Infineon Aims for Up to EUR3 Billion in Acquisitions, Focus Money Reports

-- Infineon is aiming to conclude acquisitions for a total of up to 3 billion euros ($3.22 billion) in order to further progress its growth course, the company's chief financial officer Sven Schneider said in an interview in Focus magazine's Money section.

-- The German chip maker currently has liquidity of almost EUR3.5 billion, but it isn't on course to make big acquisitions, the executive told Focus. It will rather focus on small and medium-sized ones, in the neighborhood of EUR1 billion to EUR3 billion, Schneider said.

Link to the magazine, in German: https://shorturl.at/ajvDT

Write to Cecilia Butini at [e-mail]

(END) Dow Jones Newswires

05-31-23 0810ET