Infineon Technologies acquired Cypress in June 2019 and has added its memory, microcontrollers, sensor, Bluetooth and WiFi technologies to its own offerings. Analyst telephone conference and press telephone conference Infineon will host a telephone conference call including a webcast for analysts and investors (in English only) on 3 June 2019 at 8:15 am (CEST) in order to inform about the planned transaction. Jun 2, 2019 Infineon announced us they will keep the current communication between all customers and them for a while under this serious COVID-19 situation. It can be followed over the Internet in both English and German. Its product range is a perfect match. The offer price represents a 46 percent premium to Cypress’s unaffected 30-day volume-weighted average price during the period from 15 April to 28 May 2019, the last trading day prior to media reports regarding a potential sale of Cypress. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural … The complementary portfolios will enable the offering of further chip solutions with a revenue synergies potential of more than €1.5 billion per annum in the long term. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such statements. La firma alemana de semiconductores Infineon ha pactado la compra de la estadounidenses Cypress Semiconductor en una operación de 9.000 millones de … Infineon shares slid 6.5% Monday as investors reacted to the deal. The funding of the acquisition is fully underwritten by a consortium of banks. Neither this announcement nor any part of it form the basis of, nor should any of them be relied on in connection with, any voting decisions to be taken by shareholders of either Cypress or Infineon Technologies AG, any offer to purchase or sell, or contract to purchase or sell, any securities of Cypress or Infineon Technologies AG, any member of the Cypress Group or Infineon Technologies Group, or with any other offer, contract or commitment whatsoever. This transaction will create product opportunities that are increasingly important in the competitive automotive, industrial, and consumer markets. Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Cypress is committed to providing customers with the best support and development resources on the planet enabling them to disrupt markets by creating new product categories in record time. Then, the company targets through-cycle revenue growth of 9+ percent and a segment result margin of 19 percent. You are urged to consider these factors carefully in evaluating the forward-looking statements in this announcement and not to place undue reliance on such statements. The financial policy to preserve a strategic cash reserve remains in place. The closing is expected by the end of calendar year 2019 or early 2020. Credit Suisse and J.P. Morgan acted as lead financial advisors to Infineon. Cypress Semiconductor shares jumped 27% in pre-market trade. Morgan Stanley is acting as exclusive financial advisor to Cypress, and Simpson Thacher & Bartlett LLP is serving as legal counsel. Cypress Semiconductor Corporation An Infineon Technologies Company 6 Arie Regev Street 42504 Netanya Israel Product Design. In addition, the Management Board will host a telephone press conference with the media at 9:15 am (CEST). Cautionary Note Regarding Forward Looking Statements of Cypress This communication contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the merger (the “Merger”) of Cypress Semiconductor Corporation on the terms and subject to the conditions set forth in the Agreement and Plan of Merger, dated as of June 3, 2019 (the “Merger Agreement”), the benefits of the proposed transaction and the anticipated timing of the proposed transaction. On 3 June 2019, 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. Kirkland & Ellis LLP and Freshfields Bruckhaus Deringer LLP are acting as legal advisors to Infineon. The Financial Advisors are acting exclusively for Infineon Technologies AG and for no-one else in connection with or in respect of the transactions referred to in this announcement and will not regard any other person (whether or not a recipient of this presentation) as a client in relation to these transactions and will not be responsible to any other person for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to in this announcement. Cypress is now Infineon – together we are more than 47,400* people from over 100 countries at over 80 sites worldwide with one common mission: make life easier, safer and greener for generations to come. We will strengthen and accelerate our profitable growth and put our business on a broader basis. Information regarding the persons who may be considered “participants” in the solicitation of proxies will be set forth in Cypress’ preliminary and definitive proxy statements when filed with the SEC and other relevant documents to be filed with the SEC in connection with the proposed transaction, each of which can be obtained free of charge from the sources indicated above when they become available. In the 2019 fiscal year (ending 30 September), the Company reported sales of €8.0 billion with about 41,400 employees worldwide. In addition, Cypress’ stockholders may obtain free copies of the documents Cypress files with the SEC through the Investors portion of Cypress’ website at investors.cypress.com under the link “Financials & Filings” and then under the link “SEC Filings” or by contacting Cypress’ Investor Relations Department by (a) mail at Cypress Semiconductor Corporation, Attention: Investor Relations, 198 Champion Ct., San Jose, CA 95134, (b) telephone at (408) 943-2600, or (c) e-mail at investorrelations@cypress.com. The proposed transaction will be submitted to Cypress stockholders for their consideration. > Press Releases Its product range is a perfect match. The integration of Cypress is a major step for Infineon and a unique opportunity for our customers. Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation. The company adds to its R&D presence in Silicon Valley and gains presence, as well as market share, in the strategically important Japanese market. The distributor is also franchised to supply products from Infineon’s subsidiary, Cypress Semiconductor worldwide. Additional Information Regarding Cypress and Where to Find It This communication may be deemed to be solicitation material of Cypress in respect of the proposed transaction. On Semiconductor has appointed Hassane El-Khoury as chief executive to replace retiring boss Keith Jackson. Microelectronics from Infineon is the key to a better future. Cypress’s microcontrollers, wireless and USB-based connectivity solutions, analog ICs, and reliable, high-performance memories help engineers design differentiated products and get them to market first. Cypress Semiconductor, An Infineon Technologies Company / U.S.A. Cypress is now Infineon. In addition to its already leading position in power semiconductors and security controllers, Infineon will now also become the number one supplier of chips to the automotive market. Customer Service Support +1-800-541-4736 Hours: 8:00AM - 5:00PM (local time) Create a MyCase Cypress Developer Community. Infineon Technologies AG announced and issued the following press release that Infineon implemented the acquisition of CYPRESS Semiconductor on Apr-16-2020. Munich, Germany, and San Jose, California – 3 and 2 June 2019 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Cypress Semiconductor Corporation (NASDAQ: CY) today announced that the companies have signed a definitive agreement under which Infineon will acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. Bank of America Merrill Lynch also acted as financial advisor. > Cypress acquisition, Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation, Infineon Makes Successful Debut on the Hybrid Bond Market and raises EUR 1.2 billion to re-finance the Cypress acquisition, Infineon to acquire Cypress, strengthening and accelerating its path of profitable growth, Usage of this website is subject to our Usage Terms. In connection with the proposed transaction, Cypress intends to file a proxy statement and other relevant materials with the SEC in connection with the solicitation of proxies in connection with the proposed transaction. We look forward to welcoming our new colleagues from Cypress to Infineon. As Board members, we are grateful for Cypress’s outstanding management team, led by Hassane El-Khoury.” More robust positioning in high-growth markets With the addition of Cypress, Infineon will consequently strengthen its focus on structural growth drivers and serve a broader range of applications. For additional discussion of potential risks and uncertainties that could impact Cypress’ results of operations or financial position, refer to Part I, Item 1A. All three banks acted as structuring banks in addition to providing committed financing for the transaction, Bank of America Merrill Lynch in the lead. In June 2019, Infineon Technologies announced it would acquire Cypress for $9.4 billion. Based on pro forma revenues of €10 billion in FY 2018, the transaction will make Infineon the number eight chip manufacturer in the world. | Business & Financial Press, Munich, Germany, and San Jose, California – 3 and 2 June 2019 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Cypress Semiconductor Corporation (NASDAQ: CY) today announced that the companies have signed a definitive agreement under which Infineon will acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. After a long period of uncertainty, Infineon Technologies has received all regulatory approvals necessary for the acquisition of Cypress Semiconductor Corporation. Infineon is committed to retaining a solid investment grade rating and, consequently, Infineon intends to ultimately finance approximately 30 percent of the total transaction value with equity and the remainder with debt as well as cash on hand. > Infineon to acquire Cypress, strengthening and accelerating its path of profitable growth, Usage of this website is subject to our Usage Terms. The integration of Cypress is a major step for Infineon and a unique opportunity for our customers. Cypress has a differentiated portfolio of microcontrollers as well as software and connectivity components that are highly complementary to Infineon’s leading power semiconductors, sensors and security solutions. Specific factors that could cause actual results to differ from results contemplated by forward-looking statements include, among others, the occurrence of any event, development, condition, state of facts, change, effect or other circumstances that could give rise to the termination of the Merger Agreement, the inability to complete the Merger due to the failure to obtain stockholder approval for the Merger or the failure to satisfy other conditions to completion of the Merger, including that a governmental authority may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks regarding the failure of Parent to obtain the necessary financing to complete the Merger; risks related to disruption of management’s attention from Cypress’ ongoing business operations due to the transaction; the effect of the announcement of the Merger on Cypress’ relationships, operating results and business generally; the risk that certain approvals or consents will not be received in a timely manner or that the Merger will not be consummated in a timely manner; the risk of exceeding the expected costs of the Merger; adverse changes in U.S. and non-U.S. governmental laws and regulations; adverse developments in Cypress’ relationships with its employees; capital market conditions, including availability of funding sources for Cypress; changes in Cypress’ credit ratings; risks related to Cypress’ indebtedness, including Cypress’ ability to meet certain financial covenants in Cypress’ debt instruments; the risk of litigation, including stockholder litigation in connection with the proposed transaction, and the impact of any adverse legal judgments, fines, penalties, injunctions or settlements; and volatility in the market price of Cypress’ stock. 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