Infineon's boss resigns over corruption investigation


Infineon's boss resigns over corruption investigation

Antony Savvas

The head of Infineon’s memory chip business has resigned from the German company’s board amid allegations that he accepted bribes to push corporate sponsorship of motor racing events.

Infineon’s Andreas von Zitzewitz resigned last weekend after prosecutors raided the company's offices and the homes of senior executives last Friday.

Zitzewitz had been the head of the loss-making memory chip business since the beginning of the year. 

Infineon said Zitzewitz is under investigation by prosecutors and that he had resigned to concentrate on an expected court case.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy