Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Non-Deal Roadshow (November 2025)

28 slides from Infineon Technologies's roadshow presentation, Nov 26, 2025

  1. Slide 1: We Power AI - Divisional update call

    We Power AI Divisional update call Peter Wawer (GIP Division President), Adam White (PSS Division President) London, 26 - 27 November 2025 public 1

  2. Slide 2: Agenda and speakers

    Agenda and speakers FY25 revenue of €14.7bn by segment and key growth application Speakers E-mobility 13% Software- 11% defined vehicle 8% 59% AI/Data center 6% Power 3% infrastructure1 Dr. Peter Wawer Adam White IoT Division President GIP Division President PSS Main growth contributors covered in t

  3. Slide 3: Massive AI infrastructure build-outs trigger multi-year CAPEX expansion

    Massive AI infrastructure build-outs trigger multi-year CAPEX expansion [USD bn] 600 In FY25, our AI server business achieved 500 >€700m nearly tripling vs. FY24 400 We expect to more than double our revenue 300 to ~ €1.5bn in FY26 200 Addressable market for us 100 in the range of €8bn to €12bn by e

  4. Slide 4: Infineon products essential for AI power supply and data center operation

    Infineon products are essential for AI power supply and secure operation of data centers – from grid to core and beyond Grid Rack Core Physical AI Energy Storage Uninterruptible Power Solid State Circuit Server Systems (ESS) Breaker (SSCB) Racks Core Supply (UPS-ESS) Renewable Energy Solid State Phy

  5. Slide 5: Renewables are on average the cheapest source of energy

    Renewables are on average the cheapest source of energy [USD/MWh] Grid ⌀ 58-254 USD/MWh 250 -50% Levelized Cost of Energy (USD/MWh) 200 Rack 150 ⌀ 31-100 USD/MWh Core 100 50 Physical AI 0 Nuclear Gas Coal Solar 1 Solar + Storage1 Onshore Wind 1 Costs for Utility-scale installations USA Europe China

  6. Slide 6: With DC microgrids, SST, SSCB and UPS-ESS are gaining importance

    With introduction of DC microgrids, new applications such as SST, SSCB and UPS-ESS are gaining importance Data center site Grid HVAC & Renewable energy Liquid cooling generation Utility grid Rack Data center hall DC DC 10 ~ 35kVAC AC cable DC cable Core SST SSCB DC DC IT Racks Physical AI Microgrid

  7. Slide 7: ESS: Commercial and Utility Storage Solutions with strong growth potential

    ESS: Commercial and Utility Storage Solutions with strong growth potential Grid Infineon’s semiconductor content for energy storage solutions (ESS) ‒ IGBT discretes ‒ SiC MOSFETs power ‒ Low & medium power modules ‒ High-power modules Rack control & ‒ MCUs >€2.000 per MW connectivity ‒ Connectivity

  8. Slide 8: Solid-State-Transformers: new application for semiconductors

    Solid-State-Transformers: new application for semiconductors with significant additional market potential Grid Conventional Transformer Solid-State-Transformer (SST) EasyPACK™ Rack ~40x lighter1 ~14x smaller1 ~50% faster ~20t ~500kg construction time Core Conventional transformer market Infineon exp

  9. Slide 9: Solid-State Circuit Breakers: increased safety, efficiency and reliability

    Solid-State Circuit Breakers: increased safety, energy efficiency and reliability in power distribution Grid Analog circuit breaker Digital solid-state circuit breaker Traditional electromechanical analog Enables smart energy management: circuit breakers protect electrical circuits - Ultra-fast over

  10. Slide 10: Adding CoolSiC JFET to MOSFETs: most comprehensive SSCB portfolio

    Adding CoolSiC™ JFET to MOSFETs: Infineon offers most comprehensive SSCB portfolio in the industry Grid More than 20 SSCB key customers and first Design-Wins Rack Q-DPAK with CoolSiC™ JFET with CoolSiC™ JFET Energy savings ✓ Provides ground-breaking ultra-low RDS(on) 1.5mΩ at 750V and Core 2.3mΩ at

  11. Slide 11: Architectural evolution from 125kW up to 1MW per rack

    Infineon enables the architectural evolution from 125kW up to 1MW per rack Grid PSUs within server rack 3-phase VDC power sidecar Hybrid microgrid Today ~125kW/rack 2027+ ~600kW+/rack 2029+ >1MW/rack Rack Core IT payload Power delivery & backup IT payload Power delivery IT payload Power delivery pow

  12. Slide 12: 3-phase VDC power sidecar – Infineon powers AI from grid to core

    3-phase VDC power sidecar – Infineon powers AI from grid to core for accelerated compute, driving further content growth x72 (18x4) Grid Compute Blades Server x1 GPU Board Rack x72 Mother Board x2 x32 (8x4) Rack HV IBC Switch Tray x288 Smart Network Interface Cards Core x30 PSU (Power Supply Unit) P

  13. Slide 13: Innovative 3-phase PSU system solutions

    Innovative 3-phase PSU system solutions leverage system expertise and IP to deliver industry-leading performance and efficiency Solutions ranging from 3kW to 30kW 30kW Grid 27kW 3-phase PFC 16+kW 3-phase PSU 12kW 3-phase PSU 8kW 1-phase PSU η ~97.5% 1-phase PSU η ~97.5% 100+W/in3 3.3kW Rack η ~97.5%

