Monday, August 2, 2010

Infineon Confirms Talks on Possible Wireless Unit Sale

Infineon Technologies AG confirmed that it is in discussions with interested parties about a transaction concerning its Wireless Solutions (WLS) business.

With an annual revenue of Euro 917 million, WLS has contributed approx. 30 percent to Infineon Technologies AG's total annual revenue of Euro 3,027 million in the past financial year. Infineon views the positive development and position of the profitable segment as the main reason for the display of a strategic interest in the segment by several companies. WLS provides baseband processors, radio-frequency transceivers, power management ICs or complete single-chip solutions as well as the corresponding system software for smartphones and other mobiles.