Supervisory Board extends contracts of CMO Dr. Helmut Gassel and COO Jochen Hanebeck to 2024

Munich, Germany – 3 August 2018 – The Supervisory Board of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has extended the contracts of Chief Marketing Officer Helmut Gassel and of Chief Operations Officer Jochen Hanebeck by five years until June 30, 2024. Both have been a member of the Management Board since July 1, 2016. Their current contracts expire on June 30, 2019. By extending the contracts, the Supervisory Board acknowledges Helmut Gassel’s and Jochen Hanebeck’s large contributions to the company's sustainable and profitable growth path.

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 2017 fiscal year (ending 30 September), the Company reported sales of around €7.1 billion with about 37,500 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). Follow us: Twitter – Facebook - LinkedIn