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ots Ad hoc-Service: Infineon Technologies AG <DE0006231004> Infineon raises profit forecast for third quarter and fiscal 2000

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Infineon raises profit forecast
for third quarter and fiscal 2000
Due to the increased demand for memory products and the better
than expected positive price trend in this segment, Infineon
Technologies has increased forecasts of the income it expects to
generate in the third quarter and for fiscal 2000. The company
expects EBIT (Earnings before Interest and Tax) for the third quarter
(ending June 30, 2000) to be significantly above 300 million euros.
Higher memory prices, which have been rising sharply since June,
as well as above-average productivity gains, if continued, are likely
to lead to even higher income in the fourth quarter.
Apart from the memory business, demand has also been consistently
high for products from all other segments in wireless and wired
communications, automotive and security and chipcard ICs. Compared to
revised sales forecasts for the worldwide semiconductor industry,
Infineon is still set to grow significantly faster than the market.
The World Semiconductor Trade Statistics (WSTS) recently lifted its
growth forecast for the year 2000 from 18.7 percent to 30.6 percent.
Infineon plans to announce its third quarter results of fiscal
year 2000 on July 26, 2000.
Disclaimer on Financial Projections
Any statements in this document that are not historical facts,
including statements regarding price levels of memory products and
demand for our memory products and other semiconductors, are
forward-looking statements that involve risks and uncertainties;
actual results may differ materially from the forward-looking
statements for a number of reasons, including changes in demand for
memory products and other semiconductors, changes in supply of these
products and changes in demand for the products that incorporate our
semiconductors. Infineon Technologies undertakes no obligation to
publicly release the results of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
In case of further questions don't hesitate to contact us.
INVESTORS & ANALYSTS: Matthias Poth / Achim Schneider Investor
Relations Phone: +49-89-234 26655 Email: 
investor.relations@infineon.com
JOURNALISTS:
Katja Schlendorf Media Relations Phone: +49-89-234 28480 Email: 
media.relations@infineon.com
Further information at www.infineon.com
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