Infineon CEO: preparing to spend billions of euros on acquisitions

Infineon CEO Jochen Hanebeck said on Wednesday local time that Infineon is preparing to spend billions of euros on acquisitions.

According to Reuters, Infineon has been looking for a suitable acquisition target. Underfunded startups will want to join a company, Hanebeck noted.

Hanebeck revealed in mid-December, "From the current situation, my goal is small and medium-sized acquisitions, which are likely to reach a scale of billions of euros." Infineon Chief Financial Officer CFO Sven Schneider believes that the company's current A variety of bonds can provide further funding for acquisitions.

However, the market believes that despite the group's high reputation among investors, the current market situation is casting a shadow over the environment for transactions and (acquisition) financing. Rising debt costs have made banks more cautious than ever about the risks of M&A deals in this volatile environment.

It is reported that Infineon's last major acquisition was more than three years ago, when it acquired its competitor Cypress Semiconductor, with a transaction value of 9 billion euros, which became the largest merger and acquisition transaction in the company's history so far.