June 15 (Reuters) – German chipmaker Infineon (IFXGn.DE) has hired JP Morgan (JPM.N) to map out a possible divestment of its wireless chip business, Financial Times Deutschland reported.
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The U.S. investment bank is looking into a range of options, including a sale, Financial Times Deutschland reported on Tuesday, citing sources at Infineon and in the financial industry.
The paper said Infineon has already held talks with U.S.-based Intel (INTC.O).
Some analysts have said it would make sense for Intel to buy Infineon’s wireless business, but Infineon chief executive Peter Bauer told Reuters in March he saw no reason why the chipmaker should not try to further develop the business. [ID:nWEB7381]
Munich-based Infineon supplies chips for Apple’s (AAPL.O) iPad as well as components for Nokia (NOK1V.HE), Samsung (005930.KS) and Research in Motion (RIM.TO). (Reporting by Ludwig Burger; Editing by Dan Lalor)