'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. Accédez gratuitement aux outils de conception et à l'assistance technique. Early to recognize the value of improved solar cells made from silicon, Rodgers invested in SunPower in 2002 and helped it launch an initial public offering in 2005. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural … The transaction has been approved by the Cypress shareholders and all required regulatory clearances have been obtained. En avril 2016, Cypress Semiconductor annonce l'acquisition de l'activité Internet des objets de Broadcom pour 550 millions de dollars [5]. The San Jose-based company has become part of Infineon effective as of the Closing. Why Cypress Semiconductor Stock Skyrocketed Today The U.S. Committee on Foreign Investment in the United States (CFIUS) has approved Infineon's proposed acquisition… MILPITAS, Calif., May 28, 2015 /PRNewswire/ -- Integrated Silicon Solution, Inc. today provided an update on its discussions regarding the unsolicited offer from Cypress Semiconductor... | November 5, 2020 Save Search . He's … “Together, we offer our customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of … Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced the Closing of the acquisition of Cypress Semiconductor. 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. Infineon Technologies AG announced today the Closing of the acquisition of Cypress Semiconductor Corporation. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” says Infineon CEO Reinhard Ploss, in a press release. Infineon is committed to retaining an investment grade rating and therefore, unchanged from the initial announcement, Infineon intends to ultimately finance approximately 30 percent of the total transaction with equity. > Press Beginning of June 2019, Infineon and Cypress announced that the companies had signed a definitive agreement under which Infineon would acquire Cypress. “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 most important global trends. Acquisition search results. > About Infineon Pricing. The San Jose-based company has become part of Infineon effective as of the Closing. In the 1980s and 1990s, Rodgers was known as the toughest boss in Silicon Valley, always holding executives and employees accountable. 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. We will strengthen and accelerate our profitable growth and put our business on a broader basis. Infineon Technologies AG announced today the Closing of the acquisition of Cypress Semiconductor Corporation. Developer and manufacturer of semiconductor products intended to offer mixed-signal and programmable technology. $550 Million Acquisition to Reinforce Cypress’s Leadership in Embedded Systems Solutions and Broaden Its Footprint in the Fast-Growing IoT Market. Furthermore, customers can benefit from our increased global reach and enhanced design-in support tailored to their needs. Combining these technology assets enables advanced solutions for high-growth applications such as ADAS/AD, IoT and 5G mobile infrastructure. “Together, we offer our customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of … Log In. We laughed as he told tales of getting the Cypress staff to (voluntarily) pick his grapes. Cypress was known for its larger-than-life founder, who said outrageous things like “real men have fabs” and was a smart and fiercely independent Libertarian. Advanced. Connexion membre Connexion client 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. "The acquisition of Cypress is a landmark step in Infineon's strategic development," said Infineon CEO Reinhard Ploss. The San José-based company has become part of Infineon effective as of the Closing. Regarding fabs, or wafer fabrication plants (chip factories), Rodgers was adamant that owning your own factory was the path to success in semiconductors. 17 2 Comments Cypress Semiconductor: Cash In On An 8% Spread Bank of America Merrill Lynch also acted as financial advisor. This will accelerate the company’s path of profitable growth. "The acquisition of Cypress is a landmark step in Infineon's strategic development," said Infineon CEO Reinhard Ploss. Cypress Semiconductor Corp., according to people familiar with the matter. Cypress' stock, … I walked through his vineyard once, when it was equipped with some of the earliest IoT monitoring equipment. En septembre 2015, Cypress tente d'acquérir Atmel, mais abandonne à la suite d'une offre plus élevée de la part de Dialog Semiconductor [4]. The acquisition is expected to be accretive to earnings in the 2021 fiscal year. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. Broadcom’s IoT business unit, which employs approximately 430 people worldwide, generated $189 million in revenue during the last twelve months. April 07, 2020 // By Christoph Hammerschmidt. