Philips Considering M&A Options for Semiconductor Unit

Amsterdam -- Royal Philips Electronics, a consumer-electronics firm
based in the Netherlands, announced that it is seriously considering a
number of merger and acquisition options for its semiconductor
division, the third-largest computer-chip maker in Europe. The
company said it has already begun the process of legally separating the
troubled unit. "There are various merger and acquisition options that
we can and will explore," said Philips Semiconductors CEO Frans van
Houten. While industry experts see STMicroelectronics and Infineon as
possible candidates for a merger with Philips Semiconductors, the
company declined to comment on whether it is currently in talks.
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