(IPO) on both the Frankfurt and New York stock exchanges was met with strong institutional demand that led to the offering being 33 times over subscribed. Infineon raised in excess of $5 billion, despite Siemens having retained a 74 percent stake in the firm, making it the world's largest tech IPO at the time.

Initially, Infineon was primarily focused on the memory market, such as DRAM; this sector proved to