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. Search Crunchbase. If you are unaware of your ON Semiconductor Customer Service Representative or Sales Representative, please contact your ISBU representative and they will direct … the acquisition of Cypress Semiconductor Corporation. Infineon : finalise l'acquisition de Cypress Connectez-vous pour conserver cet article et le lire plus tard. Above: T.J. Rodgers of Cypress Semiconductor. The San José-based company has become part of Infineon effective as of the Closing. In April 2016, Cypress announced the acquisition of Broadcom’s Wireless Internet of Things (IoT) business and related assets in an all-cash transaction valued at $550 million. Infineon Technologies AG agreed to buy Cypress Semiconductor Corp. for about $8.7 billion in cash, the latest mega-deal for an industry grappling with slowing growth. Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. 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. 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 … Reinhard Ploss, CEO of Infineon, said: “The planned acquisition of Cypress is a landmark step in Infineon’s strategic development. Automotive semiconductor revenues should decrease just … The company provides advanced embedded systems to a variety of markets, including industrial, … That’s 55% higher than the stock price last week before the news started to leak. The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation. Analysts are The U.S. government is reportedly considering blocking Infineon's acquisition of Cypress on national security grounds. “Together, we offer our customers the … Given current macro uncertainties caused by the coronavirus pandemic, a solid balance sheet and a strong liquidity position are key. Infineon has completed its previously announced acquisition of Cypress Semiconductor Corporation. Cypress got a big return on that deal. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. Publié le 17/06/2019 À 17H15. He's been a winemaker since 1996 and has his own vineyard, Clos de la … The San Jose-based company has become part of Infineon effective as of the Closing. 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. Financial rationale of the merger confirmed. Already a leader in power semiconductors and security controllers, Infineon is now also becoming the number one semiconductor supplier to the automotive industry. 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. Furthermore, a consistent deleveraging path will be pursued in order to bring the ratio of gross financial debt to EBITDA back to its target value of maximum 2.0x over the mid-term. Developer and manufacturer of semiconductor products intended to offer mixed-signal and programmable technology. The San José-based company has become part of Infineon effective as of the Closing. The stock price represents an all-time high for Cypress, and it’s a nice way for a legendary Silicon Valley to go out. Retrouvez tous les produits de Cypress Semiconductor. The complementary portfolios will enable the offering of additional chip solutions with a revenue synergy potential of more than €1.5 billion per annum in the long term. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. Infineon augmente son capital pour financer l'acquisition de Cypress. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). We serve as a trusted partner for customers and distributors and we are evolving from a leader in components to a leader in system solutions for the automotive, industrial and IoT markets. The company provides advanced embedded systems to a variety of markets, including industrial, … Resources. Infineon's acquisition of Cypress will increase its market share of the automotive semiconductor market to 17% in 2020. He stepped down in 2016 but remained an activist shareholder within the company. Cypress Semiconductor is a component of the Ocean Tomo 300 Patent Index. To this end, Infineon will keep liquidity corresponding to its target level of €1 billion plus at least 10 percent of sales. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories. > 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. 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. “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 most important global trends. Last June, German chipmaker Infineon agreed to buy American chipmaker Cypress Semiconductor for 9 billion euros ($10.3 billion). After a long period of uncertainty, Infineon Technologies has received all regulatory approvals necessary for the acquisition of Cypress Semiconductor Corporation. The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. Infineon to acquire Cypress, strengthening and accelerating its path of profitable growth PR Newswire MUNICH, Germany and SAN JOSE, Calif., June 3, 2019 - … 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. India – Business Wire India Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced today the Closing of the acquisition of Cypress Semiconductor Corporation. "T.J." Rodgers has plenty of stuff on his resume. The San Jose-based company has become part of Infineon effective as of the closing. Try Pro free Solutions. Reinhard Ploss, CEO of Infineon, said: “The planned acquisition of Cypress is a landmark step in Infineon’s strategic development. Stable and long-term refinancing structure. “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. Retrouvez tous les produits de Cypress Semiconductor. The transaction is now expected to close within the next five business days. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. The consensus price target is $23.49. 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