Infineon Technologies AG announced 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 acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. “Together, we offer our customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of the most important global trends.”
“We serve as a trusted partner for customers and distributors and we are evolving from a leader in components to a leader in system solutions for the automotive, industrial and IoT markets. Furthermore, customers can benefit from our increased global reach and enhanced design-in support tailored to their needs. We welcome our new colleagues from Cypress to Infineon,” added.
The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high- performance memories. 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.
