SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
December 10, 2002
INFINEON TECHNOLOGIES AG
St.-Martin-Strasse 53
D-81541 Munich
Federal Republic of Germany
Tel: +49-89-234-0
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- .
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This Report on Form 6-K contains a press release of Infineon Technologies AG
dated December 10, 2002 announcing Infineon Technologies AG's exit from ProMOS
following a failure of negotiations with Mosel Vitelic on future of ProMOS.
[Infineon Technologies LOGO]
(PUBLISHED IN TAIWAN AND IN CHINESE LANGUAGE ONLY)
NEWS RELEASE/PRESSEINFORMATION
INFINEON TECHNOLOGIES TO EXIT FROM PROMOS FOLLOWING FAILURE OF NEGOTIATIONS WITH
MOSEL VITELIC ON FUTURE OF PROMOS
Taipei, December 9 - Infineon Technologies AG announced today that its
negotiations with Mosel Vitelic Inc. over the future of the ProMOS joint venture
in Hsinchu, Taiwan, had broken off without success. Despite repeated efforts by
Infineon, the parties were not able to find a mutually acceptable solution. As a
consequence, Infineon will dispose of its approximately 30 percent shareholdings
in ProMOS in accordance with applicable Taiwanese regulations and market
conditions. Infineon will also stop purchasing products from ProMOS as of
January 1, 2003, when the current product purchase agreement terminates and will
not license any additional technology to ProMOS.
In October, Infineon announced that is had cancelled its shareholder agreement
with Mosel Vitelic relating to ProMOS, effective January 1, 2003, due to
repeated material breach of the agreement by Mosel Vitelic. The product purchase
agreement, which establishes the rights of Infineon and Mosel Vitelic to
purchase products from ProMOS, will also terminate on January 1, 2003.
ABOUT INFINEON
Infineon Technologies AG, Munich, Germany, offers semiconductor and system
solutions for the automotive and industrial sectors, for applications in the
wired communications markets, secure mobile solutions as well as memory
products.
With a global presence, Infineon operates in the US from San Jose, CA, in the
Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2002
(ending September), the company achieved sales of EUR 5.21 billion with about
30,400 employees worldwide. Infineon is listed on the DAX index of the Frankfurt
Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX).
Further information is available at WWW.INFINEON.COM.
DISCLAIMER
This news release includes forward-looking statements about our future business.
These forward-looking statements include statements relating to future
developments of the world semiconductor market, especially the market for memory
products, Infineon's future growth, the benefits of research and development
alliances and activities, our planned levels of future investment in the
expansion and modernization of our production capacity, the introduction of new
technology at our facilities, the transitioning of our production processes to
smaller structures, cost savings related to such transitioning and other
initiatives, our successful development of technology based on industry
standards, our ability to offer commercially viable products based on our
technology, our ability to achieve our cost savings and growth targets. These
forward-looking statements are subject to a number of uncertainties, including
trends in demand and prices for semiconductors generally and for our products in
particular, the success of our development efforts, both alone and with our
partners, the success of our efforts to introduce new production processes at
our facilities and the actions of our competitors, the availability of funds for
planned expansion efforts, as well as the other factors mentioned herein. As a
result, our actual results could differ materially from those contained in the
forward-looking statements.
Infineon and the stylized Infineon Technologies design are trademarks and
servicemarks of Infineon Technologies AG.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
INFINEON TECHNOLOGIES AG
Date: December 10, 2002 By: /s/ ULRICH SCHUMACHER
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Dr. Ulrich Schumacher
Chairman, President and
Chief Executive Officer
By: /s/ PETER J. FISCHL
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Peter J. Fischl
Chief Financial Officer