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Infineon Sells Fiber Optics Plant to Siemens

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MUNICH, Germany, Nov. 14 -- After the sale of a significant part of its fiber optics group in January, semiconductor chip maker Infineon Technologies AG announced today that it is selling its most significant remaining fiber-optic asset -- a manufacturing facility in Trutnov, Czech Republic -- to automotive supplier Siemens VDO for an undisclosed amount. Siemens VDO has agreed to take over Infineon's plant in Trutnov as of July 1, 2006. Until then, the two companies plan to work in parallel at the Trutnov site, enabling Siemens VDO to ramp up its production of electric motor drives while also...Read full article

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    Published: November 2005
    Glossary
    siemens
    The electric conductance of a conductor in which a current of 1 ampere is produced by an electric potential difference of 1 volt.
    CommunicationsEZConnfiber opticsFinisarindustrialInfineonNews & FeaturesParoliSiemensTrutnov

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