Upon successful integration, Infineon will adapt its target operating model accordingly. 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. 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 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. This communication does not constitute an offer to sell or the solicitation of an offer to buy Cypress’ securities or the solicitation of any vote or approval. 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. The transaction has been approved by the Cypress shareholders and all required regulatory clearances have been obtained. Infineon Technologies AG completes acquisition of Cypress Semiconductor ... Cypress Semiconductor Corp. 198 Champion Court San Jose, CA 95134 USA Tel: +1-408-943-2600. 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. 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. Cypress is the leader in advanced embedded solutions for the world’s most innovative automotive, industrial, smart home appliances, consumer electronics and medical products. > Press In June 2019, Infineon Technologies announced it would acquire Cypress for $9.4 billion. This corresponds to a fully diluted enterprise value for Cypress of €9.0 billion. 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. We will strengthen and accelerate our profitable growth and put our business on a broader basis. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural … 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. Infineon Technologies acquired Cypress in June 2019 and has added its memory, microcontrollers, sensor, Bluetooth and WiFi technologies to its own offerings. We will offer the industry’s most comprehensive portfolio for linking the real with the digital world – comprising an unparalleled range of hardware, software and security solutions for the connected age. Cypress Semiconductor shares jumped 27% in pre-market trade. Cypress Semiconductor, An Infineon Technologies Company / U.S.A. Cypress is now Infineon. 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 System leader for high growth markets Infineon Technologies AG announced and issued the following press release that Infineon implemented the acquisition of CYPRESS Semiconductor on Apr-16-2020. Infineon's proposed tie-up values Cypress nearly 50% higher than the stock price prior to media reports that a deal was in the works. | 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. This includes Cypress’s previously announced quarterly cash dividend of US$0.11 per share, payable on July 18, 2019 to holders of record of Cypress’s common stock at the close of business on June 27, 2019. In the 2018 fiscal year (ending 30 September), the Company reported sales of €7.6 billion with about 40,100 employees worldwide. The integration of Cypress is a major step for Infineon and a unique opportunity for our customers. Therefore, caution should be taken not to place undue reliance on any such forward-looking statements. With this transaction, we will be able to offer our customers the most comprehensive portfolio for linking the real with the digital world. 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. 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. He led Cypress Semiconductor’s purchase by Infineon Semiconductor in a $9bn deal. Risk Factors in Cypress’ Annual Report on Form 10-K for the fiscal year ended December 30, 2018 and Part II, Item 1A. Cypress Semiconductor Corporation fue una empresa norteamericana dedicada al diseño y fabricación de semiconductores. The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. Jun 2, 2019 BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND STOCKHOLDERS OF CYPRESS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. After receiving interest from several companies, we entered into a transaction that is a testament to our team’s strategy and hard work. 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. It offered NOR flash memories, F-RAM and SRAM Traveo microcontrollers, the industry's only PSoC programmable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense capacitive touch-sensing controllers, Wireless BLE Bluetooth Low-Energy and USB connectivity solutions. Infineon has validated sales and cost synergies assumptions as part of due diligence. Then, the company targets through-cycle revenue growth of 9+ percent and a segment result margin of 19 percent. > Company The contents of this announcement have not been verified by any of the Financial Advisors or any of their affiliates. 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. The financial policy to preserve a strategic cash reserve remains in place. Microelectronics from Infineon is the key to a better future. For additional discussion of potential risks and uncertainties that could impact Cypress’ results of operations or financial position, refer to Part I, Item 1A. Microelectronics from Infineon is the key to a better future. The acquisition is subject to approval by Cypress's shareholders and the relevant regulatory bodies as well as other customary conditions. The proxy statement, any amendments or supplements thereto and other relevant materials, and any other documents filed by Cypress with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov. > 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. Customer Service Support +1-800-541-4736 Hours: 8:00AM - 5:00PM (local time) Create a MyCase Cypress Developer Community. 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. In addition, the strong fit of our two companies will bring enhanced opportunities for our customers and employees.” Steve Albrecht, Chairman of the Board of Directors of Cypress, said: “For the past three years, our Cypress 3.0 strategy has delivered tremendous results and restructured the entire organization to focus on markets that matter. This transaction also makes our business model even more resilient. 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. 