HONG KONG, Dec. 5, 2014 /PRNewswire/ -- Infineon Technologies announced on Dec. 4 that it has reached a memorandum of understanding ("an agreement") with Hong Kong Applied Science and Technology Research Institute ("ASTRI") and Hong Kong Science and Technology Parks Corporation ("HKSTP") to establish long term collaboration to advance thermal management solutions for high power density applications tailored to the local requirements of the Chinese Mainland and Hong Kong markets.
The strategic collaboration will initially leverage on research, testing and package development capabilities in ASTRI and HKSTP and the product to system know how of Infineon to develop effective thermal management solutions supporting applications across different industries such as telecommunications, energy storage system and solar conversion. Infineon customers in the telecom and motor drive industries can expect to benefit from one-stop solution and shorter time-to-market.
The agreement was signed by Andrew Chong, Regional President and Managing Director of Infineon Technologies Asia Pacific Pte Ltd., Frank Tong, Chief Executive Officer of ASTRI, and Allen Ma, Chief Executive Officer of HKSTP.
"We strongly believe in the value added to our business through this partnership between Infineon, ASTRI and HKSTP. Our establishment in the research and development community of the Science Park will enhance our ability to further develop technological innovations that will raise the bar for serving customer and market needs. This will establish our R&D activities in Hong Kong as an essential element of our power management capability in the region," said Andrew Chong, Regional President and Managing Director of Infineon Technologies Asia Pacific Pte Ltd.
"ASTRI is pleased and privileged to enter into a long-term collaborative relationship with Infineon, a world leader in the semi-conductor manufacturing field. We are well prepared to render technical support for Infineon on its development of innovative products and applications to capture new business opportunities in the Chinese Mainland and Hong Kong. The partnership is indeed a validation of ASTRI's technological competence, and will without doubt reinforce ASTRI's position as one of the premier R&D centres in the Asia-Pacific region," said Frank Tong, Chief Executive Officer of ASTRI.
Allen Ma, Chief Executive Officer of HKSTP said, "Our focus is to provide a vibrant ecosystem at Hong Kong Science Park where our partner companies may connect and collaborate with relevant technology partners to catalyse technological innovations. We are glad to facilitate the partnership between Infineon and ASTRI, both residing at the Science Park; and to offer support to them with our state of the art equipment and laboratory facilities for product testing that will lead to exciting new solutions that will benefit the community."
According to IHS Technology -- Power Semiconductor Discretes and Modules Report 2014, the global power semiconductor market will reach a total market value of just under EUR15.6 billion in 2018. Major growth is expected in power discretes for cellular Infrastructure and cellular headset with a five-year compound annual growth rate (CAGR) of 9.9 percent expected.
While initial focus is on the thermal management solution, the partnership will be further expanded to other power management and multi-market products and solutions. The partnership will enable Infineon to engage the technology talents and facilities at the Park through commercial and technical engagement, and the joint development of other applications in the long run.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2014 fiscal year (ending September 30), the Company reported sales of Euro 4.3 billion with around 29,800 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).Further information is available at www.infineon.com.
About ASTRI
Hong Kong Applied Science and Technology Research Institute("ASTRI") was founded by the Government of Hong Kong SAR in 2000 with a mission to enhance Hong Kong's competitiveness in local technology-based industries through applied research. In 2006, ASTRI was designated the Hong Kong Research and Development Centre for Information and Communications Technologies by the Innovation and Technology Commission.With a 500-strong R&D team, it is currently the largest technology R&D centre in Hong Kong.For further information, please visit www.astri.org .
About Hong Kong Science and Technology Parks Corporation
Comprising Hong Kong Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.
Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics Engineering, Information Communications Technology, Green Technology, Bio Medical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.
Technology businesses benefit from our specialised services and infrastructure at Hong Kong Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long.
More information about HKSTP is available at www.hkstp.org.
