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OT: FRANKFURT, April 24 (Reuters) - Shares in German chipmaker Infineon (IFXGn.DE: Quote, Profile , Research) rose more than 2 percent on Tuesday on market talk that U.S. firm Seagate Technology (STX.N: Quote, Profile , Research) was interested in Infineon's Qimonda (QI.N: Quote, Profile , Research) unit, traders said.

"There are rumours in the market that Seagate is interested in Qimonda and that is pushing up Infineon's shares," a Frankfurt-based trader said.

Qimonda and Infineon declined to comment. California-based Seagate -- which makes computer hard drives -- was not immediately available.


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Qimonda, the world's third-biggest maker of memory chips, has a market value of about $5 billion.

Infineon shares were up 1.3 percent to 11.48 euros at 1352 GMT, one of the top gainers in Germany's blue-chip DAX index <.GDAXI>, which was down 0.8 percent.

Qimonda shares traded up 1 percent at $14.50 in New York.

Infineon spun off its memory chip unit and listed it separately last year. It still owns 86 percent of Qimonda.