While Siemens AG has been slow to follow its partner Philips NV’s example and buying competitors in the US – Philips owns Signetics – don’t look for that to continue. Speaking in Munich this week, Jurgen Knorr, head of the Siemens components division confirmed that the Munchener envisaged acquisition of competing chip manufacturers in order […]
While Siemens AG has been slow to follow its partner Philips NV’s example and buying competitors in the US – Philips owns Signetics – don’t look for that to continue. Speaking in Munich this week, Jurgen Knorr, head of the Siemens components division confirmed that the Munchener envisaged acquisition of competing chip manufacturers in order to strengthen its position on the US and Japanese markets. Since there’s not much point in it thinking small, and given that it’s bes’ friends with Intel Corp, currently at loggerheads with its Sunnyvale second source, Advanced Micro Devices Inc, where Siemens already has a 10.5% shareholding, a move to buy the Sunnyvale firm and attempt to smooth out its bitter differences with Intel looks like a good move. AMD shares moved up against the market on hopes of a Siemens bid.
