Infineon to invest 1.2 billion dollars in China by 2007

MUNICH, Germany (AFP) Sep 17, 2003
German semi-conductors giant Infineon plans to invest 1.2 billion dollars (1.0 billion euros) in China by 2007, a spokesman said on Wednesday.

Infineon aims in order to double its share in the Chinese computer chip market to 10 percent within the next five years, the spokesman said, confirming comments made earlier by the group's chairman Ulrich Schumacher in Shanghai.

The German group also plans to have a 40-percent market share in memory chips, Schumacher said, without giving a timeframe.

SPACE.WIRE