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June 03 - 12:06
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Infineon to buy microchip maker Cypress Semiconductors for $10 billion
Infineon has agreed a deal to buy US microchip maker Cypress Semiconductors for just over $10 billion. The deal values Cypress at around $8.7 billion, excluding debt, with the $23.85 a share offer representing 34% premium to Cypress’s Friday closing value. Infineon said the combined portfolios will open up great potential in high-growth markets such as automotive, industrial and IoT
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