Infineon CEO Hanebeck: Optimistic about China's Economic Development Prospects,

Minister of Commerce Wang Wentao met with Infineon Technologies Executive Hanebeck. The two sides exchanged views on Infineon's development in China and other topics.

　　Wang Wentao said that China is pushing forward Chinese-style modernisation, accelerating the development of new productivity, promoting large-scale equipment renewal and consumer goods replacement, which will bring huge market opportunities and broad development prospects for Chinese and foreign enterprises, including Infineon. China is committed to promoting high-quality development and high-level opening up, and is committed to providing better services for Chinese and foreign enterprises. We hope that Infineon will continue to plough into the Chinese market and help maintain the stability of the global semiconductor industry chain supply chain.

　　Hanebeck said that China is Infineon's global sales market. Infineon is optimistic about the prospect of China's economic development and is confident about "Invest in China", and will continue to expand its investment in China and strengthen local production and R&D. Infineon is firmly against protectionism and is committed to providing better services to Chinese and foreign enterprises. Infineon is firmly against protectionism, and is willing to continue to deepen cooperation with Chinese enterprises in green low-carbon, digital economy and other emerging areas.

　　China's new energy automotive industry is valued by Infineon. 2023 November, Hanebeck said that the current environment is full of challenges, on the one hand, consumer goods, communications, computing and Internet of Things applications demand is in a brief downturn, on the other hand, the semiconductor structural growth momentum in renewable energy, electric vehicles (especially in China) and automotive MCUs remain unabated, and is expected to 2024, the company's revenue Continued slow growth.

　　Infineon's 2024 quarterly results released on 6 February show that Infineon's revenue in the Chinese market in the fiscal quarter reached 1.323 billion euros, or about 10.206 billion yuan, accounting for 35% of the total.