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Infineon North America Names Avnet Electronics Marketing as 2010 North American Distributor of the Year

^{Published on 2011-02-03 06:06:49 - Market Wire}
 

MILPITAS, CA--(Marketwire - February 3, 2011) - Infineon Technologies (FRANKFURT: IFX) (OTCQX: [ IFNNY ]) (PINKSHEETS: [ IFNNY ]) today announced that Avnet Electronics Marketing Americas, a business region of Avnet, Inc., was named its 2010 North American Distributor of the Year. Infineon recognized Avnet for outstanding achievement in the areas of sales revenue growth, design win activity and customer base expansion across Infineon's broad line of energy efficient semiconductor products and system solutions for applications in the automotive, industrial and multimarket, and chip card and security markets.

"Excellent performance in our distribution partnerships is a key contributor to the success of Infineon North America," said Jean Baptiste Loire, president of Infineon North America. "Throughout our 2009/2010 fiscal year, Avnet Electronics Marketing has helped in managing sales growth with both existing and new customers during a challenging period in the business cycle. We look forward to continued success."

"This award is an honor that we consistently strive for as an organization," said Ed Smith, president of Avnet Electronics Marketing Americas. "We take pride in our efforts and the acknowledgement we've received from Infineon. We look forward to adding more value to Infineon in calendar year 2011 and working side by side with them to accelerate the success of our mutual customers for years to come."

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's website is located at [ www.em.avnet.com ]. Avnet, Inc., a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion. For more information, visit [ www.avnet.com ].

About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2010 fiscal year (ending September 30), the company reported sales of Euro 3.295 billion with approximately 26,650 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. 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).