Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling Back
Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when the semiconductor operations of the former parent company Siemens AG were spun off. Infineon has about 50,280 employees and is one of the ten largest semiconductor manufacturers worldwide.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackInfineon changed its business policy towards Russia immediately after the beginning of the war: All direct and indirect shipments to Russia and the respective Russian-backed regions in Ukraine were stopped as early as February – including technical support. At the beginning of March, this was also extended to Belarus. Already in March, the company decided to liquidate its entity in Russia, which is currently being executed.
Exports have been suspended, liquidate Russian entity. Russian 9M727 cruise missile contained company's components. Promised to liquidate the Russian entity but no actions done. Supply channels to Russia have remained open despite Western export restrictions and manufacturer bans. The kamikaze drone "Lancet" (owner of the UAV manufacturer "Rostec") manufacturer uses electronics of Infineon.