Monday, August 14. 2006
- 8/2006: The IPO of Infineon's memory chip unit Qimonda raises only half of the planned amount (500mio instead of 1bln). General market conditions are mentioned as the reason.
- 8/2006: Mr. Ziszewitz -ex board member of Infineon- admits that he has accepted bribes (260k EUR in total, typically handed over as cash in envelopes) from a car racing sponsoring firm. He says in court that ex-CEO U. Schumacher was also among the "sponsored" Infineon managers.
- 7/2006: Infineon and Tessera stop legal dispute on patent enfringement case. Infineon agrees to pay one-off 50 million USD to Tessera and then pay for licenses over the next 5 years. (est. 20-30 million USD per year)
- 7/2006: Infineon announces higher revenues in Q2 but a loss of 23 million USD after taxes. Lower than analysts expected.
- 7/2006: Infineon opens new headquarter building in Munich: 160'000 m2, for 6'000 employees, 400 million EUR total costs, a special building - originally planned - for the board was not realized because of cost reasons.
- 7/2006: 30 US states announce plans to sue chip vendors for illegal price arrangements. Infineon is also on the list next to Samsung, Micron, Hynix.
- 7/2006: 560 pink slips are to be sent to employees of the outdated logic chip facility in München-Perlach.
- 3/2006: Siemens sells its last remaining shares (18%) in Infineon ending its - formal - relationship.
- 1/2006: The head of a car racing sponsoring company admits bribes to Infineon managers and board members.
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