WolfgangZiebart
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Infineon chief to step down
German chipmaker Infineon, supplier of silicon to a number of the world's phone manufacturers, has announced that CEO Wolfgang Ziebart will be packing up and shipping out as of June 1 due to a "difference in strategy" with the company. Specifics weren't given, but it's hard to ignore the fact that Infineon has posted five consecutive quarters of losses amidst a downturn in demand for its wares and poor performance at its Qimonda memory unit; what's more, rumor has it that an investment firm is looking to snatch up a giant share of Infineon and tie it up with Dutch semiconductor firm NXP, a plan Ziebart is said to have opposed. That may have fast-tracked his exit, but let's be honest, you can only go so many quarters in the red before your name starts to come up in "streamlining" meetings. Board member Peter Bauer will succeed Ziebart starting next month.
