Infineon bets big on nation's semiconductor market

German semiconductor company Infineon Technologies AG says it aims to achieve double-digit growth this year in China - a country that's playing an increasingly important role in its business as a whole.

"China has gained strong momentum in the semiconductor sector and it has also contributed to around one fourth of the company's sales volume in the last fiscal year," said Su Hua, president of Infineon in China.

"I believe that this growth momentum will continue this year and will be better than the overall growth rate of the company," he added.