Infineon Technologies AG and Qimonda Settle Legal Dispute

Neubiberg, 22 August 2024 - Infineon Technologies AG and the insolvency administrator of Qimonda AG have reached a settlement agreement to end their long-standing legal dispute. The conflict, which has been ongoing since late 2010, involved the Qimonda insolvency administrator's claim for approximately EUR 3.4 billion plus interest.

The settlement has been agreed at EUR 753.5 million, comprising a nominal amount of EUR 800 million minus previous set-off amounts. Both Infineon's Supervisory Board and the creditors' committee of Qimonda AG have approved the settlement terms. The court will now determine the settlement formally.

This agreement resolves all legal disputes and claims against Infineon. The payment will be covered by existing funds, although the excess amount will negatively impact Infineon’s earnings and cash flow. The figures mentioned are before tax deductions.