Heavy! Infineon plans to acquire STMicroelectronics
时间:2018-12-18
According to foreign media reports, Infineon plans to acquire STMicroelectronics. This decision will or will make Infineon a European semiconductor giant.
It is reported that Infineon hired BNP Paribas as a consultant and spent three months studying the acquisition. It is unclear how much STMicroelectronics accepted the deal last year. But people familiar with the matter said that the French government is one of the largest shareholders of STMicroelectronics and is still opposed to the merger of Infineon.
The extent to which the ST party accepts the acquisition is still unknown. The French government, the largest shareholder of ST, has opposed the merger with Infineon from start to finish. Another insider revealed that the French government wants ST to focus more on improving its business scale than on acquiring a capitalization expansion through acquisitions.
Political factors have always been an important consideration for the success of an acquisition. The French government and the Italian government split the ST 27.5% stake in ST through the holding company. If the merger can bring bigger and stronger mainland champions to the semiconductor industry, politicians welcome this, but if this will lead to large-scale unemployment in France and Italy, they will oppose the merger.
But to make matters even more complicated, the German-based Infineon has a market value of about 25.2 billion euros, much higher than ST's 16.9 billion euros. This means that the two companies will have difficulty seeing the merger as a reciprocal merger; rather, the merger will be the acquisition of ST by Infineon.
In fact, the current political and regulatory aspects are becoming more stringent, and large-scale M&A transactions have failed frequently. For example, the US semiconductor manufacturer Broadcom attempted to reshape the industry by acquiring Qualcomm, which was blocked by the US government as a hostile takeover.
After China’s regulators failed to release, Qualcomm also cancelled its $44 billion offer for NXP last week. If the deal goes on, it will be the biggest deal in the chip industry. Although Qualcomm hinted at the biggest obstacle to the trade dispute between China and the United States, China’s politics
The government said that the potential acquirer did not solve its competition problem.
Infineon Technologies was formally established in Munich, Germany on April 1, 1999 and is one of the world's leading semiconductor companies. Its predecessor was the semiconductor division of the Siemens Group, which was independent in 1999 and went on sale in 2000. Its Chinese name is Yiheng Technology, and its name was changed after 2002.
Infineon Technologies.
The STMicroelectronics Group was formed in June 1988 and was formed by the merger of SGS Microelectronics of Italy and Thomson Semiconductor of France. In May 1998, SGS-THOMSONMicroelectronics changed the company name to STMicroelectronics. meaning
France Semiconductor is one of the world's largest semiconductor companies, with revenues of $9.85 billion in 2006 and $4.69 billion in the first half of 2007.