The Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture between German companies Infineon AG and Siemens AG for bipolar high power semiconductors, with production in Warstein (Germany) and Cegléd (Hungary). The Commission concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Infineon is active in the manufacture of electronic semiconductor devices, chip cards, security appliances, electronics, communication and data processing.
Siemens is active in various sectors, including energy, automation, control systems, transport, communication technologies and the construction of electricity transmission and distribution systems.
The joint venture will be active in the manufacture of bipolar high power semiconductors which are used for different applications including electricity transmission and distribution systems. Infineon will transfer its activities in the field of bipolar high power semiconductors to the joint venture. Siemens is not currently active in this field but uses the products for its electricity transmission and distribution systems (so called T&D Turnkey projects including HVDC and FACTS) as well as for frequency inverters.
The Commission's examination of the proposed transaction focused on the potential for the joint venture to close off supplies of bipolar high and highest power semiconductors as well as to restrict customers' access to these products, due to Siemens becoming partly vertically integrated.
The Commission's investigation led to the conclusion that the proposed concentration would not have such results, as a sufficient number of competitors would continue to be active on the relevant markets. [29 November 2007]