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Infineon mulls options for wireless business -paper

FRANKFURT, 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.

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)

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