Infineon completed acquisition of Cypress Semiconductor
Cypress is now Infineon
Munich, Germany, and San Jose, California – 16 April 2020 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced today the Closing of the acquisition of Cypress Semiconductor Corporation. The San José-based company has become part of Infineon effective as of the Closing.
The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. This aims to accelerate the company’s path of profitable growth. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories. All this is complementary to Infineon’s leading power semiconductors, automotive microcontrollers, sensors and security solutions. Combining these technology assets enables advanced solutions for high-growth applications such as ADAS/AD, IoT and 5G mobile infrastructure. The addition of Cypress’ strong R&D capabilities and its foothold in the U.S. and Japan strengthen Infineon’s connections with customers around the world.
Cypress was founded in 1982 by T.J. Rodgers, a brilliant chip engineer who helped the startup gain recognition for making a wide variety of memory, sensor, and internet of things chips as it grew to include thousands of employees.