Dec. 29, 2022 /SemiMedia/ -- According to Reuters, Infineon is preparing to spend billions of euros on acquisitions, Chief Executive Jochen Hanebeck said on Wednesday.

The report pointed out that Infineon has been looking for a suitable acquisition target.

"From the current situation, my target is small and medium-sized acquisitions, which are likely to reach the scale of billions of euros." Hanebeck said in mid-December.

Infineon Chief Financial Officer Sven Schneider believes that the company's current various bonds can provide further funds for acquisitions.

Infineon's last major acquisition was the acquisition of Cypress Semiconductor in 2019, with a transaction value of 9 billion euros, the largest merger and acquisition transaction in the company's history so far.