Infineon ready to spend ‘billions’ on acquisitions, says CEO
Chip company Infineon Technologies AG (Munich, Germany) is ready to spend up to a few billion euros on acquisitions, according to an interview with recently appointed CEO Jochen Hanebeck.
In an interview with Frankfurter Allemeine Zeitung Hanebeck said that Infineon has a good position in power semiconductors but could look to boost its position in sensors, microcontrollers, connectivity and software and AI.
Hanebeck also said that chips would become more expensive as a natural consequence of the change in the nature of globalization. With more regions seeking to build greater degrees of independence in semiconductors there will be inherently less economic efficiency, he said. Infineon is itself looking to build a €5 billion wafer fab in Dresden with subsidy support from the European Chips Act and the IPCEI fund (Important Project of Common European Interest) (see Infineon plans for €5 billion wafer fab in Dresden).
Hanebeck said that chip company valuations had been overheated for some time but appeared to have “normalized” recently and meanwhile some startups might be starved of investment and wish to join a corporation. Hanebeck said Infineon’s acquisition pot contained a few billion euros.
“I see it in the range of up to a few billion, but every addition has to fit us culturally as well as strategically and make financial sense,” Hanebeck was quoted saying.
Hanebeck said Infineon was constantly looking out for potential acquisitions but declined to comment on individual candidates.
Related links and articles:
Frankfurter Allemeine Zeitung article
News articles:
Infineon plans for €5 billion wafer fab in Dresden
Infineon, X-Fab join Fraunhofer DNA memory project
German government flip-flops on Elmos fab sale – ban now likely
Globalfoundries moves towards next Dresden wafer fab
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
