# Infineon to acquire Cypress Semiconductor for €9.0 billion

Infineon Technologies AG announced a definitive agreement to acquire Cypress Semiconductor Corporation for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. The transaction is expected to close by end of 2019 or early 2020.

- Type: Acquisition
- Announced: 2019-06-02
- Where: United States
- Value: $10.1B (9.00B EUR)
- Status: announced
- Products: semiconductors, microcontrollers, connectivity solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Infineon Technologies AG](https://endata.com/companies/15717.md) (acquirer)
- [Cypress Semiconductor](https://endata.com/companies/22566.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/791915/000110465919033283/a19-10962_1ex99d1.htm), 2019-06-02: "The planned acquisition of Cypress is a landmark step in Infineon's strategic development."
- [audioxpress.com](https://audioxpress.com/news/infineon-to-acquire-cypress-semiconductor-aiming-expanded-growth-in-connectivity-technologies), 2019-06-03: "The planned acquisition of Cypress is a landmark step in Infineon’s strategic development."
- [wsj.com](https://www.wsj.com/articles/infineon-to-buy-cypress-semiconductor-in-multibillion-dollar-deal-11559540811), 2019-06-03: "German chip maker Infineon Technologies AG has agreed to acquire Cypress Semiconductor Corp. for €8.4 billion ($9.4 billion), the latest in a series of transactions reshaping the industry."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5250079/infineon-signs-definitive-agreement-to-acquire-cypress-semiconductor-for-usd10-billion), 2019-06-03: "Infineon Technologies has signed a definitive agreement to acquire Cypress Semiconductor for EUR9 billion (USD10 billion), according to a company press release on 3 June"
- [reuters.com](https://www.reuters.com/article/us-cypress-semicond-m-a-infineon/infineon-digs-deep-to-buy-cypress-in-10-billion-deal-idUSKCN1T40JI/), 2019-06-03: "Germany's Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, in an expensive move by Europe's largest chip-maker to expand further in next-generation automobiles and Internet technologies."
- [eetasia.com](https://www.eetasia.com/infineon-acquires-cypress-in-multi-billion-dollar-deal/), 2019-06-03: "The planned acquisition of Cypress is a landmark step in Infineon's strategic development."
- [lexology.com](https://www.lexology.com/library/detail.aspx?g=01de66ac-24eb-4638-9053-246944165a45), 2019-06-04: "Cypress and Infineon have agreed that certain regulatory approvals will be required for the deal, including from 'the Committee on Foreign Investment in the United States'"
- [stblaw.com](https://www.stblaw.com/about-us/news/view/2019/06/04/cypress-semiconductor-to-be-acquired-by-infineon-technologies), 2019-06-04: "Simpson Thacher is representing Cypress Semiconductor Corporation in connection with its proposed merger with a wholly owned subsidiary of Infineon Technologies AG for US$23.85 per share in cash."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/791915/000110465919035289/a19-10962_4ex99d1.htm), 2019-06-13: "Cypress will join with Infineon Technologies AG, uniting two premier semiconductor companies to create a strong technology leader."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/213628.html), 2019-06-23: "Infineon will acquire Cypress Semiconductor for $10 billion (€9 billion) in cash."
- [corp-wp.dxp.nexty-ele.com](https://corp-wp.dxp.nexty-ele.com/nat/english/news/detail/infineon-to-acquire-cypress-strengthening-and-accelerating-its-path-of-profitable-growth/), 2019-08-16: "The planned acquisition of Cypress is a landmark step in Infineon's strategic development."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.