As German electronics giant Siemens refocuses its business, it is selling its remaining stake in components-maker Epcos, following the sale of its share in Infineon Technologies last week.Siemens unloaded its 12.5 percent stake in Epcos on Monday by selling the 8.1 million shares it owns, said Siemens spokesman Wolfram Trost.Trost estimated the value of the shares at around €90 million (US$108 million). Epcos in Munich was spun out of Siemens Matsushita Components, a joint venture founded more than 15 years ago by Siemens and Matsushita Electric Industrial. After Epcos went public in 1999, Siemens and Matsushita remained shareholders, each with a 12.5 percent stake in the components manufacturer. The Epcos divestment follows Siemens’ decision last week to sell its 18 percent stake in Infineon, worth around €1.1 billion. In 1999, Siemens spun off its semiconductor business into Infineon and took the Munich company public in 2000, at the height of the Internet bubble.Both Epcos and Infineon have struggled to post consistent profits since being spun off into independent companies. “We said six years ago that we would eventually sell our stakes in Epcos and Infineon,” Trost said. Following these divestments, Siemens now has no significant stakes in any chip manufacturing companies, he said. The German conglomerate has been exiting high-tech businesses to concentrate on areas that it views as less volatile and more profitable, such as transportation and health care. Last year, Siemens paid Taiwan’s BenQ to take over its ailing mobile phone business, and earlier this year, it sold the Product Related Services Division of its IT services subsidiary, Siemens Business Services, to Fujitsu Siemens Computers BV.In 2004, Siemens sold 13 million shares in Juniper Networks, lowering its stake in the company to below 5 percent.-John Blau, IDG News Service Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Expedia poised to take flight with generative AI CTO Rathi Murthy sees the online travel service’s vast troves of data and AI expertise fueling a two-pronged transformation strategy aimed at growing the company by bringing more of the travel industry online. By Paula Rooney Jun 02, 2023 7 mins Travel and Hospitality Industry Digital Transformation Artificial Intelligence case study Deoleo doubles down on sustainability through digital transformation The Spanish multinational olive oil processing company is immersed in a digital transformation journey to achieve operational efficiency and contribute to the company's sustainability strategy. By Nuria Cordon Jun 02, 2023 6 mins CIO Supply Chain Digital Transformation brandpost Resilient data backup and recovery is critical to enterprise success As global data volumes rise, business must prioritize their resiliency strategies. By Neal Weinberg Jun 01, 2023 4 mins Security brandpost Democratizing HPC with multicloud to accelerate engineering innovations Cloud for HPC is facilitating broader access to high performance computing and accelerating innovations and opportunities for all types of organizations. By Tanya O'Hara Jun 01, 2023 6 mins Multi Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe