> Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation, Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation, Usage of this website is subject to our Usage Terms. 'The acquisition of Cypress is a landmark step in Infineon's strategic development,' said Infineon CEO Reinhard Ploss. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. At the time of the acquisition, Cypress was valued at 18.2 times NTM EBITDA ( a measure of profitability). | Business & Financial Press. He's … Developer and manufacturer of semiconductor products intended to offer mixed-signal and programmable technology. Le financement de l’acquisition est entièrement souscrit par un consortium des banques. Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. chipmaker at 9 billion euros ($10.06 billion), including debt, the German company said on Monday. The consensus price target is $23.49. Cypress Semiconductor, fondée en 1982 par un ingénieur reconnu, T.J. Rodgers, lui apportera une expertise supplémentaire sur ces champs d’action. "T.J." Rodgers has plenty of stuff on his resume. Infineon Technologies AG ’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a … Germany's Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, ... and Marvell’s earlier acquisition of Avera Semi for $650 million. Cypress Semi Posts Solid Results Ahead of Its Infineon Acquisition The semiconductor manufacturing leader is being acquired, but that doesn't mean investors should stop paying attention. Why Cypress Semiconductor Stock Skyrocketed Today The U.S. Committee on Foreign Investment in the United States (CFIUS) has approved Infineon's proposed acquisition… MCU suppliers) and “Power Semiconductor Market Share Database –2018”, August 2019 (for power semiconductor discretes & modules market shares); Strategy Analytics, “Automotive Semiconductor Vendor 2018 Market Shares", April 2019; ABI Research, “Smart Card & Secure ICs”, October 2018. The San José-based company has become part of Infineon effective as of the Closing. Log In. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” says Infineon CEO Reinhard Ploss, in a press release. The companies expect the transaction to close by the end of 2019 or early 2020. up-to-date information on the subjects of interest to you, gated thought-leader content and discounted access to our prized events, such as Transform. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural … The stock price represents an all-time high for Cypress, and it’s a nice way for a legendary Silicon Valley to go out. Stable and long-term refinancing structure. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. Cypress got a big return on that deal. “Together, we offer our customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of … The San Jose-based company has become part of Infineon effective as of the Closing. Note: Euro values based on 12-month average €/$ exchange rate of 1.19 for 2018 and … "The acquisition of Cypress is a landmark step in Infineon's strategic development," said Infineon CEO Reinhard Ploss. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced today the Closing of the acquisition of Cypress Semiconductor Corporation. He said he liked corporations to set “big, hairy, audacious goals” so they could achieve higher results. 17 2 Comments Cypress Semiconductor: Cash In On An 8% Spread That’s 55% higher than the stock price last week before the news started to leak. The San Jose-based company has become part of Infineon effective as of the Closing. Pricing. We welcome our new colleagues from Cypress to Infineon”. the acquisition of Cypress Semiconductor Corporation. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. Try Pro free Solutions. The transaction has been approved by the Cypress shareholders and all required regulatory clearances have been obtained. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . After spending years transforming itself from a commodity semiconductor outfit into a leading connectivity provider powering a myriad of devices from … The acquisition is subject to approval by Cypress's shareholders and the relevant regulatory bodies as well as other customary conditions. Infineon expects to close the transaction within five business days. Regarding fabs, or wafer fabrication plants (chip factories), Rodgers was adamant that owning your own factory was the path to success in semiconductors. The acquisition of Cypress is a landmark step in Infineon s strategic development, said Infineon CEO Reinhard Ploss. Infineon Technologies AG announced today the Closing of the acquisition of Cypress Semiconductor Corporation. Apr 16, 2020 The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. "Together, we offer our customers the industry's most comprehensive portfolio for … Cypress Acquisition Will Propel Infineon To Automotive Semiconductor Leadership In 2020 Robert Castellano Fri, Apr. Cypress attempted to acquire Integrated Silicon Solution Inc. in 2015 but was thwarted by a competing bid by Chinese buyer consortium Uphill Investment Co., which included GigaDevice, a major competitor in the NOR flash market. Already a leader in power semiconductors and security controllers, Infineon is now also becoming the number one semiconductor supplier to the automotive industry. The acquisition is initially funded through a combination of cash on hand and a committed acquisition financing facility provided by a consortium of 20 national and international banks. “The acquisition of Cypress is a landmark step in Infineon's strategic development,” said Infineon CEO Reinhard Ploss. Beginning of June 2019, Infineon and Cypress announced that the companies had signed a definitive agreement under which Infineon would acquire Cypress. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories. Infineon is paying $23.85 per share in cash ($10 billion enterprise value, counting debt) in addition to continuing its dividend through closing. Annual revenue, helped by an acquisition, has more than doubled in five years to $2.5 billion in 2018. Munich, Germany, and San Jose, California – 16 April 2020 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced today the Closing of the acquisition of Cypress Semiconductor Corporation. VentureBeat Homepage.cls-1{fill:#ed2025;}.SiteLogo__v{fill:#ffffff;}, Join us for the world’s leading event about accelerating enterprise transformation with AI and Data, for enterprise technology decision-makers, presented by the #1 publisher in AI and Data. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. How customers benefit: Industry-leading portfolio: Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories. Infineon has completed its previously announced acquisition of Cypress Semiconductor Corporation. Infineon : finalise l'acquisition de Cypress Connectez-vous pour conserver cet article et le lire plus tard. In the 2019 fiscal year (ending 30 September), the Company reported sales of €8.0 billion with about 41,400 employees worldwide. Last June, German chipmaker Infineon agreed to buy American chipmaker Cypress Semiconductor for 9 billion euros ($10.3 billion). 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. Accédez gratuitement aux outils de conception et à l'assistance technique. He's best known as the founder and former CEO of Cypress Semiconductor. The closing is expected by the end of calendar year 2019 or early 2020. Credit Suisse and J.P. Morgan acted as lead financial advisors to Infineon. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. > Press Retrouvez tous les produits de Cypress Semiconductor. The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. 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