Word: infineon
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...March 2000, the height of the technology bubble, and Ulrich Schumacher wanted to drive a point home to the world's investors. His semiconductor company, Infineon Technologies, was about to start trading on the New York Stock Exchange. Like another Schumacher - Formula One star Michael - the CEO is serious about racing, so he cruised down Wall Street in a F-1 car. Infineon's stock sped out of the starting blocks on March 13, 2000 and hit a high on the Frankfurt exchange of €92.50 in June. Then demand for semiconductors slumped, and Infineon hit a slick...
...semiconductor industry will not succeed in achieving the growth rates observed in the past just with faster processors and more money. - ULRICH SCHUMACHER, CEO, Infineon technologies
...again in the lower house, in which Schröder has an absolute majority. Big business has been a vocal critic of Schröder ever since he started hinting that higher taxes are necessary. "We are on the wrong path," says Ulrich Schumacher, ceo of chip maker Infineon. "I do not know anyone who is not worried." Ludwig Georg Braun, president of the Association of Chambers of Commerce and Industry, attacked Schröder's reforms. "Emergency repairs are not enough to get the economy working again," Braun said. "The government must show willingness for comprehensive reforms that break...
There has been a steady drumbeat of bad news on the job front in Europe. Just last month, the Swiss engineering firm ABB announced 12,000 layoffs, 8% of the company's workforce. Infineon, Europe's second-largest chipmaker, said it is downsizing 5,000 workers because of a slowdown in the electronics sector. Ericsson, Sweden's big telecom equipment provider, said it would stop making mobile phones - a decision that will put 2,600 out of work in southern Sweden. In fact, in just a single week in late July, European companies announced a total of 30,000 layoffs...
...Infineon Technologies Public company based in Munich, Germany CEO: Ulrich Schmacher What it does: Spun off from Siemens in 1999, Infineon makes memory products and semiconductor solutions Why it is hot: It is reporting strong margins in wireline communications, security and chip- card integrated circuits and in its automative and industrial business groups www.infineon.com | last year...