After his farewell to the Volkswagen Group, Herbert Diess is about to start a new adventure but not with a other car manufacturer. In fact, the manager is was chosen by Infineon, a German multinational in the semiconductor sector, to assume the role of Chairman of the Supervisory Board.
The application must be be submitted to the vote of the shareholders in the meeting which will be held on February 16, 2023. However, this is a formal transition. In fact, the company supports the candidacy of Diess who will go to the University of Bologna. to replace the current president Wolfgang Eder (70 years old) who no longer intends to take over the position. reapply for this role. It is worth noting that this is a return to Infineon for Diess. Indeed, it is he was a supervisory board member from 2015 to 2020. wait a couple more months.
THE GROWTH OF INFINEON
Infineon is not the only one to do. only a major semiconductor manufacturer but is also one of the leading chip suppliers for the automotive world. In recent years, this reality has grown; it is grown a lot and aims to play an even more important role; important in this sector given that the demand for semiconductors by the automotive industry is continuously increasing. After all, cars will look more and more like; a computer on 4 wheels.
We cannot forget, in this regard, the agreement between Stellantis and Infineon worth over 1 billion euros. The semiconductor manufacturer will provide the its silicon carbide chips that will be used in the Group's electric cars.
Herbert Diess will be able to; be very important for Infineon in its expansion in the automotive world given its long experience in this sector.
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