Jun 2, 2023 /SemiMedia/ -- Infineon Chief Financial Officer Sven Schneider said in an interview with Focus Money magazine that the company is looking for small and mid-sized acquisitions worth $3.3 billion.
"Our aim now is to make small and medium-sized acquisitions in order to selectively strengthen ourselves in areas where we can do better," said Sven Schneider.
“We have almost 350 million euros in liquidity. We want to maintain liquidity of at least 1 billion plus 10 percent. That’s about 2.6 billion euros at the moment,” he said.
Sven Schneider said acquisitions could be between 1 and 3 billion euros, but would only be made if they fit the company's portfolio strategically, financially and culturally.