Infineon Technologies AG logo

IFX - Infineon Technologies AG News Story

€31.41 0.1  0.2%

Last Trade - 18/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.07bn
Enterprise Value £38.27bn
Revenue £8.59bn
Position in Universe 37th / 1054

BREAKINGVIEWS-European chips champion is puzzle for M&A bankers

Wed 21st April, 2021 9:35am
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Liam Proud LONDON, April 21 (Reuters Breakingviews) - The region’s leaders fret about their collective semiconductor shortcomings. An $85 bln union of Infineon and STMicroelectronics would bring heft, plus cost savings to mollify investors. The hard part is getting France and Italy to agree a structure that preserves their pride. Full view will be published shortly. Follow @liamwardproud https://twitter.com/liamwardproud on Twitter CONTEXT NEWS - The European Commission on March 9 set a target of increasing the bloc’s share of global high-end semiconductor production to 20% by 2030. - Europe and the Middle East together account for 7% of the world’s production capacity for integrated-circuit chips, according to industry trade body SEMI. - Infineon Technologies in 2017 held talks about buying STMicroelectronics, Bloomberg reported in 2018, citing people familiar with the matter. The German group hired BNP Paribas and studied the purchase for about three months, the report said. The French government, which is a leading STMicroelectronics shareholder, opposed the deal. - Shares in ASML rose 4.4% on April 21 after the Dutch semiconductor equipment supplier said that it expected 2021 sales to increase 30% from the previous year, compared to a previous forecast of “at least” 10% growth. - For previous columns by the author, Reuters customers can click on PROUD/ <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ European Commission targets https://eur-lex.europa.eu/resource.html?uri=cellar:12e835e2-81af-11eb-9ac9-01aa75ed71a1.0001.02/DOC_1&format=PDF Bloomberg article https://www.bloomberg.com/news/articles/2018-08-01/infineon-is-said-to-have-approached-stmicro-for-takeover-in-2017 BREAKINGVIEWS-Europe’s chip M&A invaders merit partial knockback urn:newsml:reuters.com:*:nL8N2KF62W BREAKINGVIEWS-EU chip factory fantasy puts cart before horse urn:newsml:reuters.com:*:nL8N2KV8P9 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe | Editing by Rob Cox and Oliver Taslic) ((liam.proud@thomsonreuters.com; Reuters Messaging: liam.ward-proud.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.