Intel Close to Acquiring Infineon
![Intel Close to Acquiring Infineon [Intel is Reportedly Close to Acquiring German Chipmaker Infineon]](http://tftscdn4.nexus404.com/Blog/thumbnailimages/alt/InfineonLogoTFTSThumb220153.png)
After rumors back in May pointed to a possible acquisition of German chipmaker Infineon by Intel, it looks like new indicators have pointed to a brighter light on the subject. The move is seen as a strategic way of Intel to conquer the mobile market and after Infineon’s shares suddenly showed a significant jump in the Frankfurt stock exchange, the potential acquisition seems imminent.
Infineon’s shares jumped from 0.13 EUR to 5.14 EUR amidst speculations that Intel was on the verge of acquiring the German-based chipmaker. In fact rumors have it that Infineon has commissioned JP Morgan Chase to act as their chief advisor to get the best possible deal from the popular US chipmaker.
To give you a short background, Infineon’s mobile solutions produced around 917 million EUR revenues in sales in 12 months up to September 2009. And for the first six months of 2010, the company was able to see a rise in sales to about 34% to about 537 EUR.
The potential acquisition seems to be taking a positive plight as Intel continues to study potential acquisitions to strengthen their venture. The latest move by Intel included its reported acquisition of Israeli mobile chip firm Comsys. Could Infineon be next?
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The TFTS Team
