May 6, 2008 / 10:56 AM / 12 years ago

Infineon up on talk of interest from Samsung, Intel

Wolfgang Ziebart, CEO of German chipmaker Infineon, gestures during a news conference in Munich, March 31, 2006. REUTERS/Alexandra Winkler

FRANKFURT (Reuters) - Shares in Infineon (IFXGn.DE) rose more than 7 percent on Tuesday as traders cited market talk that Samsung Electronics (005930.KS) and Intel (INTC.O) could be interested in the German chipmaker.

“The rumor is that they (Samsung and Intel) would bid more than 10 euros,” one trader said.

Other traders in London and Paris also heard the rumor.

Infineon declined to comment.

A spokeswoman for Samsung Electronics had no comment on the rumor.

Infineon shares were up 3.8 percent at 6.56 euros by 1245 GMT, while Germany's DAX index .GDAXI was down 0.8 percent.

Reporting by Eva Kuehnen, Kirsti Knolle and Stefan Schaaf in Frankfurt, Amanda Cooper in London, Juliette Rouillon in Paris and So-eui Rhee in Seoul; Editing by Quentin Bryar

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