DGAP-Adhoc: Qimonda Announces Sale of its Stake in Inotera to Micron

Infineon Technologies AG / Miscellaneous

13.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

Qimonda Announces Sale of its Stake in Inotera to Micron

Neubiberg, October 13, 2008 – Qimonda AG (NYSE: QI) has issued a press
release today regarding the sale of its stake in Inotera Memories, Inc..

Qimonda has signed an agreement under which it sells its 35.6-percent stake
in Inotera to Micron Technology, Inc.  Under the terms of the agreement,
Micron has agreed to purchase Qimonda’s shares in Inotera for US$ 400
million in cash (approximately Euro 296 million) in two installments.
Qimonda will receive US$ 200 million for about one-half its holding, when
receipt of the governmental approvals necessary for this step is expected,
and the remaining US$ 200 million for the second half once the remainder of
the conditions to the final closing of the transaction have been satisfied.

Infineon Technologies AG (FSE/NYSE: IFX), which owns approximately 77.5
percent of Qimonda’s shares, previously announced its desire to separate
itself from its stake in Qimonda. In that connection, Infineon has had
discussions with a number of third parties to explore the possibility of
strategic transactions that would result in the disposition of all or a
portion of its stake in Qimonda. Discussions in this matter are ongoing.
Due to the current uncertainties surrounding the DRAM and world financial
markets, among other factors, the outcome of these discussions is
uncertain.

---------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

ABOUT INFINEON
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2007 fiscal year
(ending September), the company reported sales of €7.7 billion (including
Qimonda sales of €3.6 billion) with approximately 43,000 employees
worldwide (including approximately 13,500 Qimonda employees). 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 and on the New
York Stock Exchange (ticker symbol: IFX).

Further information is available at www.infineon.com. 
This news release is available online at www.infineon.com/press/

DISCLAIMER
This press release contains forward-looking statements based on assumptions
and forecasts made by Qimonda management and third parties. Statements that
are not historical facts, including statements about our beliefs and
expectations, are forward-looking statements. These statements are based on
current plans, estimates and projections, and speak only as of the date
they are made. We undertake no obligation to update any of them in light of
new information or future events. These forward-looking statements involve
inherent risks and are subject to a number of uncertainties, including
trends in demand and prices for semiconductors generally and for our
products in particular, the success of our development efforts, both alone
and with our partners, the success of our efforts to introduce new
production processes at our facilities and the actions of our competitors,
the availability of funds for planned expansion efforts and the outcome of
antitrust investigations and litigation matters, as well as other factors.
We caution you that these and a number of other known and unknown risks,
uncertainties and other factors could cause actual future results, or
outcomes to differ materially from those expressed in any forward-looking
statement. These factors include those identified under the heading 'Risk
Factors' in our most recent Annual Report on Form 20-F which is available
without charge on our website and at www.sec.gov.

Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987


DGAP 13.10.2008 
---------------------------------------------------------------------------
Language:     English
Issuer:       Infineon Technologies AG
              Am Campeon 1-12
              85579 Neubiberg
              Deutschland
Phone:        +49 (0)89 234-26655
Fax:          +49 (0)89 234-955 2987
E-mail:       investor.relations@infineon.com
Internet:     www.infineon.com
ISIN:         DE0006231004
WKN:          623100
Indices:      DAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
              Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News                                     DGAP News-Service
---------------------------------------------------------------------------