Infineon Pursuing US Acquistion
Infineon is expected to announce a $2 billion takeover of a US chip company later today, reports Bloomberg.
US companies which have products complementing Infineon’s strength in power management and which have p appropriate market caps are Power Integrations – market cap $1.68 billion, Fairchild – market cap $1.89 billion, and Semtech -market cap $1.6 billion.
Infineon has $2.8 billion in cash
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