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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VentureBeat - Infineon acquires Cypress Semiconductor in deal valued at $10 billion
Source Captured: 03/06/2019 11:09:30

The Register - What does $9bn buy you? For Infineon, a Cypress hill of California semis
Source Captured: 03/06/2019 11:09:30

Bloomberg - Infineon Will Buy Cypress Semi in Latest Chip Mega-Deal
Source Captured: 03/06/2019 11:09:30

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