Sunday, September 24, 2023

Infineon, A German Chipmaker, To Spend “Billions” On Acquisitions in 2023

By ET Bureau - December 30, 2022 1 Mins Read


Infineon Technologies AG, a German chipmaker, has set aside “several billion euros” to invest in acquisitions in the upcoming year in order to accelerate its growth. Infineon Chief Executive Jochen Hanebeck stated that the company is constantly looking out for suitable startups to acquire.

The plans of Infineon stand in stark contrast to those of many of its competitors in the semiconductor sector, who are looking to reduce capital expenditures at a time when chip demand is waning. During the COVID-19 pandemic, when demand for chips used in everything from smartphones to personal computers and cars surged, the semiconductor industry experienced tremendous growth.

Also Read: Finding the Right Balance Between Technology and People is Crucial to Successful Scaling

The stalled global economy has however caused a decline in the appetite for chips.

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ET Bureau

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