Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Infineon Technologies AG (OTC:IFNNF) (OTC:IFNNY) looks to spend several billion euros on the right takeover target as it hunted for acquisitions, CEO Jochen Hanebeck said in a newspaper interview.
- Infineon constantly looks for suitable companies in the range of up to a few billion (euros), Reuters reports citing the CEO.
- The German chipmaker sees growth in electromobility, autonomous driving, renewable energy, data centers, and the so-called internet of things, which help connect items like appliances, factory equipment, and health monitors to the internet or other communications networks.
- Also Read: Infineon Clocks 38% Revenue Growth In Q3; Forges EV Chip Supply Deal With Stellantis
- In FY22, Infineon posted revenue growth of 30% to €14.2 billion ($15.1 billion), while segment profit jumped 63% to €3.4 billion.
- Inadequately financed start-ups would probably want to join a corporation, Hanebeck said.
- Hanebeck said the company could expand its portfolio in several fields, including power semiconductors, sensors, software, and artificial intelligence.
- Price Action: IFNNY shares closed lower by 0.95% at $30.17 on Tuesday.
- Photo Via Company
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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