cypress, infineon news

by Customers of leading global technology solutions provider Avnet will now have access to the full portfolio of Cypress Semiconductor solutions as part of the Infineon product line. Infineon’s shares were tumbling. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. News German chipmaker Infineon to buy US rival Cypress for €9 billion. Cypress Semiconductor stock was soaring on Monday on news that Infineon Technologies is purchasing the chip maker in a $9.4 billion deal. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural growth drivers and on a … Cypress Semiconductor stock rose close to 24% to $22.07 on Monday, nearing an eight-year high after it received a buyout offer from Germany-based chipmaker Infineon Technologies AG … The article you are trying to open requires News … The Deal. ON's current CEO Hassane El-Khoury, who joined the company on December 7, 2020, was also a former Cypress Semiconductor executive serving as President and CEO until its sale to Infineon … About-turn in the question of acquisition of Cypress Semiconductor by Infineon: On March 9, 2020, the Committee on Foreign Investment in the United States ("CFIUS") completed its review of the proposed acquisition of Cypress Semiconductor Corporation by Infineon Technologies AG. The acquisition enables Infineon to offer the industry's most comprehensive portfolio for connecting the real and digital worlds. Announced in June 2019, the transaction was delayed because of a now finished review by the Committee on Foreign Investment in the United States (CFIUS). Reports that the Committee on Foreign Investment in the United States (CFIUS) may yet recommend the Infineon Technologies acquisition of Cypress Semiconductor be blocked on the grounds of national security risks have triggered falls in the shares of both companies. With the deal wrapped up, Infineon has increased its market in the automotive semiconductor segment by 17 percent. In early June 2019, Infineon and Cypress signed an agreement under which Infineon will acquire Cypress. The Cypress Semiconductor news was originally … Infineon closes in on Cypress With an offer to take over US competitor Cypress for around nine billion euros ($10.1 billion), German chipmaker Infineon aimed Monday to grab the number-eight spot in the industry and expand into the "Internet of Things". "The acquisition of Cypress is a landmark step in Infineon's strategic development," said Infineon CEO Reinhard Ploss. On 3 June 2019, Infineon and Cypress announced that the companies had signed a definitive agreement under which Infineon would acquire Cypress for US$23.85 per share in … Infineon CEO Reinhard Ploss spoke of solid demand without major growth impulses. Infineon, a wallflower in a bout of consolidation in the semiconductor industry in recent years, said in a statement it agreed to pay $23.85 per share in cash for Cypress. Munich, Germany, and San Jose, California – 3 and 2 June 2019 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Cypress Semiconductor Corporation (NASDAQ: CY) today announced that the companies have signed a definitive agreement under which Infineon will acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. “Together, we offer our customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of the most important global trends. Infineon Technologies revealed it completed its €9 billion ($9.78 billion) acquisition of Cypress Semiconductor last week. Only recently, the news service Bloomberg reported that CFIUS had reservations about this takeover. After speaking with Cypress Semiconductor (NASDAQ:CY) management, Mizuho analyst Vijay Rakesh says the CFIUS headlines appear to be a surprise to the company. Infineon Technologies said on Tuesday that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal. The dividend will not be paid if the closing of the acquisition of Cypress by Infineon Technologies AG (“Infineon”) under the previously announced Agreement and Plan of … U.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AG's proposed $10 billion deal to buy Cypress … Infineon is paying $23.85 per share compared to the $17.82 closing price on Friday giving Cypress an enterprise value of €9 billion compared to its market cap of $6.5 billion last week. Cypress Semiconductor and Infineon Technologies have been working on this deal for some time now. Early Monday morning, Infineon and Cypress announced a buyout agreement that will see Infineon acquire Cypress for $23.85/share in cash, or a total enterprise value of around $10 billion. The back story. But is this just market rumor? "The planned acquisition of Cypress is a landmark step in Infineon's strategic development," Infineon Chief Executive Reinhard Ploss said in a news release. "The structural drivers in our future markets are intact and the long-term growth prospects remain good," said Ploss. Infineon, Germany's largest chip manufacturer, is on the verge of making its biggest-ever acquisition. Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation.The San Jose-based company has become part of Infineon effective as of the closing.

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