BERLIN (Reuters) - The German Economy Ministry has no business in planning a strategy for semiconductor chipmaking machinery company Aixtron (AIXGn.DE) after a deal with a Chinese firm collapsed, a spokesman said on Friday.
“In general it is the duty of the company to decide on its strategy and the appropriate future direction. It is not a matter of the Federal Economy Ministry,” Andreas Audretsch said during a regular government news conference.
Aixtron is considering reducing the size of the business with a partial sale, its chief executive said in an interview, opening the door for bidders after a takeover deal with a Chinese firm fell apart.
Reporting by Joseph Nasr and Paul Carrel; Editing by Victoria Bryan