Infineon gets final approval for Cypress acquisition
The two companies had initially signed a definitive agreement under which Infineon would acquire Cypress in June 2019. The acquisition will provide Infineon with a comprehensive portfolio for bridging the real and digital worlds. It will accelerate Infineon’s evolution from a component provider to a systems provider for the automotive, industrial and IoT markets. The acquisition will also increase Infineon’s global reach and allow it to provide better support.
The transaction will initially be funded through a combination of cash on hand and a committed acquisition financing facility provided by banks.
More information
Related news
Infineon launches first certified NFC Type 4B Tag
Open source TPM 2.0 software stack eases security adoption
Infineon claims a certification “first” for its OPTIGA TPM Security Controller
Infineon gains security certification for IoT apps, with OPTIGA product
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :