News & Analysis
Infineon not a target for Samsung says report
Colin Holland
11/25/2009 4:58 AM EST
LONDON — 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.
Shares in Infineon had risen with traders pointing to speculation that Samsung may make a bid for the company. Infineon declined to comment on the speculation.
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