Infineon announces final regulatory approval for acquisition of Cypress Semiconductor Corporation
On April 7, 2020, Infineon Technologies AG announced that all necessary regulatory approvals have been received for its acquisition of Cypress Semiconductor Corporation and Infineon expected to close the transaction within five business days.
On June 3, 2019, Infineon Technologies and Cypress Semiconductor announced that the companies have signed a definitive agreement under which Infineon will acquire Cypress for $ 23.85 per share in an all-cash transaction with total equity valued about $ 9 billion US dollars.
The acquisition of Cypress is a landmark step in Infineon’s strategic development, strengthen and accelerate Infineon’s profitable growth and put its business on a broader basis.
In addition to its already leading position in power semiconductors and security controllers, Infineon will now also become the number one supplier of chips to the automotive market.
The acquisition benefits:• Infineon will be able to offer the industry’s most comprehensive portfolio for linking the real with the digital world and shaping the digitalization.• The company’s path of profitable growth will be accelerated by evolving from a leader in components to a leader in system solutions for the automotive, industrial and Internet of Things (IoT) markets.• Innovation and focused R&D investments to accelerate technology advancements.• will enable more secure, seamless connections.• comprehensive advanced solutions for high-growth applicationssuch as electric drives, battery-powered devices, and power supplies.• The transaction will make Infineon the number eight chip manufacturer in the world.• With the addition of Cypress’s strong R&D and geographical presence in the U.S, Infineon not only strengthens its capabilities for its major customers in North America but also in other important geographical regions.Impacts on customers and distributors:• Customers can benefit from Infineon’s increased global reach and enhanced design-in support tailored to their needs.
• provide more complete hardware and software sets to strengthen customers’ products and technologies in their end markets.
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April 14, 2020, by Nader Yousef3