Deals
Infineon Is Said to Have Approached STMicro for Takeover
- German chipmaker studied a possible transaction last year
- The French government opposed a combination with Infineon
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Infineon Technologies AG held early-stage talks about buying STMicroelectronics NV last year, according to people familiar with the matter, a move that would have created a European semiconductor powerhouse.
Infineon hired BNP Paribas SA as an adviser and studied the purchase for about three months, approaching STMicro before dropping the idea last August, said the people, who asked not to be identified because the deliberations were never made public. There are no current talks, the people said. A combination would have created a group with sales of 15 billion euros ($17.5 billion).