Acquirer: Infineon Technologies AG (Germany)
Acquired: Cypress Semiconductor Corporation (US)
Value: US$10 billion
UPDATE: Cypress Semiconductor Corporation reported in an SEC filing that “[o]n March 9, 2020, the Committee on Foreign Investment in the United States (“CFIUS”) concluded its review under Section 721 of the Defense Production Act of 1950, as amended, of the Merger and determined that there are no unresolved national security concerns with respect to the Merger” of Cypress Semiconductor Corporation with Infineon Technologies AG. (Cypress Semiconductor Corporation Form 8-K, SEC Filing, Mar. 10, 2020.)
Posted on June 4, 2019
Status: Upcoming/New Filing
On June 3, 2019, Cypress Semiconductor Corporation, a US semiconductor design and manufacturing company, Infineon Technologies AG, a semiconductor manufacturer based in Germany, and IFX Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Infineon Technologies, entered into a merger agreement pursuant to which IFX Merger Sub will merge with and into Cypress Technologies, with Cypress Technologies surviving as a wholly owned subsidiary of Infineon Technologies. (See Cypress Semiconductor Corporation Form 8-K, June 3, 2019, SEC Filing.) Cypress and Infineon have agreed that certain regulatory approvals will be required for the deal, including from “the Committee on Foreign Investment in the United States (“CFIUS”) pursuant to Section 721 of the Defense Production Act of 1950.” (Id.; see Agreement and Plan of Merger, Sec. 7.1(d), Cypress Semiconductor Corporation Form 8-K, Ex-2.1, June 3, 2019.)
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