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. Its product range is a perfect match. On Semi currently sales of $5.5bn and an increasingly similar range of power and wireless products. Transaction details Under the terms of the agreement, Infineon will offer US$23.85 in cash for all outstanding shares of Cypress. Infineon acquires Cypress Semiconductor in deal valued at $10 billion Infineon Technologies has agreed to buy Cypress Semiconductor in a deal that values the chipmaker at $10 billion. Morgan Stanley is acting as exclusive financial advisor to Cypress, and Simpson Thacher & Bartlett LLP is serving as legal counsel. Infineon announced us they will keep the current communication between all customers and them for a while under this serious COVID-19 situation. 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. La firma alemana de semiconductores Infineon ha pactado la compra de la estadounidenses Cypress Semiconductor en una operación de 9.000 millones de … 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. This announcement does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or an invitation to subscribe for, underwrite or otherwise acquire, any securities of the Infineon Technologies AG, the Cypress Semiconductor Corp. or the securities of any existing or future member of the Cypress group (the “Cypress Group”) or the Infineon Technologies AG group (the “Infineon Technologies Group”). > Infineon to acquire Cypress, strengthening and accelerating its path of profitable growth, Usage of this website is subject to our Usage Terms. Based on pro forma revenues of €10 billion in FY 2018, the transaction will make Infineon the number eight chip manufacturer in the world. 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. Forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “plan,” “project,” “estimate,” “forecast,” “expect,” “should,” “intend,” “may,” “could,” “will,” “would,” “outlook,” “future,” “trend,” “goal,” “target,” and similar expressions or expressions of the negative of these terms. Acquisition of Cypress Semiconductor, 3 June 2019 Start: 8:15 am CEST / 7:15 am UK / 2:15 am EDT, 苏ICP备15016286号-1 | 苏公网安备 32021402001016号 | 营业执照, Infineon to acquire Cypress, strengthening and accelerating its path of profitable growth, Dr. Reinhard Ploss, CEO Infineon Technologies AG, Hassane El-Khoury, President and CEO of Cypress, Steve Albrecht, Chairman of the Board of Directors of Cypress, Acquisition of Cypress Semiconductor, 3 June 2019, Home These statements reflect only Cypress’ current expectations and are not guarantees of future performance or results. Expected economies of scale will create cost synergies of €180 million per annum by 2022. After a long period of uncertainty, Infineon Technologies has received all regulatory approvals necessary for the acquisition of Cypress Semiconductor Corporation. This announcement does not constitute shareholder voting or proxy information, a proxy, an offer to purchase, or prospectus, in whole or in part, and any decision with respect to the manner in which to vote on any corporate or shareholder action or sell or purchase any securities should not be made on the basis of the information contained in this announcement, and should be made solely on the basis of the information to be contained in the relevant document  and on an independent analysis of the information contained therein. 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 AG anuncia el cierre de la adquisición de Cypress Semiconductor Corporation, compañía con sede en San José que ha pasado a formar parte del fabricante de chips. This transaction will create product opportunities that are increasingly important in the competitive automotive, industrial, and consumer markets. The distributor is also franchised to supply products from Infineon’s subsidiary, Cypress Semiconductor worldwide. Both conferences will also be available live and for download on Infineon’s website at www.infineon.com. Infineon and Cypress: Strengthening the link between the real and the digital world September 2019. German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp, valuing the U.S. chipmaker at almost $10 billion, Bloomberg reported on Sunday. In automotive semiconductors, the expanded portfolio of microcontrollers and NOR flash memories will offer great potential, especially in light of their growing importance for advanced driver assistance systems and new electronic architectures in vehicles. Jointly, we will enable more secure, seamless connections, and provide more complete hardware and software sets to strengthen our customers’ products and technologies in their end markets. The factors that could cause actual results to differ materially include the following: the risk that Infineon Technologies AG may be unable to achieve the expected synergies, benefits or financial impact from the acquisition within the expected time-frames (or at all); the risk that Infineon Technologies AG will not be able to successfully integrate Cypress’s operations into those of Infineon Technologies AG, such integration may be more difficult, time-consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs, customer loss and business disruption (including difficulties in maintaining relationships with employees, customers or suppliers) may be greater or more significant than expected following the transaction; the impact of higher levels of debt incurred by Infineon Technologies AG in connection with the transaction and the potential impact on the rating of indebtedness of Infineon Technologies AG and the risk that deleveraging may take longer than expected; the risk that the acquisition is subject to conditions and that there is no assurance that Infineon Technologies AG will be able to complete the acquisition on a timely basis or all; currency risk in respect of the consideration payable by Infineon Technologies AG in connection with the acquisition; These forward-looking statements speak only as of the date of this presentation. 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