Infineon Technologies AG (IFNNY) is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics and chip cards, as well as security applications. The company supplies security chips for the world’s first electronic passports, using the Supplemental Access Control (SAC) protocol, an enhancement against unauthorized access and possible abuse of personal data. The passports, issued by the Republic of Kosovo, contain Infineon security chips.
Electronic passports will become mandatory within the EU as of December 2014. As the first European country to comply with the new requirement, the Republic of Kosovo will issue 800,000 electronic passports. According to current estimates from market research firm IHS, roughly 192 million electronic passports are in circulation in Europe. The $11 billion company is currently trading around $11 per share and gained 28% in 2013.