Infineon and Goldpac Sign Strategic Cooperation Agreement on Smart Manufacturing

By | September 13, 2017

September 13, 2017,Zhuhai, China—responding to China’s “Made in China 2025” strategy, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Goldpac (Stock Code: 03315) signed a strategic cooperation agreement today. The two sides reached a consensus that Infineon will help to further elevate the smart operation capabilities of Goldpac through the leveraging of their experience and knowledge of Germany’s implementation of “industry 4.0”.

Infineon plays a key role in the development of devices and industrial standards for Industry 4.0. Not only is it a founding member of Germany’s Industry 4.0 initiative, but also a core member of the Industry 4.0 working group. At the same time, Infineon is actively realizing the Industry 4.0 concept to create the world’s most advanced intelligent factory. In China, Infineon holds the position of Vice President of the China-Germany Smart Manufacturing Alliance within China’s Ministry of Industry and Information Technology to help implement the “Made in China 2025” strategy. Meanwhile, as the world’s leading intelligent payment technology company, Goldpac has more than 20 years of rich experience and a deep understanding of secure payment production operations. Goldpac is actively utilizing cutting-edge technologies such as cloud computing, big data, artificial intelligence to name a few, to realize the optimization of intelligent business processes including research and design, production and operations, intelligent logistics and risk control by taking advantage of the experience gained from Germany’s Industry 4.0. This will provide customers both at home and abroad with broader and more superior services.

In this context, Infineon and Goldpac, as respective leaders in their industry, will jointly engage in a strategic cooperation. According to this agreement, Infineon will provide consulting services as well as knowledge and experience sharing of the German Industry 4.0 implementation. As part of the collaboration between the “Made in China in 2025” strategy and Germany’s Industry 4.0 strategy, Infineon will assist Goldpac in evaluating Manufacturing Execution Systems (MES) and other systems solutions from a structural perspective to increase systems integration. It will also make recommendations on overall improvements to the system architecture, data collection, as well as equipment acquisition and interfacing. The successful fusion of these two strategies will help Goldpac further increase the pace of its informatization, networking, numerization, intelligence and integration efforts, to optimize its application of a cutting-edge Industry 4.0 integrated management system.

Mr. LU Run Ting, the Chairman of the Board of Goldpac said: “As a National-level Enterprise which has implemented standards-based information and industrial integration, Goldpac is actively exploring the establishment of intelligent manufacturing informatization, data-driven platforms, automated and integrated execution platforms, and is constantly promoting the work of intelligent manufacturing. We have already set up and operated our GMES production management system and Data Task System (DTS) management systems successfully. Today, Goldpac joins hands with Infineon by signing a strategic cooperation agreement on smart manufacturing. This powerful combination will bring to the two sides, a deeper and wider cooperation and innovation in the field of smart manufacturing. We will improve the efficiency of our production and operations and quicken our market response speed. This in turn will help establish a future-proof and comprehensive competitive advantage. At the same time, by providing our customers with customized, personalized and flexible value-added services, we can maximize customer stickiness, provide reproducible and propagable products for China’s security industry for the global market place, and enhance the international visibility and reputation of China’s manufacturing industry.”

Dr. SU Hua, president of the Greater China region for Infineon Technologies (China) Co., LTD. said, “The biggest challenge that the secure payment products field face is how to introduce new products that are more diverse, safer and more reliable at a faster pace of development. As an important driving force for technological innovation and productivity, the production-manufacturing of safe payment products also depends on an information-connected automation management system. Goldpac is the leader in Asia-Pacific security payment sector and a positive practitioner of “Made in China 2025” strategy. The strategic cooperation between Infineon and Goldpac in the field of smart manufacturing will create a series of new opportunities for both sides, breed more breakthrough technology and accelerate the development for the smart manufacturing of Chinese security payment products.

For many years, Infineon has been committed to the Chinese market is now actively promoting the “win-win cooperation with China” strategy and helping to realize the “Made in China 2025” strategy, which is an important strategic initiative. To implement this initiative, Infineon has created a triangular business model based on the current global smart manufacturing and manufacturing environment in China. On one hand, Infineon welcomes local manufacturing enterprises to visit its Wuxi smart factory and will share its successful experiences with local manufacturers in various forms. On the other hand, the cooperation with production system and equipment providers, planners and integrators and China’s top universities will provide domestic manufacturing enterprises with consulting services during their transformation and upgrading. The strategic cooperation between Infineon and Goldpac is another successful example of the execution of the triangular business model following Infineon’s previous collaboration with Tongfu Microelectronics.

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About Goldpac Group Limited (Stock Code: 03315)

The world’s fourth largest and China’s top ranked payment solutions provider Goldpac Group Limited was successfully listed on the Main Board of the Hong Kong Stock Exchange on December 4, 2013 and trades under the stock code 03315.HK. It is the only secure payment solution provider in China who hold simultaneous certifications by China UnionPay, VISA, MasterCard, American Express, JCB and Diners. As a national High-Tech enterprise, Goldpac is also a National-level Pilot Enterprise which has implemented the Standards of Informatization and Industrialization integration, a National High-tech Enterprise, a National Key Contact Outsourcing Service Enterprise recognized by the Ministry of Commerce of the People’s Republic of China, a Guangdong Provincial Research Center for Secure Transactions in Internet of Things and a Guangdong Provincial Technology Centre.

Committed to its core vision of Making Transactions More Secure and Convenient, Goldpac is specialized in delivering embedded software and secure payment products for global customers while leveraging innovative Fintech to provide data processing service, system platform and other total solutions for a wide business range of financial, government, healthcare, transportation, and retails. So far, the diversified payment products and solutions have been sold to 23 countries and regions worldwide.

For more information, please visit http://www.goldpac.com/en/.

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2016 fiscal year (ending September 30), the Company reported sales of about €6.5 billion with some 36,300 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).

Infineon China

Infineon Technologies AG entered the Chinese market in 1995, and launched its first branch in Wuxi October the same year. With around 2,000 employees, its operations in China have seen fast and continued growth and now stand as the top driver for the Asia-Pacific and even its global businesses. Infineon has built up a comprehensive value chain extending from R&D to production, sales, marketing, technical support, etc. and conducted in-depth cooperation in areas such as sales, technological innovation and talent training with leading Chinese enterprises and top universities.

Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press

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