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Infineon is prepared to spend billions on acquisitions

As it looks for acquisitions to accelerate growth, Infineon is prepared to spend several billion euros on the ideal takeover target, Chief Executive Jochen Hanebeck said in an interview with the Frankfurter Allgemeine Zeitung (FAZ).

Hanebeck told FAZ that the German chip manufacturer is constantly "on the lookout" for suitable businesses. "I see it in the range of up to a few billion (euros)."

The CEO would not go into detail on any specific takeover candidates. He claimed the business may grow. He did however say that the company might expand into markets such as power semiconductors, sensors, software, and AI.

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May 15 2023 11:13 am V20.14.28-1
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