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Infineon Technologies AG (FWB: IFX, NYSE: IFX) was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity. As of September 30, 2007 Infineon has about 43,000 employees worldwide, 6000 of them involved in research and development. In the 2007 financial year, the company achieved sales of US$11.66 billion. In 2007 a 14.6% rise in projected calendar year revenues saw Infineon taking 10th place in iSuppli's global semiconductor sales ranking, thus gaining five places from 2006.
On May 1, 2006, Infineon's Memory Products division was carved out as a distinct company called Qimonda AG. It employs about 13,500 people worldwide.
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