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INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies Acquires Syntronixs Asia

11/29/2021 | 04:30am EST

By Mauro Orru

Infineon Technologies AG has acquired Syntronixs Asia Sdn. Bhd., an electroplating company based in Melaka, Malaysia.

The German chip maker said Monday that it has taken over the company through its subsidiary Infineon Technologies (Malaysia) Sdn. Bhd.

The companies didn't disclose financial terms for the deal, which is set to bolster Infineon's manufacturing footprint.

Syntronixs Asia specializes in precision electroplating, a key process in the assembly process of semiconductors. It has been a major service provider for Infineon since 2009 and has a workforce of more than 500 people.

"Through this acquisition, we have made another important step to strengthen the resilience of our supply chain," Thomas Kaufmann, executive vice president and chief operating officer of Infineon's automotive division, said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

11-29-21 0430ET

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Analyst Recommendations on INFINEON TECHNOLOGIES AG
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Financials
Sales 2022 12 863 M 14 338 M 14 338 M
Net income 2022 1 693 M 1 887 M 1 887 M
Net Debt 2022 2 553 M 2 846 M 2 846 M
P/E ratio 2022 26,7x
Yield 2022 0,90%
Capitalization 45 548 M 50 841 M 50 773 M
EV / Sales 2022 3,74x
EV / Sales 2023 3,34x
Nbr of Employees 50 288
Free-Float 99,7%
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Mean consensus BUY
Number of Analysts 25
Last Close Price 35,00 €
Average target price 48,19 €
Spread / Average Target 37,7%
EPS Revisions
Managers and Directors
Reinhard Ploss Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Manfred Puffer Member-Supervisory Board
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