Infineon Technologies to sell Newport manufacturing site to Neptune 6 Ltd.

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and a private company trading under the name Neptune 6 Ltd. today announced that they have signed a definitive agreement under which Neptune 6 will acquire IR Newport Ltd., a subsidiary manufacturing site of Infineon. Both parties expect to conclude the deal by the end of September 2017. Infineon and Neptune 6 have also entered into a two-year supply agreement ensuring a mutually smooth transition phase. Upon closing, the buyer intends to operate the site under the name Newport Wafer Fab Ltd.

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