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Electronics Production | May 14, 2008

Will Infineon merge with NXP?

The chairman of German chipmaker Infineon has talked with private equity group KKR about a merger between Infineon and NXP.

The Financial Times Deutschland (FTD) reported that talks between Infineon Chairman Max Dietrich Kley and Johannes Huth, head of KKR Europe, were part of a power struggle between Mr. Kley and Wolfgang Ziebart, Infineon's Chief Executive. Mr. Ziebart opposes a merger with NXP, reports the FTD. He has long been in favour of disposing of the loss-making Qimonda. No comments were available from Infineon. Such an entity would have annual sales of over €10 billion and employ around 67,000 staff (exc. memory chipmaker Qimonda).
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August 06 2019 8:55 pm V14.1.1-2