Infineon Technologies has closed its acquisition of Cypress Semiconductor Corporation. “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 digitalisation, 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”.
The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. This will accelerate the company’s path to profitable growth. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories, which is highly complementary to Infineon’s 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 US and Japan strengthen Infineon’s connections with customers around the world.
The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. Already a leader in power semiconductors and security controllers, