SINGAPORE -�Media OutReach�-�25�October 2019 -�Avnet
Asia Pte Ltd today signed a Memorandum of Understanding (MOU) with
Infineon Technologies Asia Pacific to jointly support startups and incubators
from technology-related sectors in Southeast Asia. Startups
and incubators will now be able to access Avnet and Infineon's expertise, ecosystem,
and technological facilities to accelerate the process of bringing their
products 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 laboratory
facilities, technical support, and guidance in areas of solution design,
testing and certification based on Infineon's products and manufacturing
services. To further develop the innovation ecosystem, Avnet and Infineon will
also collaborate with incubators to jointly organize workshops, seminars, and
events for stakeholders to discuss current and emerging technology trends.

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

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Mr. Lim King Soon, Vice President, Distribution
Management, Infineon Technologies Asia Pacific Pte Ltd said, "We welcome Avnet
in bringing onboard their expertise including IoT, design and supply chain that
greatly complements Infineon's extensive portfolio of sensors,
microcontrollers, actuators and embedded security to develop the next
generation of intelligent applications and IoT solutions linking the real and
the digital world."

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Avnet provides an extensive ecosystem of experts to
support startups at every stage of the product lifecycle to bring their solutions
to 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 to
design, and from prototype to production. By providing unique online
communities, design, supply chain and manufacturing services with testing and certification that are greatly
sought after by startups, Avnet effectively helps to reduce the time, cost and
complexities of bringing products to market.

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To
learn 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, Avnet
supports customers at each stage of a product's lifecycle. A comprehensive
portfolio of design and supply chain services makes Avnet the go-to guide for
innovators who set the pace for technological change. For nearly a century,
Avnet has helped its customers and suppliers around the world realize the transformative
possibilities of technology. Learn more about Avnet at www.avnet.com.