Huawei is buying US$68 million worth of semiconductors from Infineon

Infineon has bagged US$ 68 million worth of communications semiconductor IC orders from Huawei Technologies. Infineon to supply semiconductor devices for Huawei's telecom products such as Central Office solutions (CO), Customer Premise Equipment (CPE) and Mobile Phone Platforms. This shipment has already started.

"We feel very much honored to sign this agreement with Huawei", said Dominik Bilo, Senior Vice President, Sales, Marketing and Distribution of Infineon Technologies at the signing ceremony in Frankfurt, Germany. "Huawei and Infineon are maintaining a very positive and long lasting business relationship. We are very happy that we could extend this successful relationship from year to year and now sign this agreement for delivering cutting-edge technologies and communication solutions."

This order is part of procurement effort by Chinese business delegation of about 200 Chinese entrepreneurs, led by Commerce Minister Chen Deming by touring Germany, Switzerland, Spain and UK. In Germany only, this delegation signed a total of 37 procurement deals worth around 14 billion U.S. dollars with local companies, focusing on electronics, automotive, machinery and healthcare.