineering to apply its robotics system expertise in an advanced manufacturing setting.

2. Avnet Asia and Infineon
Avnet Asia and Infineon join forces to offer startups and incubators from technology-related sectors in Southeast Asia the opportunity to accelerate development and growth.

3. Singapore Polytechnic and Infineon
Singapore Polytechnic and Infineon have set up the Singapore Polytechnic-Infineon Innovation Centre to accelerate ideas to prototype solutions focusing on IoT and robotics applications. The Innovation Centre will enable students to conceptualize microelectronics solutions for their problem statements within a short time.

About Infineon
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the Company reported sales of €7.6 billion with about 40,100 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Further information is available at www.infineon.com

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