Infineon Technologies AG has confirmed it is in discussions with interested parties about a transaction concerning its wireless solutions segment (WLS) and that significant progress has been made within these discussions.
The objective of a potential transaction is the strategic development of the WLS and it 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 has an annual revenue of €917 million (about $1207 million) and has contributed around 30 percent of Infineon’s total annual revenue of €3027 million (about $3990 million) in the past financial year.
WLS provides baseband processors, radio-frequency transceivers, power management ICs or complete single-chip solutions as well as the corresponding system software.
Last week the company announced a boost in profits, raised its guidance for the fourth fiscal quarter and its financial year as well as increasing capex.