Infineon and Amkor Deepen Partnership and Strengthen European Supply Chain for Semiconductor Solutions
08 April 2024 - 10:00PM
Business Wire
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a leader in
power systems and IoT, is strengthening its outsourced backend
manufacturing footprint in Europe and announced a multi-year
partnership with Amkor Technology, Inc. (Nasdaq: AMKR), a leading
provider of semiconductor packaging and test services. Both
companies have agreed on operating a dedicated packaging and test
center at Amkor’s manufacturing site in Porto. Operations are
expected to commence in the first half of 2025.
With this long-term agreement, Infineon and Amkor further
strengthen their partnership, extending the classical outsourced
semiconductor assembly and test (OSAT) business model. Amkor will
expand its facilities in Porto and run the production line,
providing dedicated clean room space, and Infineon will provide an
onsite team with engineering and development support. The
cooperation further strengthens the European semiconductor supply
chain and contributes to making it more resilient – especially for
automotive customers. It complements Infineon's already diversified
manufacturing footprint, balancing in-house and outsourced
production capabilities.
“We are pleased to further deepen our partnership with Amkor and
will contribute with our engineering and development expertise,”
said Alexander Gorski, Executive Vice President and responsible for
Infineon’s global Backend Operations. “Infineon and Amkor are
jointly increasing geographical resilience and supply security for
our customers. Together, we are strengthening Europe’s importance
as a location for semiconductor manufacturing. For 20 years,
Infineon has been successfully operating a large service center in
Porto, now with more than 600 employees. With the joint
manufacturing center, we are becoming even more deeply rooted in
Portugal’s excellent semiconductor ecosystem. We are looking
forward to further increasing our footprint in Portugal.”
“Amkor is proud to expand our partnership with Infineon,” said
Giel Rutten, Amkor’s president and chief executive officer. “We
continue to invest in our Porto manufacturing site, expanding
capacity as well as broadening our Advanced packaging and test
technology portfolio. This collaboration represents another
milestone for both companies in enhancing supply chain resiliency
for advanced products supporting Automotive & Industrial end
markets.”
About Infineon
Infineon Technologies AG is a global semiconductor leader in
power systems and IoT. Infineon drives decarbonization and
digitalization with its products and solutions. The company has
around 58,600 employees worldwide and generated revenue of about
€16.3 billion in the 2023 fiscal year (ending 30 September).
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol:
IFX) and in the USA on the OTCQX International over-the-counter
market (ticker symbol: IFNNY). Further information is available at
www.infineon.com.
About Amkor Technology, Inc.
Amkor Technology, Inc. is the world's largest US headquartered
OSAT (outsourced semiconductor assembly and test) service provider.
Since its founding in 1968, Amkor has pioneered the outsourcing of
IC packaging and test services and is a strategic manufacturing
partner for the world's leading semiconductor companies, foundries,
and electronics OEMs. Amkor provides turnkey manufacturing services
for the communication, automotive and industrial, computing, and
consumer industries, including but not limited to smartphones,
electric vehicles, data centers, artificial intelligence, and
wearables. Amkor's operational base includes production facilities,
research and development centers, and sales and support offices
located in key electronics manufacturing regions in Asia, Europe,
and the United States. For more information, visit amkor.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240408481167/en/
Infineon Technologies, AG Andre Tauber Head of Media
Relations +49 89 234 23888 andre.tauber@infineon.com
Amkor Technology, Inc. Jennifer Jue Vice President,
Investor Relations and Finance +1-480-786-7594
jennifer.jue@amkor.com
Christina Parsons Director, Marketing Communications
+1-480-786-7823 christina.parsons@amkor.com
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