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Infineon Technologies AG: INFINEON REPORTS STRONG Q2 FY14 SALES AND SEGMENT RESULT - Seite 3

EUR2,279 million. The net cash position declined from EUR2,048 million at
December 31, 2013 to EUR2,010 million at March 31, 2014. The decrease was
less pronounced than that of the gross cash position, as Infineon had
announced the redemption of all outstanding convertible bonds on February
7, 2014 causing all bondholders to exercise their conversion rights, thus
reducing short-term debt by EUR38 million.

In February 2014 Infineon paid a dividend of EUR0.12 per share (EUR129
million in total) for the previous fiscal year. The capital returns program
also continued in the second quarter with the sale of put options for 4.5
million shares. At March 31, 2014, put options for 10.5 million shares were
outstanding. Details of put options and the current status of the capital
returns program can be found on Infineon's website at "About Infineon/
Investor/Capital Returns/Program 2013".

OUTLOOK FOR THE THIRD QUARTER OF THE 2014 FISCAL YEAR
Based on the positive order backlog across all operating segments, Infineon
expects continued growth in the third quarter of the 2014 fiscal year with
an increase in revenue of between 4 and 8 percent compared to the previous
quarter. The third-quarter Segment Result Margin is expected to come in
between 14 and 16 percent.

OUTLOOK FOR 2014 FISCAL YEAR
Infineon now expects the increase in revenue and the Segment Result Margin
for the 2014 fiscal year to be at least at the upper end of the ranges
previously indicated (year-on-year increase in revenue of between 7 and 11
percent, Segment Result Margin of between 11 and 14 percent). The assumed
exchange rate of the US dollar against the euro remains unchanged at 1.35.

The expected increase in revenue for the Industrial Power Control (IPC)
segment should be well above the average for the Group. The Automotive
(ATV) segment is expected to grow roughly in line with the Group average.
The growth rates forecast for the Power Management & Multimarket (PMM) and
Chip Card & Security (CCS) segments are slightly lower than the Group
average.

Planned investments for the 2014 fiscal year are in the region of EUR650
million, with depreciation and amortization expected at EUR500 million or
slightly higher.

Infineon segments' performance in the second quarter of the 2014 fiscal
year can be found in the quarterly information at http://www.infineon.com .

All figures in this quarterly information are preliminary and unaudited.

ANALYST AND PRESS TELEPHONE CONFERENCE
Infineon will host a telephone conference call for analysts and investors
(in English only) on April 29, 2014 at 10:00 am (CET), 4:00 am (EST).