FRANKFURT, May 14 (Reuters) – The chairman of German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) has talked with private equity group KKR's Europe chief about a merger between Infineon and KKR-owned chipmaker NXP, a newspaper reported on Wednesday.
The Financial Times Deutschland (FTD) daily said such an entity would have annual sales of over 10 billion euros ($15.5 billion) and 67,000 staff, excluding Infineon's majority-owned memory chipmaker Qimonda (QI.N: Quote, Profile, Research).
An Infineon spokesman declined to comment.
The talks between Infineon Chairman Max Dietrich Kley and Johannes Huth, head of Europe for Kohlberg Kravis Roberts (KKR), are part of a power struggle between Kley and Infineon's Chief Executive Wolfgang Ziebart, who opposes a merger with NXP, the FTD said.
Ziebart has long been in favour of disposing of the loss-making Qimonda, while Kley has wanted to move cautiously in that respect, the newspaper said. (Reporting by Peter Starck, editing by Will Waterman)