Infineon has not been approached by potential bidders from China (translated)
Infineon [IFX:GR], a German semiconductor group, has not been contacted by potential bidders from China, Euro am Sonntag reported. The German-language magazine quoted Reinhard Ploss, the chief executive of Infineon. Ploss was asked about a potential Chinese bid in connection with other German technology experts being approached by the Chinese firms.
Without naming sources, the article suggested that Ploss probably no longer has to worry about takeover bids from China after Infineon recently acquiring California-based rival International Rectifier [IR]. The deal supposedly makes Infineon a security-relevant business for the US government, which means that a sale to a Chinese company is more or less taboo.
On a different note, Ploss explained in the report that he believes that Infineon’s capital-intensive production process are likely to fend off potential bidders from the US. He said that Infineon is not a “bargain” and that any bidder would have to prove that they can do a better job than Infineon.
Infineon has a market cap of EUR 18.15bn.
The original article was published in this week’s print edition of Euro am Sonntag on page 34 (“Invest Aktien” section).