Key Developments: Infineon Technologies AG (IFXGn.DE)

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Latest Key Developments (Source: Significant Developments)

Infineon Technologies AG Comments on Q4 FY 2012 Guidance; Issues Q1 FY 2013 Guidance
Tuesday, 25 Sep 2012 09:43am EDT 

Infineon Technologies AG announced that it expects the revenue of the fourth quarter of fiscal year 2012 to be slightly down compared to the third quarter with a Segment Result Margin close to 12% of revenue. These results lead to the low end of the outlook provided on July 31, 2012. For the first quarter of fiscal year 2013, the Company expects a revenue decline of up to 10% relative to the fourth quarter of the 2012 fiscal year and a Segment Result Margin between 5% and 7% of sales.  Full Article

Infineon Technologies AG Secures New U.S. Government Contract To Supply Secure Chip Technology For ePassport Program
Tuesday, 14 Aug 2012 11:03am EDT 

Infineon Technologies AG announced that the U.S. Government Printing Office (GPO) awarded the Company a new contract to supply security chip technology embedded in the U.S. electronic passport. GPO produces the electronic passport for the Department of State, which issues the document to U.S. citizens. The passports include a security chip embedded in the back cover. This chip securely stores the citizen's credentials according to international standards of travel documents. In this new procurement, GPO named Infineon Technologies as a prime contractor. The new five-year contract award extends Infineon's engagement as a contractor to electronic passport program. Infineon has been a supplier to the program since GPO first began producing the documents in 2005.  Full Article

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