Samsung denies market talk of interest in Infineon
SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz) said on Wednesday the company was not interested in German chip maker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research, Stock Buzz), denying speculation that spread in European markets overnight.
Rumors that Samsung and Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) could be interested in Infineon boosted Infineon's shares on Tuesday. Infineon's memory chip unit Qimonda (QI.N: Quote, Profile, Research, Stock Buzz) makes losses.
"We are not interested," said James Chung, a Samsung spokesman. "The Rumors are groundless."
Samsung is the world No.1 memory chip maker.
(Reporting by Rhee So-eui; Editing by Keiron Henderson)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.
Have a correction to this article? Email the editors
Sphere
Piracy fight
Obama skips wounded troop visit