x
Infineon Boosts Auto, IoT Portfolios with Cypress Deal
IoT News save
H
Posted

media

No media yet. 

details

Infineon Boosts Auto, IoT Portfolios with Cypress Deal

Infineon Technologies’ acquisition of Silicon Valley mainstay Cypress Semiconductor Corp. underscores what increasingly looks like the end of an era for high-flying U.S. chip makers that have seen their fortunes dim as semiconductor manufacturing shifts to Asia and the pace of industry consolidation quickens.

The $10.1 billion cash deal announced over the weekend would make Munich-based Infineon the leading maker of automotive chips. Infineon said it would pay $23.85 per share to acquire Cypress Semiconductor (NASDAQ: CY). About one-third of the acquisition will be financed.

Read more…

 

No comments yet.

Commenting is limited to those invited by others in the community
or learn more.

x

Add to Collection