Deals
Infineon Said to Be Front-Runner to Land Fairchild Semiconductor
- German chipmaker already has started lining up financing
- ON Semiconductor is still interested but seen as less likely
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Infineon Technologies AG, Germany’s largest chipmaker, is the front-runner to acquire Fairchild Semiconductor International Inc. because it’s willing to pay more for the company, people with knowledge of the matter said.
Infineon has begun lining up financing for a deal, said three of the people, who asked not to be identified because the discussions are private. ON Semiconductor Corp. is still interested but isn’t as likely to offer as much as Infineon, the people said. Talks are continuing and there’s no guarantee a deal will be completed, the people said.