Infineon and X-FAB Semiconductor Foundries announced that X-FAB will not take over the Infineon plant in Munich-Perlach. Infineon pronounced in Februry to close this chip manufacturing. Both X-FAB and Infineon were prepared to make concessions to continue operations at the site and safeguard jobs. After investigating the matter in depth it proved, however, that there is no long-term guarantee of running the Perlach site with economic success and preserving the jobs. At present approximately 800 people are employed there.