Feeds

Infineon memory boss quits

Police raid, corruption allegations

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

The boss of Infineon's memory business has quit the company and the board while police investigate corruption charges.

Andreas von Zitzewitz offered his resignation on Saturday following police raids on Infineon's offices on Friday.

Von Zitzewitz faces possible charges relating to "payments made for contracts regarding motorsport sponsoring". Infineon is not under investigation and is cooperating fully with police.

A statement on Infineon's website reads: "Dr von Zitzewit declared his resignation, to spare the company the burden of the ongoing investigation and to be able to fully concentrate on the expected court case."

The news comes at a bad time for Infineon which was planning an Initial Public Offering of its memory unit later this year. Without a boss in place this will be difficult to keep on track.

Infineon CEO Dr Wolfgang Ziebart will run the memory business until a replacement is found.

Infineon's motorsport ventures include a partnership with the Sonoma race track, or Infineon Raceway, just north of San Francisco. ®

Related stories

IBM to Apple: eat these chips
Infineon makes a loss
Infineon to sample DDR 3 'in 2006'

Secure remote control for conventional and virtual desktops

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.