According to Reuters, German chipmaker Infineon CEO Jochen Hanebeck said in an interview that the company is prepared to spend billions of euros to find suitable acquisition targets.
Hanebeck noted that Infineon had been “looking” for suitable companies, saying he believed “the figure could run into the billions of euros”. According to reports, Infineon has seen growth in the fields of electric vehicles, autonomous driving, renewable energy, data centers and the Internet of Things.
In the fiscal year ending September 2022, Infineon’s revenue increased by nearly 30% to 14.2 billion euros (approximately 105.222 billion yuan), and departmental profits increased by 63% to 3.4 billion euros (approximately 25.194 billion yuan).
Plus, Hanebeck says it’s conceivable that an underfunded startup would want to join a company. But the chief executive would not comment on individual acquisition candidates.
