Wednesday, March 15, 2006
A sale of the memory business of German chipmaker Infineon Technologies AG to investors through an initial public offering of shares is becoming more likely as the chances of a sale to another semiconductor or to a financial institution diminish, according to Wolfgang Ziebart, Infineon’s CEO.
Infineon could also pull the timing of the IPO into the first half of the year. The company is eager to raise funds for moves in Japan, the report said, and an acquisition in Japan could be funded by the sale of the DRAM business. Initially scheduled for July 1, the memory business spin-off could take place earlier, the report said.
But the sale of the Infineon memory business to a financial investor, a financial consortium or to another semiconductor manufacturer was becoming increasingly less probable, according to the FT report.
“The [Infineon DRAM] business is strong enough to stand up to the competition,” the report quoted Ziebart as saying. “If a financial investor would buy it, it would do so in order to realize a profit, which we prefer to realize ourselves for our shareholders,” the report also had Ziebart saying.
By: DocMemory
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