The Times Australia
News From Asia

.
The Times Real Estate

.

Hyundai Motor Company, Kia Corporation and Infineon sign multi-year supply agreement for power semiconductors

MUNICH, GERMANY - Media OutReach - 18 October 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Hyundai Motor Company and Kia Corporation have signed a multi-year supply agreement for silicon carbide (SiC) and silicon (Si) power semiconductors.

Infineon will build and reserve manufacturing capacity to supply SiC as well as Si power modules and chips to Hyundai/Kia until 2030. Hyundai/Kia will support the capacity build-up and capacity reservation with financial contributions.

From left to right: Mr. Jason Chae (Vice President of the Semicon Strategy Group at Hyundai Motor Company), Mr. Heung Soo Kim (Executive Vice President and Head of Global Strategy Office at Hyundai Motor Group), Mr. Peter Schiefer (President of Infineon
From left to right: Mr. Jason Chae (Vice President of the Semicon Strategy Group at Hyundai Motor Company), Mr. Heung Soo Kim (Executive Vice President and Head of Global Strategy Office at Hyundai Motor Group), Mr. Peter Schiefer (President of Infineon's Automotive Division), Mr. Peter Schaefer (Executive Vice President, Sales, Marketing and Distribution of Infineon's Automotive Division)

"Infineon stands as a valued strategic partner, boasting steadfast production capabilities and distinct technological prowess within the power semiconductor market," said Heung Soo Kim, Executive Vice President and Head of Global Strategy Office (GSO) at Hyundai Motor Group. "This partnership not only empowers Hyundai Motor and Kia to stabilize its semiconductor supply but also positions us to solidify our leadership in the global EV market, underpinned by our competitive product lineups."

"The future car will be clean, safe and smart and semiconductors are at the heart of this transformation. As a trusted partner, we are proud to advance our long-term partnership with Hyundai/Kia," said Peter Schiefer, President of Infineon's Automotive Division. "We contribute premium products of high quality, our system knowledge and application understanding combined with continued investments in manufacturing capacity to address the increasing demand for automotive power electronics."

Infineon's power semiconductors are key enablers for the transition to electromobility. This transition will lead to strong market growth for power semiconductors, especially those based on wide bandgap materials like SiC. With the significant expansion of its Kulim fab, Infineon will build the world's largest 200-millimeter SiC power fab and further strengthen its market-leading role as a high-quality, high-volume supplier to the automotive industry. In line with Infineon's multi-site strategy, the Kulim facility will complement Infineon's current manufacturing capacity in Villach, Austria, and further capacity expansions in Dresden, Germany.

Hashtag: #infineon #Hyundai #siliconcarbide #SiC #Kulim



The issuer is solely responsible for the content of this announcement.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Infineon is at the core of the transformation of the automotive industry towards sustainable mobility. Further information on Infineon's mobility solutions is available at

The Times Features

The Legal Battle Against IP Theft: What Businesses Need to Know

So you've formulated that million-dollar idea and you're ready to take your business to the next level. You were so excited to publicize your supposedly next big thing that you...

Why Roof Replacement Is the Best Solution for Roofs with Major Leaks

When your roof is leaking extensively, the situation can be both frustrating and worrying. The constant drip-drip-drip of water, the potential for structural damage, and the risi...

Some vegetables are pretty low in fibre. So which veggies are high-fibre heroes?

Many people looking to improve their health try to boost fibre intake by eating more vegetables. But while all veggies offer health benefits, not all are particularly high i...

Why Your Tennis Game Isn’t Improving (And How to Fix It)

Tennis is a sport that demands precision, endurance, strategy, and mental toughness. Whether you play casually or competitively, you may reach a frustrating point where your prog...

Can you get sunburnt or UV skin damage through car or home windows?

When you’re in a car, train or bus, do you choose a seat to avoid being in the sun or do you like the sunny side? You can definitely feel the sun’s heat through a window. Bu...

Want your loved ones to inherit your super? Here’s why you can’t afford to skip this one step

What happens to our super when we die? Most Australians have superannuation accounts but about one in five[1] of us die before we can retire and actually enjoy that money. I...

Times Magazine

Why You Should Choose Digital Printing for Your Next Project

In the rapidly evolving world of print media, digital printing has emerged as a cornerstone technology that revolutionises how businesses and creative professionals produce printed materials. Offering unparalleled flexibility, speed, and quality, d...

What to Look for When Booking an Event Space in Melbourne

Define your event needs early to streamline venue selection and ensure a good fit. Choose a well-located, accessible venue with good transport links and parking. Check for key amenities such as catering, AV equipment, and flexible seating. Pla...

How BIM Software is Transforming Architecture and Engineering

Building Information Modeling (BIM) software has become a cornerstone of modern architecture and engineering practices, revolutionizing how professionals design, collaborate, and execute projects. By enabling more efficient workflows and fostering ...

How 32-Inch Computer Monitors Can Increase Your Workflow

With the near-constant usage of technology around the world today, ergonomics have become crucial in business. Moving to 32 inch computer monitors is perhaps one of the best and most valuable improvements you can possibly implement. This-sized moni...

Top Tips for Finding a Great Florist for Your Sydney Wedding

While the choice of wedding venue does much of the heavy lifting when it comes to wowing guests, decorations are certainly not far behind. They can add a bit of personality and flair to the traditional proceedings, as well as enhancing the venue’s ...

Avant Stone's 2025 Nature's Palette Collection

Avant Stone, a longstanding supplier of quality natural stone in Sydney, introduces the 2025 Nature’s Palette Collection. Curated for architects, designers, and homeowners with discerning tastes, this selection highlights classic and contemporary a...

LayBy Shopping