Infineon Technologies

In 2020 Infineon acquired Cypress Semiconductor Corp which was based in San José, California. With about 5,800 employees worldwide and revenues of about 2.5 billion US dollars Cypress fitted in an excellent way to Infineon forming the base for a successful transaction. With the acquisition, Infineon is able to offer the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization.

Helmut Gassel, member of the Management Board and Chief Marketing Officer (CMO) of Infineon Technologies AG, will resign from his position at his own request effective 31 May 2022 and will leave the company. The Infineon Supervisory Board agreed to this request with great regret. Andreas Urschitz, currently President of the Power & Sensor Systems (PSS) Division, has been appointed as his successor. "As a longtime companion, Helmut Gassel has played a decisive role in Infineon's great success. As CMO, he has driven forward the digitalization of marketing and sales and thus the alignment with the future. I view with great respect the fact that he wants to make a personal change and therefore leave Infineon. I welcome the Supervisory Board's decision in favor of Andreas Urschitz as the future CMO. He has achieved great success as Division President and has demonstrated a keen sense of market developments and our customers' needs," said CEO Jochen Hanebeck.