CFIUS concludes review of planned acquisition of Cypress and clears transaction / closing remains subject to approval from Chinese authorities
Munich, Germany, and San Jose, California – 10 and 09 March 2020 – On 9 March 2020, the Committee on Foreign Investment in the United States (“CFIUS”) concluded its review under Section 721 of the Defense Production Act of 1950, of the planned acquisition of Cypress Semiconductor Corporation as announced by Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) on 3 June 2019. CFIUS cleared the transaction. The closing of the Merger remains subject to approval from China’s State Administration for Market Regulation (SAMR) and other customary closing conditions under the merger agreement.
D I S C L A I M E R
This release contains forward-looking statements relating to the Infineon Group.
These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual developments may therefore differ materially from what has been expected.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2019 fiscal year (ending 30 September), the company reported sales of €8.0 billion with around 41,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com