UPDATE 3-Infineon says IR integration ahead of plan, eyes fresh M&A

jueves 26 de noviembre de 2015 08:12 GYT
 

* CEO says aims to be active player in semi M&A consolidation

* Sees 2015/16 revenue at 6.43-6.66 bln euros

* Q4 operating profit beats most optimistic expectation

* Shares jump as much as 13.5 pct to top sector index (Adds CEO comments on playing more active role in M&A)

By Harro Ten Wolde and Eric Auchard

FRANKFURT, Nov 26 (Reuters) - German chipmaker Infineon's integration of its $3 billion acquisition of International Rectifier is running ahead of schedule, the company said on Thursday, helping it to report better than expected profits and leaving it free to consider its next move in a rapidly consolidating industry.

Strong fourth-quarter results and comments by executives about its appetite for further merger deals lifted Infineon's shares by nearly 15 percent to a 13-year high of 13.39 euros.

Infineon - whose electronic chips activate car airbags, enable cruise control, manage power supplies and cut vehicle emissions - also predicted a further rise in revenue this year to the top end of analysts' forecasts.

A wave of consolidation is reshaping its industry, as rival NXP is expected soon to close a deal to buy Freescale while ON Semiconductor has agreed to buy Fairchild, which Infineon had been rumoured to want.   Continuación...