Feeds

Infineon memory boss quits

Police raid, corruption allegations

  • alert
  • submit to reddit

SANS - Survey on application security programs

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'

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.