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Infineon eyes acquisition in Japan

Posted: 20 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Christoph Hammerschmidt? DRAM? Infineon? chip maker?

Infineon Technologies CEO Wolfgang Ziebart has reiterated plans to strengthen the company's position in the Japanese market. One option could reportedly be an acquisition, but the chip maker would first have to sell its memory business.

In the interview with Financial Times Deutschland, Ziebart said there is a backlog of orders in the Japanese market, especially in the automotive electronics sector, "We need to perform better in Japan. We are not strong enough there." He has previously expressed his desire to expand in Japan during a financial report last November.

While Infineon leads the European automotive electronics market and ranks second to Freescale Semiconductor in the United States, it trails in Japan. The company is aiming for a similar market share in Asia with a possible acquisition in Japan that could be funded by the sale of Infineon's DRAM business. The sale, initially scheduled to occur by around July 1, could come earlier, Ziebart hinted.

Countering recent reports, the CEO said there will be no delays in the spin off of its memory business, and that an IPO is remains likely to complete the transaction.

"The [Infineon DRAM] business is strong enough to stand up to the competition," Ziebart asserted in the interview. "If a financial investor would buy it, he would do so in order to realize a profit, which we prefer to realize ourselves for our shareholders."

- Christoph Hammerschmidt
EE Times

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