By Kate Hanaghan, 16 January 2002 16:05
NEWS German chip maker Infineon is looking to buy up companies who make chips for digital communications networks. The move fits with Infineon's strategy, announced upon flotation in 2000 and falling valuations within the sector have made takeover bids a very attractive option. The company is in talks with several companies, according to a report on AFX. Infineon has also announced it will be expanding its research and development team in Singapore. It will be investing $50m over the coming five years and will double the number of research staff to 300.
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