Wolfgang Ziebart has resigned as CEO and president of Infineon Technologies AG, with effect from June 1. Peter Bauer has assumed the position of spokesman of the management board.
The rumors continue to fly at Infineon AG. Amid the departure of its top executive, Infineon is looking to sell a 40-to-50 percent stake in the company to KKR. KKR, in turn, would merge Infineon and NXP Semiconductors, according to
J.R. Simplot, the billionaire founder of the Boise, Idaho-based agriculture business that bears his name and who helped make French fries a staple of the American diet and waistline, died at the age of 99, officials said.
LG Electronics, the world's No.4 handset maker, is closely watching rival Nokia amid talk the top-ranked mobile phone maker may cut its prices and re-enterthe South Korean market later this year.
Chipmaker Intel Corp. is planning to build a private power station based on natural gas at its site Kiryat Gat, Israel, home to its Fab 28, at an estimated cost of between $100 million and $150 million, according to reports
South Africa's MTN Group has started talks with Indian mobile operator Reliance Communications that could create a $66 billion emerging markets telecoms group.
Renesas Technology Corp., a leading supplier of silicon to Japanese handset makers, is interested in offering the FOMA platform as a handset reference design to companies outside Japan.
