OktoberTech 2019: Infineon invents the future with startups and innovators in Singapore

SINGAPORE,Oct. 24,2019 -- At the annual OktoberTech Asia Pacific 2019 on October 25,Infineon Technologies (FSE: IFX / OTCQX: IFNNY) will welcome new startups to its Co-Innovation Space as members of the inaugural batch of startups depart with their commercially-ready solutions built with Infineon's microelectronics.

Infineon Co-Innovation Space gives start-ups access to Infineon’s expertise,guidance and manufacturing facilities,as well as connections to major Infineon partners and customers.

Three new startups,BAWA Cane,Spectronik and XaLogic,will be developing solutions for the visually impaired,clean mobility and machine learning respectively in the next 12 months at Infineon Co-Innovation Space. Two current members of the 2018 intake,Plunify and Shado,will continue their solution development at the facility.

Leaving the Co-Innovation Space are Ampotech with its smart energy monitoring solutions and Xnergy with its next-generation wireless power transfer and charging technologies for autonomous devices.

The startups will showcase their innovations at OktoberTech which will bring together more than 300 innovators,businesses,academics,investors,and policy makers from around the world. Themed "Inventing the future together",the one-day symposium will cover applications such as smart city infrastructure,Industry 4.0-enabling technologies,autonomous and electrified mobility,and smart home and personal devices.

"The outcome of the Co-Innovation Space has exceeded our expectations," said Chua Chee Seong,President and Managing Director,Infineon Technologies Asia Pacific. "Smart and secure innovations for industrial,infrastructure and mobility applications created in Singapore for the world are now ready for commercial showcase. Additionally,the synergy with the startups has helped to fan the spirit of innovation among our team and our eco-system of partners. We look forward to inventing the future together with the new group of innovators to create products that make life easier,safer and greener for everyone."

Launched in 2018,the 260-square meter Co-Innovation Space at Infineon's Asia Pacific headquarters in Singapore is the first of its kind for the company and the semiconductor industry. It's a year-long commitment backed by technologies,expertise and guidance from Infineon in Singapore and around the world. Participants have access to Infineon's research and development and manufacturing facilities,and connections to major Infineon partners and customers in the region.

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier,safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September),the Company reported sales of EUR7.6 billion with about 40,100 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press

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