IFNNY - Infineon CEO says company is on the hunt for acquisitions

• Infineon Technologies ( OTCQX:IFNNY ) ( OTCQX:IFNNF ) CEO Jochen Hanebeck told a German news outlet that the Germany-based semiconductor manufacturer is on the hunt for acquisition targets, adding that the company could spend a "few billion euros" to do so.
• In an interview with Frankfurter Allgemeine Zeitung , Hanebeck said Infineon ( OTCQX:IFNNY ) ( OTCQX:IFNNF ) was looking for ways to boost its growth, adding that it was "on the lookout" for companies that fit its portfolio.
• Infineon Technologies ( OTCQX:IFNNY ) ( OTCQX:IFNNF ) generates a significant portion of its revenue from areas such as electric vehicles, the internet of things, data centers and more.
• Hanebeck did not elaborate on specific takeover targets, but added that Infineon ( OTCQX:IFNNY ) ( OTCQX:IFNNF ) could look at areas such as artificial intelligence, software, sensors and more to enhance its portfolio.
• Last month, Infineon Technologies ( OTCQX:IFNNY ) ( OTCQX:IFNNF ) reported fourth-quarter results that easily topped estimates .

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