Elmos Semiconductor jumps as founders consider sale of German firm

Elmos Semiconductor SE

20/03/2026 06:58

** Elmos Semiconductor ELGG.DE shares rise 10% in pre-market indications as the German chip manufacturer's founders consider selling the company, according to three people familiar with the matter told Reuters on Thursday

** Elmos, which has a market cap of around 2.3 billion euros  ($2.66 billion), hired Morgan Stanley to advise on the process, the people said

** German chipmaker Infineon IFXGn.DE and U.S.-based Qualcomm QCOM.O would be logical candidates for acquisition, one of the sources commented

** Elmos, Infineon and Morgan Stanley declined to comment, while Qualcomm did not immediately respond to requests for comment

** "Unexpected and clear positive for Elmos shares putting a takeover floor under the shares," a local trader says

** The stock, which has gained 32% YTD, is seen at the top of Germany's small-cap index .SDAXI

($1 = 0.8650 euros)

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))