Infineon Technologies acquires Cypress Semiconductor in €9bn deal

Infineon acquisition of Cypress Semiconductor : German semiconductor manufacturer Infineon Technologies has wrapped up its previously announced €9.0 billion acquisition of US-based Cypress Semiconductor.

As per the deal announced in June 2019, Infineon Technologies offered to acquire Cypress Semiconductor for $23.85 per share. The acquisition has been taken by the German semiconductor manufacturer to bolster its focus on structural growth drivers and cater to a broader variety of applications.

The acquisition is also expected to accelerate Infineon Technologies’ path of profitable growth of recent years.

Infineon Technologies said that Cypress Semiconductor brings to it a differentiated portfolio of microcontrollers, connectivity components, software ecosystems, and also high- performance memories. The German semiconductor manufacturer claims that all this is highly complementary to its own power semiconductors, automotive microcontrollers, sensors and security solutions.

The company further said that combining the technology assets will enable advanced solutions for high-growth applications like ADAS/AD, IoT, and 5G mobile infrastructure. Apart from that the addition of Cypress Semiconductor’s strong capabilities in research and development and its presence in the US and Japan will boost the connections of Infineon Technologies with customers across the world.

Infineon acquisition of Cypress Semiconductor. Photo courtesy of Tumisu from Pixabay.

Commenting on Infineon acquisition of Cypress Semiconductor, Reinhard Ploss – CEO of Infineon Technologies said: “The acquisition of Cypress is a landmark step in Infineon’s strategic development. 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.

“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. Furthermore, customers can benefit from our increased global reach and enhanced design-in support tailored to their needs.”