German industrial giant Siemens plans to sell its electronic components and circuit boards division or merge it with a competitor owing to tough market conditions, a spokesman said on Thursday.
German industrial giant Siemens issued a surprise profit warning on Monday, saying second quarter earnings would be cut by some €900 million ($1.4 billion dollars) after a review of major projects.
Prominent European computer manufacturer Fujitsu-Siemens has announced it won't reach upcoming sales targets, which could mean problems for the joint venture.