Infineon Technologies AG ’s Chief Executive Officer Peter Bauer says a focus on tailor-made chips for cars and machinery is helping Europe’s second-largest semiconductor maker overcome the industry’s sharp price and demand swings.
Infineon Technologies AG, Europe’s second-largest chipmaker, will have faster revenue growth than the rest of the semiconductor market as demand increases for smartphones and power efficiency, Chief Executive Officer Peter Bauer said.
Infineon Technologies AG , Europe’s second-largest chipmaker, sees “disproportionately high growth opportunities” on demand for semiconductors that reduce power consumption and go into cars and trains.
Infineon Technologies AG , Europe’s second largest maker of semiconductors, will keep some of its more than 2 billion euros ($2.9 billion) in net cash for opportunistic acquisitions in its three main businesses.
Infineon Technologies AG, Europe’s second-largest semiconductor maker, said Chief Executive Officer Peter Bauer will step down because of “severely worsening” osteoporosis and appointed a board member as successor.
Infineon Technologies AG’s supervisory board is set to extend Chief Executive Officer Peter Bauer’s contract by five years, Frankfurter Allgemeine Zeitung reported, without saying where it got the information.
German semi-conductor maker Infineon Technologies AG expects only a “slight” drop in sales this year compared with 2011, Welt-am-Sonntag reported, citing an interview with Chief Executive Officer Peter Bauer.
Mimecast, an e-mail management company that targets businesses, was among the first to sell e-mail archiving, retrieval, and security as a cloud-based service, storing client data in offsite servers rather than in a client’s own machines. Founded in 2002 in London, nearly 1,000 U.S. companies have signed on since Mimecast’s 2008 foray into the U.S., according to Peter Bauer , the company’s co-founder and chief executive. He says the company’s revenue almost quadrupled from $5.5 million in 2008, to $21.2 million in 2010.