Infineon CFO: looking for acquisitions of up to 3 billion euros

FILE PHOTO: A general view of Infineon Technologies, a semiconductor producer, before a ceremony for Infineon's Smart Power Fab, in Dresden, Germany, May 2, 2023. REUTERS/Matthias Rietschel

BERLIN (Reuters) - Infineon is looking for small- and medium-sized acquisitions worth up to 3 billion euros ($3.30 billion) that would fit well with the German chipmaker's portfolio, Chief Financial Officer Sven Schneider told Germany's Focus Money magazine.

"We are now aiming for smaller and medium-sized acquisitions in order to strengthen ourselves selectively in those areas where we can become even better," said Schneider.