Infineon Consolidates Leading Position in Power Semiconductors; Growth Despite Weak Market; Number One for the First Time in MOSFET Segment
Business Wire India
September 8th, 2014
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Neubiberg, Germany- Business Wire India
Infineon Technologies AG consolidated its position as global market leader in power semiconductors last year. With a market share of 12.3 per cent, the company came in first for the eleventh time in a row, according to a study carried out by IHS Inc (NYSE: IHS), a business information provider. Infineon also took the lead for the first time in the market for MOSFET power transistors. These are very compact switches that are required, for example, in energy-efficient power supply units. The global market for power semiconductors dropped by 0.3 per cent to around 15.4 billion US dollars in 2013. Despite this weaker environment, Infineon increased its turnover, thereby boosting its market share by 0.9 percentage points compared to the

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Rays Experts Showcase Solar Rooftop Potential at 8th Edition of Renewable Energy India Expo 2014
Business Wire India
September 5th, 2014
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New Delhi, Delhi, India- Business Wire India
Rays Experts, one of India’s leading innovative solar solutions and the biggest emerging solar power EPC and development company participated and showcased the potential of Solar Rooftop PV Systems at the 8th edition of the Renewable Energy India Exhibition and Conference (REI), held at the Indian Expo Centre, Greater Noida from 3rd - 5th September 2014. Commenting on the occasion, Rahul Gupta, Director, Rays Experts stated, “We are happy to be at the Renewable Energy India Expo for the 2nd year as it is an apt stage for us to exhibit our achievements in the solar industry, explore sustainable development opportunities and strengthen ties with our stakeholders. REI is regarded as Asia’s most influential event in the renewable energy sector and it’s focus this year has

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Infineon Ready to Appeal European Commission Decision in Antitrust Inves-tigations against Smart Card Chip Producers; Among Other Companies EC Fined Infineon Euro 82.8 Million
Business Wire India
September 3rd, 2014
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Neubiberg, Germany- Business Wire India
Today, the European Commission adopted a decision in its antitrust investigation against four semiconductor companies active in the smart card industry including Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY). The European Commission believes that the companies involved infringed European antitrust rules through the alleged sporadic exchange of competitively sensitive information. The fine for Infineon is Euro 82.8 million, while the total fine was set at Euro 138 million. Infineon rejects the allegations as unfounded. Further, Infineon believes that its procedural rights were violated by the European Commission. Therefore, Infineon will review the decision very closely and is ready to appeal at the General Court of the European Union in Luxembourg. As is typical in such antitrust proceedings, the fine is apportioned according to the

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Enrich Energy to Set up 60MW Solar Power Project in Telangana
Business Wire India
August 28th, 2014
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Pune, Maharashtra, India
Enrich Energy Private Limited, Pune based Renewable Energy Company, has got the approval for setting up 60 MW Solar Power Project under ‘Solar Park Concept’ in the newly formed state of Telangana. This would be the first renewable energy initiative by the newly formed state. The ‘Solar Park’ will be set up under Open Offer to supply power to meet the states renewable power obligations. TSTRANSCO (erstwhile APTRANSCO) has issued a `Letter of Intent’ for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh as per the Open Offer. Mr. Kanchal, Director, Enrich Energy Said, “With growing urbanization there is an ever increasing need for energy, India can meet her energy requirements

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Infineon Technologies AG to Acquire International Rectifier Corporation for US-Dollar 40 per Share, Approximately US-Dollar 3 Billion in Cash
Business Wire India
August 21st, 2014
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Munich, Germany and California, El Segundo, United States- Business Wire India
 
  • Acquisition creates a highly complementary and innovative semiconductor product portfolio, distribution strength and a stronger regional presence.
  • Integration complements Infineon’s expertise in power semiconductors and adds system know-how in power conversion, while expanding its expertise in compound semiconductors (Gallium Nitride on Silicon) and driving greater economies of scale in production.
  • US-Dollar 40 per share in cash to be paid for all International Rectifier outstanding shares, representing a premium of approximately 47,7 percent over the average share price of International Rectifier during the last three months and a premium of approximately 50,6 percent over the closing share price of International Rectifier on August 19, 2014.
  • Transaction expected to be accretive to pro-forma EPS within the first fiscal year of closing and

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