Intel to plunge $250 million into Infineon

German financial news service Handelsblatt is reporting that chip giant Intel will take a one per cent share in Infineon, a Siemens subsidiary, when the company floats on the Frankfurt Dax market. The shares are set to float on the 13th of March next, and the investment is not the first Intel has made in a semiconductor memory company. It also has stakes in Korean firm Samsung and US company Micron. Over the last year, Intel's Capital division has taken an aggressive stance towards using its liquidity to invest both in large and small companies. As we reported yesterday, since Siemens span Infineon off as a separate unit, the company has turned in a profit. After flotation, Siemens will have over 70 per cent of the shares but its eventual aim is to divest most of those. ® See also Infineon IPO to raise $5.9 billion