Infineon and Tribe join hands to strengthen Singapore's Blockchain Ecosystem

SINGAPORE,Nov. 4,2020 -- Infineon partners with Tribe,the first Singapore Government supported blockchain ecosystem builder,which brings together government agencies,corporates and blockchain companies to foster innovation and collaboration. Infineon will provide its longstanding industry expertise in hardware security solutions and can help companies seeking to apply blockchain to discover the competitive advantages of Infineon's SECORA™ Blockchain security solutions. Selected start-ups developing applications using SECORA™ Blockchain will have the opportunity to collaborate with Infineon in time-to-market and customer development as partners at the Infineon Co-Innovation Space.

As a hardware-based solution SECORA Blockchain has a decisive advantage over other blockchain access options: It withstands both hardware- and software-based attacks and can only be attacked and manipulated with a very high,financially unprofitable effort.

"Blockchain is moving beyond Fintech into areas as diverse as logistics,brand protection,online shopping and gaming platforms. Tribe's OpenNodes give us access to a vibrant blockchain ecosystem and allow Infineon to showcase our SECORA™ Blockchain Security Solutions." Said Goh Say Yeow,Vice President,Connected Secure Systems,Infineon Technologies Asia Pacific Pte Ltd. "We are honoured to be part of Tribeand are excited to collaborate with them on several fronts,such as supporting OpenNodes-led initiatives as a founding member and working with Tribe Academy to identify promising tech talents. I look forward to explore business opportunities together in the emerging blockchain verticals with leading ecosystem players."

"Driving ecosystem collaboration is a key priority for Tribe as we look to advance blockchain's capabilities and its deployment across industries. As we witness a surge in industry ready solutions based on blockchain,security continues to be a key consideration and differentiator for blockchain companies. With Infineon we have a partner that is well positioned to secure blockchain applications and strengthen trust in the technology," said,Joseph Lim,Head of Global Business Development,Tribe. "We hope to drive Singapore's agenda to be a hotbed for blockchain innovations and real-world application,as we continue to identify and fill the gaps in the industry."

Infineon Blockchain Program

As a leading player in blockchain,Infineon has developed the SECORA™ Blockchain,which is a fast,easy-to-use Java Card™ solution supporting best-in-class security for blockchain system implementation. It makes the application more secure and easier to design for customer's blockchain system. By providing a safe "vault" for user credentials,SECORA™ Blockchain can reduce the final user's commercial risk and helps to increase trust in the block chain system. Infineon's extensive security expertise provides the layer of security required to protect private blockchain keys. The integration of hardware-based security into blockchain applications,such as tokens,wearables,and different module forms,makes private keys much more robust against attacks.

Availability

SECORA™ Blockchainwith SPA Package is now available in volume quantities. It supports cryptoschemes like Etherium,Bitcoin.

About Tribe

Tribe is Singapore's first government supported platform in driving neutrality,collaboration and growth of the blockchain ecosystem,comprising of OpenNodes,Tribe Accelerator,and Tribe Academy. These different initiatives come together to form a cohesive,multifaceted approach to provide a more comprehensive level of support to the blockchain industry. Tribe works closely with global corporations,government agencies,top-tier blockchain companies and late-stage star-tups to build a community that promotes blockchain collaborations and innovations. Tribe's official partners include Enterprise Singapore,IMDA,BMW Group Asia,ConsenSys,IBM,Intel,Nielsen,PwC,R3,and Temasek amongst others. For more information,please proceed to https://tribex.co/

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 2019 fiscal year (ending 30 September),the Company reported sales of €8.0 billion with around 41.400 employees worldwide. With the acquisition of US-based Cypress Semiconductor Corporation in April 2020,Infineon has become a global top-10 semiconductor company.

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