MUNICH, Germany According to media releases here, Infineon currently is examining the possibilities for mergers with three potential partners. New in this context is that apparently there is an Asian candidate.
According to the releases that trace back to an Article in Financial Times Deutschland, the crisis-ridded semiconductor manufacturer is mulling mergers with Freescale and NXP as the usual suspects. In addition, the company also has an unnamed Asian semiconductor company on its list. Infineon was not available for comments.
The Asian candidate could be a legacy of former CEO Wolfgang Ziebart's search for a takeover candidate. Over the past years, Ziebart had indicated several times that the company is looking for a partner in Asia, primarily in the segments of industrial and automotive electronics. During his term as CEO however, such a move never materialized. Ziebart, who resigned a few weeks ago, is said to have opposed a merger with other companies including Freescale and NXP. After Ziebart, his strategy chief Erk Throsten Heyen has left the company past week.
According to the Financial Times Deutschland report, Ziebart's successor Peter Bauer hopes to be ready for a decision by late summer.