Probably not. But still. It’s starting to roll around a little in its sleep.
German economy ministry favours blocking Chinese takeover of Elmos’ chip production – Germany’s economy ministry has recommended to the cabinet that the government block the Chinese takeover of Elmos’ (ELGG.DE) chip factory, saying it would pose a threat to national security, ministry sources said on Tuesday.
These are not real Germans.
Don’t be fooled by the authentic German attire and flags. These are actually US-Amerikaner with German Wurzeln. Only now they call them roots.
America’s German roots are rich and strong. From California to New York, 48m people claim German ancestry, which would make them the country’s biggest diaspora. But when it comes to owning businesses in America, Germany has punched below its weight, with only 8% of the stock of foreign direct investment (FDI) there. It ranks 7th, behind France, Britain and Japan, among others. British and Japanese firms are especially prone to megalomaniac episodes in which they seek, and fail, to conquer America. German firms have been more cool-headed.
This year, however, things have changed. German giants such as Siemens, SAP, Bayer and Infineon have been on a spree, so far spending more than $65 billion on American firms. Of all the American companies receiving foreign bids this year, a fifth were from German buyers, measured by value. And of all the cross-border takeovers worldwide led by German firms, 60% were for American firms.
Because they can. Take cash-stuffed German mega-companies, for instance.
They’re buying everything they can find in US-Amerika these days that hasn’t been tied down.
In recent days, two multibillion-dollar deals were announced. On Sunday, the German engineering conglomerate Siemens announced a $7.6 billion acquisition of the Dresser-Rand Group, the United States oil products company. And on Monday morning, Merck of Germany, the chemical and drug giant, said it would pay $17 billion for Sigma-Aldrich, an American life sciences company.
PS: Remember when Japan was going to take over the United States? No, I guess you wouldn’t remember that. Never mind.
Observing Hermann 