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. Last Updated: 07/27/2016

Infineon: No Sistema Talks

Infineon Technologies is not in talks with Sistema about purchasing a stake in the German semiconductor supplier, Infineon CEO Peter Bauer said, Sueddeutsche Zeitung reported Friday.

Infineon regards Asia, not Russia, as the market with the most growth potential, the newspaper said. Bauer brushed off Sistema’s interest even as President Dmitry Medvedev discussed a possible partnership in recent talks with German Chancellor Angela Merkel, the newspaper reported. 

(Bloomberg)