WebMar 9, 2024 · Cypress shares surged 45% to $22.20 in after-hours U.S. trading on Monday. Infineon said that, while the CFIUS review was now complete, the transaction remains subject to approval from China’s ... WebApr 16, 2024 · Cypress may be required to pay a fee of fee of $330 million while Infineon may be required to pay a fee of $425 million in the event of termination of the transaction under certain circumstances. Until the transaction is completed, Cypress and Infineon will operate as separate, independent companies.

Infineon revs up auto business with $10 billion Cypress deal

WebMar 30, 2024 · Infineon and Cypress are individually great companies to own given their broad product portfolios, diverse market segments and geographic revenue exposure. ... We initiate a Buy rating on Infineon ... WebJun 3, 2024 · Infineon Technologies has agreed to buy US rival Cypress Semiconductor for €9bn including debt in a deal that promises to turn the German chipmaker into the world’s largest supplier of... resign annual leave balance

Germany

WebJun 3, 2024 · BERLIN—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 … WebJun 3, 2024 · Infineon has announced that it is acquiring Cypress for $10.B. It expects to strengthen its position and growth in IoT, industrial and automotive with the companies' … WebApr 16, 2024 · On 3 June 2024, Infineon and Cypress announced that the companies had signed a definitive agreement under which Infineon would acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. The transaction … resign application format