like many german firms, infineon was hit hard by the recession. >>bauer: i'm in semi-conductors for the last 25 years and all these years i haven't experienced such a steep downturn as this one. we were down in some businesses on a quarterly basis 50% as compared to the previous year. all in all the year 2009, was 22% down. >>reporter: infineon's share price tumbled from well over 4 euros to just 40 euro cents. to regain the confidence of the capital markets, the company took drastic action ... cutting costs by 600 million euros, firing 15% of its staff, and selling off non-core businesses. now in 2010, that forced restructuring is paying off. >>bauer: with 50% growth this year, outperforming the 30% growth of the semi-conductor market and with a verybig turnaround in profitability from making losses to making decent double digit operating income and having a good balance sheet. >>reporter: with 40% of its revenues coming from asia, infineon has benefitted from a pick up in asian markets. business has also been boosted at home where german car man