SINGAPORE - Media OutReach - 25 October 2019 - AvnetAsia Pte Ltd today signed a Memorandum of Understanding (MOU) withInfineon Technologies Asia Pacific to jointly support startups and incubatorsfrom technology-related sectors in Southeast Asia. Startupsand incubators will now be able to access Avnet and Infineon's expertise, ecosystem,and technological facilities to accelerate the process of bringing theirproducts to market.

Photo caption: The MOU signing ceremony between Avnet Asia Pte Ltd and Infineon Technologies Asia Pacific at the OktoberTech Asia Pacific 2019 event
Back row (L-R): Dr. Reinhard Ploss (Chief Executive, Infineon Technologies), Mr. Tharman Shanmugaratnam (Senior Minister, Singapore), Mr. Chua Chee Seong (President and Managing Director, Infineon Technologies Asia Pacific) and Dr. Ulrich Sante (German Ambassador to Singapore)
Front row (L-R): Mr. Lim King Soon (Vice President, Distribution Management, Infineon Technologies Asia Pacific) and Ms. Tan Aik Hoon (Regional President, South Asia, Korea and Avnet United)

The cooperation will give startups access to laboratoryfacilities, technical support, and guidance in areas of solution design,testing and certification based on Infineon's products and manufacturingservices. To further develop the innovation ecosystem, Avnet and Infineon willalso collaborate with incubators to jointly organize workshops, seminars, andevents for stakeholders to discuss current and emerging technology trends.

Ms. Tan Aik Hoon, Regional President, South Asia,Korea and Avnet United said, "Avnet has been at the forefront of enablinginnovation in the region. Our partnership with Infineon will allow us tofurther enhance our innovation-enabling capabilities for startups at everystage of the product lifecycle so they can get to market faster. We see greatpotential in Southeast Asia as a region for the development of innovativetechnologies with its thriving and vibrant entrepreneurial ecosystem."

Mr. Lim King Soon, Vice President, DistributionManagement, Infineon Technologies Asia Pacific Pte Ltd said, "We welcome Avnetin bringing onboard their expertise including IoT, design and supply chain thatgreatly complements Infineon's extensive portfolio of sensors,microcontrollers, actuators and embedded security to develop the nextgeneration of intelligent applications and IoT solutions linking the real andthe digital world."

Avnet provides an extensive ecosystem of experts tosupport startups at every stage of the product lifecycle to bring their solutionsto market. By bridging ecosystem platforms such as element14.com, Hackster.io, Farnell and Dragon Innovation, Avnet helps engineers,entrepreneurs and enterprises take their technology projects from idea todesign, and from prototype to production. By providing unique onlinecommunities, design, supply chain and manufacturing services with testing and certification that are greatlysought after by startups, Avnet effectively helps to reduce the time, cost andcomplexities of bringing products to market.

Tolearn more about how Avnet has been supporting startups, please visit https://www.avnet.com/wps/portal/us/resources/startup-resources/.

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About Avnet

From idea to design and from prototype to production, Avnetsupports customers at each stage of a product's lifecycle. A comprehensiveportfolio of design and supply chain services makes Avnet the go-to guide forinnovators who set the pace for technological change. For nearly a century,Avnet has helped its customers and suppliers around the world realize the transformativepossibilities of technology. Learn more about Avnet at www.avnet.com.