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Infineon reports loss due to investigation costs

FRANKFURT, Germany-German chipmaker Infineon AG had a loss of $69 million, or 8 cents per share, owing to the high cost of dealing with price-fixing investigations.

The money set aside for the probe has risen to $262 million.

“In accordance with U.S. GAAP, Infineon records liabilities, including accruals for significant litigation costs related to legal claims when it is probable that a liability has been incurred and the associated amount of the assessment can be reasonably estimated,” it said.

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