  14. Slide 14: Data center power architecture protection portfolio

    Infineon advances the data center power architecture through protection enabling better efficiency and serviceability SAM AI Protection Grid Infineon’s power path protection portfolio [USD m] [GW] supporting 48V and 400V/800V architectures 1000 90 80 800 70 60 Smart eFuses as well as the hot-swap co

  15. Slide 15: Broad portfolio of HV & MV IBCs for AI server racks

    Infineon offers a broad portfolio of HV & MV IBCs for current and future AI server rack architectures Grid SAM IBC Market Infineon IBC Module for AI Meeting customer requirements [USD m] 1. With a wide range of IBC topologies, Infineon is serving a multitude of data rack Rack CAGR configurations whi

  16. Slide 16: Converting HV-DC to GPU supply voltages: 2- and 3-stage solutions

    Converting HV-DC to GPU supply voltages - Infineon offers 2- and 3-stage solutions Grid Regulated and unregulated intermediate bus converters (IBC) xSC solutions HV IBC MV IBC 12V Rack 3-stage xSC approach 800V 50V 6V Interleaved buck Core 12V HV IBC 2-stage approach 800V 12V Physical AI 2025-11-26

  17. Slide 17: Vertical power delivery solutions reduce power losses in AI data centers

    Infineon’s cutting edge vertical power delivery solutions significantly reduce power losses in AI data centers further Lumped PDN1 Grid Discrete (Lateral) 90-140µ + Power stages, inductors and capacitors located next to the processor Lateral Power + Lowest cost, with established eco-system and qual

  18. Slide 18: Highest-density VRM modules enable true vertical power delivery

    Highest-density VRM modules enable true vertical power delivery adjacent to the processor Grid x2 >4A/mm2 x2 >3A/mm2 Substrate embedded 2.0A/mm2 Backside Gen 3 power mounted Rack 1.5A/mm2 module 2027 Gen 2 power 1.0A/mm2 2025 module 0.6A/mm2 Gen 1 power 2024 module Chip embedded 0.4A/mm2 2024 2021 M

  19. Slide 19: AI leadership enabled by system-first thinking and strategic differentiation

    Infineon’s AI leadership enabled by system-first thinking and strategic differentiation by design Grid P2S Rack System Broadest product Customer Quality and understanding portfolio first Manufacturing Core Industry leading system Best-in-class performance Accelerating innovation- High reliability an

  20. Slide 20: AI will further accelerate revenue growth of server business

    AI will further accelerate the revenue growth for Infineon’s rapidly-growing server business Infineon is growing together with customers driven by significant AI investments Grid In FY25, our AI server business FY26 achieved >€700m nearly tripling Revenue with our Rack vs. FY24 biggest customers We

  21. Slide 21: Humanoids – an emerging new long-term growth driver

    Bringing AI into the physical world: humanoids – an emerging new long-term growth driver for Infineon Grid Global humanoid market size forecast [In million units] Goldman Sachs "Base" Goldman Sachs "Blue Sky" 1.4-11.6 Rack CAGR +76% Core Physical 0.3-1.5 AI 0.0 2025 2030 2035 Goldman Sachs: Humanoid

  22. Slide 22: We empower humanoids to sense, move, act and connect

    We empower humanoids to sense, move, act and connect. Safe and secure. Grid Processing Connectivity MCUs, motor control ICs, Wi-Fi, Bluetooth®, NFC, security ICs Ethernet, EZ-USB™ Rack Power Power switches incl. Si and GaN, DC-DC conversion, Storage NOR-Flash, SRAM ~$450 Core voltage regulators Infi

  23. Slide 23: We proudly power AI from grid to core and beyond

    We proudly power AI … from grid to core and beyond We power AI from grid to core with full system understanding and our industry leading product portfolio and innovation expertise We enable the key functional blocks in humanoid robots with our broad portfolio of dedicated products from power switche

  24. Slide 24: Questions & Answers

    Questions & Answers 2025-11-26 public Copyright © Infineon Technologies AG 2025. All rights reserved. 24

  25. Slide 25: Cinfineon

    Cinfineon

  26. Slide 26: Abbreviations

    Abbreviations AC alternating current LLC resonant tank converter AI artificial intelligence LV low voltage BBU battery back-up unit MV medium voltage BMS battery management system OEM original equipment manufacturer BVM backside vertical module PCS power capacitor system DC direct current PFC power

  27. Slide 27: Adam White, Division President Power & Sensor Systems

    Adam White, Division President Power & Sensor Systems Adam White was born in the United Kingdom in 1974. He holds a Diploma in Engineering, Electronic and Electrical Engineering with Industrial, BEng (Hons) DIS from University of Loughborough, United Kingdom. 1996 – 2010 2010 – 2015 2015 – 2022 Sinc

  28. Slide 28: Dr. Peter Wawer, Division President Green Industrial Power

    Dr. Peter Wawer, Division President Green Industrial Power Dr. Peter Wawer was born in Berlin, Germany, in 1967. He holds a Diploma in Electrical Engineering from the Technical University in Berlin where he also received his PhD. He joined Infineon (Siemens AG until 1999) in 1997. 1997 – 2008 2008 –

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