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Samsung denies its planning to acquire Infineon

Posted on Wednesday, November 25 2009 @ 19:23:54 CET by

Samsung announced speculation that it may acquire German chipmaker Infineon is unfounded. Infineon's shares were up on takeover rumors, but Samsung said they've never studied the possibility.
Samsung Electronics said market speculation that it may bid for German chipmaker Infineon was untrue according to a report from Reuters in Seoul.

"Such talk is untrue. We have never studied the possibility," Reuters quoted Samsung spokesman James Chung as saying.



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