February 3, 2011 / 8:05 AM / 7 years ago

Infineon CEO says sees no risk of hostile takeover

HAMBURG (Reuters) - Infineon (IFXGn.DE) does not see itself at risk of a hostile takeover, its chief executive said, adding that the German chipmaker would take over other companies rather than falling prey to a peer. “We are more of a shark and the others are the goldfish,” he told reporters in Hamburg late on Wednesday.

Infineon earlier this week had raised its outlook for 2011 due to demand in the automotive and industrial electronics sectors.

Reporting by Jan Schwartz; Writing by Christoph Steitz

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