Infineon completes sale of manufacturing sites in Cavite, Philippines and Cheonan, South Korea to ASE

Munich and Taipei – 1 August 2024 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has completed the sale of its two backend manufacturing sites, one in Cavite, Philippines and one in Cheonan, South Korea, to two fully owned subsidiaries of ASE, a leading provider of independent semiconductor manufacturing services in assembly and test.