Infineon Technologies AG (IFXGn.DE)
* CEO says intends to actively participate in chip sector consolidation Further company coverage: (Frankfurt Newsroom)
FRANKFURT Chipmaker Infineon warned it its operating profit margin would be below expectations in the second quarter due to pricing pressures in Asian markets, sending its shares lower.
* Shares down 4.6 percent at bottom of the sector (Adds Q2 consensus, background, updates shares)
* COO says Q2 margin pressure due to typical seasonal pricing environment, sees recovery later in the year
FRANKFURT, Feb 2 Auto and industrial chip maker Infineon's fiscal first-quarter operating profit rose 30 percent, helped by its automotive unit, whose chips activate car airbags and enable cruise control.
TOKYO Japanese chipmaker Renesas Electronics Corp's CEO said an acquisition by Germany's Infineon Technologies was unlikely as he believed its top shareholder, a government-backed fund, would not sell a majority stake to a foreign buyer.
* State fund unlikely to sell majority stake to foreign buyer -CEO
TOKYO, Dec 21 The head of Japanese chipmaker Renesas Electronics Corp said its top shareholder, a government-backed fund, was unlikely to sell a majority stake to a foreign buyer amid speculation of interest from German peer Infineon Technologies AG.
MILAN/LONDON, Nov 26 European shares rose on Thursday, helped by growing expectations of aggressive European Central Bank action next week. A solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support.
* CEO says aims to be active player in semi M&A consolidation
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