Infineon Technologies has received EU approval to acquire Cypress Semiconductor for EUR 9.0 billion (USD 23.85 per share). The deal was signed in June 2019.
Cypress Semiconductor will hold a stockholder vote on August 27 to approve Infineon Technologies' acquisition of Cypress for $23.85 per share in cash, valuing the deal at approximately $10 billion.
German chipmaker Infineon agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion. The deal is on track to close by end of 2019 or early 2020.
Infineon, Germany's largest chip manufacturer, announced on 3 June 2019 it will acquire U.S. rival Cypress Semiconductor for approximately €9 billion ($10.1 billion), offering $23.85 per share.
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.
Cypress Semiconductor announced that automotive supplier DENSO has selected Cypress' Semper fail-safe storage for its next-generation digital automotive cockpit applications with advanced graphics.
SK hynix system ic and Cypress Semiconductor formed a joint venture, SkyHigh Memory Limited, with SK hynix owning 60% and Cypress 40%. The deal closed on April 1, 2019, after CFIUS clearance.
Cypress Semiconductor and SK hynix system ic closed their joint venture transaction, forming SkyHigh Memory Limited based in Hong Kong. SkyHigh Memory will manufacture and supply NAND memory solutions for consumer, networking, industrial, and automotive markets.
DENSO Corporation selected Cypress Semiconductor's Semper fail-safe storage for its next-generation digital automotive cockpit applications.
Cypress Semiconductor Corp. entered into a joint venture with SK hynix system ic, Inc. to manufacture and sell Cypress' SLC NAND products. The joint venture will be 60% owned by SK hynix system ic and 40% by Cypress, based in Hong Kong, and is expected to launch in Q1 2019.
Cypress Semiconductor and SK hynix System IC announced a joint venture in Hong Kong to produce and sell Cypress's SLC NAND products, with SK hynix System IC owning 60% and Cypress 40%, expected to start in Q1 2019.
Cypress Semiconductor Corporation entered into a joint venture agreement with SK hynix system ic Inc. to develop, manufacture, sell and distribute NAND products using Large Scale NAND Wafers supplied by SK hynix. The joint venture has an initial term of five years.
Cypress Semiconductor and Spansion announced an all-stock merger valued at approximately $4 billion. The combined company will be headquartered in San Jose, California, and named Cypress Semiconductor Corporation. The deal is expected to close in the first half of 2015.
Cypress Semiconductor Corp. and Spansion, Inc. announced a definitive agreement to merge in an all-stock, tax-free transaction valued at approximately $4 billion. The combined company will be a $2 billion global leader in microcontrollers and specialized memories.
HLMC and Cypress Semiconductor announced production of low-power embedded flash products using HLMC's 55nm LP process with Cypress's SONOS IP, with full production expected in H2 2017.
Cypress Semiconductor announced that Continental has selected its Traveo II automotive microcontrollers for Continental's next-generation body electronics platform, covering products like body control modules and door control units.
Cypress Semiconductor Corp. sold the subsidiary that owns its semiconductor wafer fabrication facility in Bloomington, Minnesota, to SkyWater Technology Foundry for $30 million. SkyWater will operate the fab as a standalone business.