Infineon Ready To Spend Billions On Acquisitions: CEO


Germany-based Infineon is looking for suitable companies to acquire to expand its portfolio.

Semiconductor manufacturer Infineon Technologies is ready to spend billions of dollars to acquire new companies for expansion.

In an interview with Frankfurter Allgemeine Zeitung (FAZ), the German chipmaker’s CEO, Jochen Hanebeck said that the company is constantly “on the lookout” for suitable companies. “I see it in the range of up to a few billion (euros),” he said about the magnitude of investment.

Infineon recently released its results for the fourth quarter and for the full fiscal year, both of which ended on 30 September 2022. The report showed that the segment profit jumped to $3.6 billion (3.4 billion euros) in the fiscal year.

Hanebeck added that the company could expand its portfolio in several fields, including power semiconductors, sensors, software and artificial intelligence. He listed the portfolios that Infineon was eyeing, including power semiconductors, sensors, software and artificial intelligence, but provided no information on the individual takeover candidates.

Infineon recently bought US competitors Cypress Semiconductor for $10 billion and International Rectifier for $3 billion in 2019 and 2014, respectively, to expand in next-generation automobiles and Internet technologies.

Last month the company presented the revenue outlook of $16.5 million (plus or minus $531 million) for the 2023 fiscal year, with an adjusted gross margin of around 45%. The notification also pointed out that investments of around $3.187 billion were being planned.

Neubiberg-headquartered Infineon Technologies is a global semiconductor leader in power systems and IoT. Its products and solutions are aimed at driving decarbonization and digitalization. Established in 1999, the company has around 56,200 employees worldwide.



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