(Alliance News) - Infineon Technologies AG on Monday announced a multi-year partnership with Amkor Technology Inc, a leading provider of semiconductor packaging and test services.
Germany-based semiconductor manufacturer Infineon said both companies have agreed on operating a dedicated packaging and test centre at Amkor's manufacturing site in Porto. Operations are expected to commence in the first half of 2025.
Infineon said Amkor will expand its facilities in Porto and run the production line, "providing dedicated clean room space", while Infineon will provide an onsite team with engineering and development support.
"The cooperation further strengthens the European semiconductor supply chain and contributes to making it more resilient – especially for automotive customers. It complements Infineon's already diversified manufacturing footprint, balancing inhouse and outsourced production capabilities," Infineon said.
Infineon Executive Vice President Alexander Gorski commented: "Infineon and Amkor are jointly increasing geographical resilience and supply security for our customers. Together, we are strengthening Europe’s importance as a location for semiconductor manufacturing. For 20 years, Infineon has been successfully operating a large service centre in Porto, now with more than 600 employees. With the joint manufacturing centre, we are becoming even more deeply rooted in Portugal's excellent semiconductor ecosystem. We are looking forward to further increasing our footprint in Portugal."
Amkor Chief Executive Officer Giel Rutten commented: "We continue to invest in our Porto manufacturing site, expanding capacity as well as broadening our advanced packaging and test technology portfolio. This collaboration represents another milestone for both companies in enhancing supply chain resiliency for advanced products supporting Automotive & Industrial end markets."
Shares in Infineon closed up 2.3% to EUR32.33 each in Frankfurt on Monday.
By Greg Rosenvinge, Alliance News senior reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024, Alliance News
Infineon agrees partnership with Amkor over Porto manufacturing site
(Alliance News) - Infineon Technologies AG on Monday announced a multi-year partnership with Amkor Technology Inc, a leading provider of semiconductor packaging and test services.
Germany-based semiconductor manufacturer Infineon said both companies have agreed on operating a dedicated packaging and test centre at Amkor's manufacturing site in Porto. Operations are expected to commence in the first half of 2025.
Infineon said Amkor will expand its facilities in Porto and run the production line, "providing dedicated clean room space", while Infineon will provide an onsite team with engineering and development support.
"The cooperation further strengthens the European semiconductor supply chain and contributes to making it more resilient – especially for automotive customers. It complements Infineon's already diversified manufacturing footprint, balancing inhouse and outsourced production capabilities," Infineon said.
Infineon Executive Vice President Alexander Gorski commented: "Infineon and Amkor are jointly increasing geographical resilience and supply security for our customers. Together, we are strengthening Europe’s importance as a location for semiconductor manufacturing. For 20 years, Infineon has been successfully operating a large service centre in Porto, now with more than 600 employees. With the joint manufacturing centre, we are becoming even more deeply rooted in Portugal's excellent semiconductor ecosystem. We are looking forward to further increasing our footprint in Portugal."
Amkor Chief Executive Officer Giel Rutten commented: "We continue to invest in our Porto manufacturing site, expanding capacity as well as broadening our advanced packaging and test technology portfolio. This collaboration represents another milestone for both companies in enhancing supply chain resiliency for advanced products supporting Automotive & Industrial end markets."
Shares in Infineon closed up 2.3% to EUR32.33 each in Frankfurt on Monday.
By Greg Rosenvinge, Alliance News senior reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024, Alliance News