Infineon rocked by bribery claims

A member of the board of German chip firm Infineon has offered to step down following allegations of bribery.

Andreas von Zitzewitz, the firm said, was under investigation “in context with payments made for contracts regarding motorsport sponsorship”.

Dr von Zitzewitz led the firm’s memory chip unit, the core of operations at Europe’s second-biggest chip maker

Infineon execs to get jail terms

Four executives of German microchip giant Infineon Technologies have pleaded guilty to price-fixing, the US Justice Department has said.

The three Germans and an American will each pay a fine of $250,000 (£129,000) and serve a prison term of up to six months. Infineon agreed in September to pay a fine of $160m after pleading guilty to one count of price-fixing