State controls are hindering tech M&A, says Infineon CMO

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Reuters UK

BERLIN (Reuters) – Increasingly stringent state rules around the world have made takeovers in the high-tech sector more difficult, said German microchip maker Infineon’s chief marketing officer. “It lengthens the time until a green light is given and involves considerable uncertainty,” Helmut Gassel said on Thursday. Governments reserved the right to audit even the smallest takeovers, he said, adding the M&A environment in the high-tech and semiconductor sectors overall has become far more difficult. Gassel’s comment comes after a takeover offer for German chip supplier Siltronic by Taiwan’s G…

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