Infineon Technologies, the semiconductor arm of engineering conglomerate Siemens, has appointed Goldman Sachs as sole global co-ordinator for its impending equity issue, despite using both Deutsche Bank and Goldman for its initial public offering (IPO) last year.

The issue is expected to consist largely of capital increase shares, although parent company Siemens, which holds 71%, may also reduce its stake. The management of Infineon has made no secret of its desire for further independence from the group.