Infineon Technologies AG (SE: IFX) (OTCQX: IFNNY) has signed an MoU with semiconductor packaging and test services provider Amkor Technology, Inc. (NASDAQ: AMKR) to stimulate decarbonization and sustainability strategies across the supply chain.
The two companies are ready to leverage their outsourcing semiconductor assembly and test (OSAT) business relationship to effectively tackle missions along their supply chain. A step towards this, Infineon and Amkor announced this April to operate a dedicated packaging and test center at Amkor’s manufacturing site in Porto, Portugal.
As part of the cooperation for climate protection, Infineon and Amkor will engage with common suppliers to help them develop and implement effective decarbonization strategies through workshops, meetings and sharing of best practices. This will help identify areas for improvement and support suppliers in setting science-based emissions reduction targets in line with the Science Based Targets initiative.
“Infineon has made excellent progress towards its aim to become CO2-neutral for scope 1 and 2 by 2030, as the company halved its emissions while doubling the revenue since 2019. Supply-chain-related Scope-3-emissions represent the highest share of total emissions at Infineon and are the hardest ones to minimize,” said Angelique van der Burg, Chief Procurement Officer at Infineon. “That makes it even more important to include them in our efforts. But no one can do it alone. We need to actively collaborate and drive innovation with our suppliers if we want to effectively reduce CO2 emissions. This is of ample importance not only for Infineon and Amkor, but also for society at large. Therefore, we are happy to join forces with Amkor on this.”
“Amkor is excited to deepen its partnership with Infineon through this strategic collaboration. Addressing Scope 3 is the most challenging part of the decarbonization journey, and we anticipate mutual benefits from this collective work in undertaking the challenge,” said Giel Rutten, Amkor’s president and chief executive officer. “This initiative is pivotal in achieving Amkor’s goal to reach net-zero emissions by 2050 by strengthening supply chain engagement through joint efforts. We look forward to collaborating with suppliers and invite them to join our endeavor to set ambitious science-based targets. Together, we are committed to driving positive environmental impact across our value chain.”
In 2023, Infineon also introduced a supplier engagement program, and has already worked with several suppliers to set and implement science-based targets. This partnership with provide an impetus for the strategy of both companies to make science-based targets the standard for ambitious climate strategies in the semiconductor industry.
