Infineon and Amkor Sign Memorandum of Understanding To Stimulate Sustainable Action Across the Supply Chain
19 July 2024 - 1:00AM
Business Wire
- Both companies commit to actively engage with common suppliers
to help them drive effective decarbonization strategies.
- The aim is to identify areas for improvement and support
suppliers in setting their own science-based emissions reduction
targets.
- The partnership of Infineon and Amkor is set to bring the green
supplier engagement of both companies to the next level.
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a leader in
power systems and IoT, has signed a Memorandum of Understanding
with Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of
semiconductor packaging and test services, with a joint commitment
to stimulate decarbonization and sustainability strategies across
the supply chain.
Expanding their partnership towards sustainability is the next
step in the sustainability journey of both companies. Infineon and
Amkor intend to fully leverage their classical Outsourced
Semiconductor Assembly and Test (OSAT) business relationship in
order to effectively tackle emissions along their supply chain. In
April, both companies announced to operate a dedicated packaging
and test center at Amkor’s manufacturing site in Porto,
Portugal.
As part of the cooperation for climate protection, Infineon and
Amkor will actively engage with common suppliers to help them
develop and implement effective decarbonization strategies. This
will involve workshops, meetings, and the sharing of best practices
and learnings related to decarbonization. The aim is to identify
areas for improvement and support suppliers in setting
science-based emissions reduction targets in line with the Science
Based Targets initiative. Both companies are committed to providing
ongoing guidance, fostering exchange, and tracking progress to
drive continuous improvement across the common supply chain.
“Infineon has made excellent progress towards its aim to become
CO2-neutral for scope 1 and 2 by 2030, as the company halved its
emissions while doubling the revenue since 2019.
Supply-chain-related Scope-3-emissions represent the highest share
of total emissions at Infineon and are the hardest ones to
minimize,” said Angelique van der Burg, Chief Procurement Officer
at Infineon. “That makes it even more important to include them in
our efforts. But no one can do it alone. We need to actively
collaborate and drive innovation with our suppliers if we want to
effectively reduce CO2 emissions. This is of ample importance not
only for Infineon and Amkor, but also for society at large.
Therefore, we are happy to join forces with Amkor on this.”
“Amkor is excited to deepen its partnership with Infineon
through this strategic collaboration. Addressing Scope 3 is the
most challenging part of the decarbonization journey, and we
anticipate mutual benefits from this collective work in undertaking
the challenge,” said Giel Rutten, Amkor’s president and chief
executive officer. “This initiative is pivotal in achieving Amkor’s
goal to reach net-zero emissions by 2050 by strengthening supply
chain engagement through joint efforts. We look forward to
collaborating with suppliers and invite them to join our endeavor
to set ambitious science-based targets. Together, we are committed
to driving positive environmental impact across our value
chain.”
To support Infineon’s science-based target commitment and
enhance the collaboration with suppliers, Infineon introduced a
supplier engagement program in 2023. Since then, the company has
been working with more than a hundred suppliers to set and
implement science-based targets. The partnership between Amkor and
Infineon provides an impetus for the strategy of both companies to
make science-based targets the standard for ambitious climate
strategies in the semiconductor industry.
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 This press
release is available online at www.infineon.com/press Follow us: X
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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/20240718115033/en/
Infineon Technologies, AG Diana Kaaserer Communications Manager
Corporate and Innovation +49 89 234 36571
diana.kaaserer@infineon.com
Amkor Technology, Inc. Jennifer Jue Vice President, Investor
Relations and Finance 480-786-7594 jennifer.jue@amkor.com
Christina Parsons Director, Marketing Communications
480-786-7823 christina.parsons@amkor.com
Social Media: @amkortechnology
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