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Infineon sells facility in Czech Republic to Siemens VDO Automotive 14-11-05

The automotive supplier Siemens VDO will take over Infineon's plant in Trutnov, Czech Republic from July 1st, 2006, on. Until next summer, both companies plan to work in parallel at the Trutnov site, thus enabling Siemens VDO to ramp-up its production of electric motor drives. Siemens VDO intends to recruit its personal preferentially among the current Infineon workforce. As of today, Infineon employs approximately 500 people in Trutnov.

 

So Infineon has worked out solutions for all outstanding Fiber Optics assets that remained. In August 2005, Infineon sold the business with bidirectional components (BiDi) for FTTx applications to EZconn. In January, Infineon sold the Fiber Optics transceiver business to Finisar Corporation. Soon thereafter, the Plastic Optical Fiber (POF) business was reorganized to become part of Infineon’s Automotive, Industrial and Multi-Market (AIM) Business Group. Overall, the restructuring measures undertaken led to the elimination of operating losses in the fiber optics business.

 

 
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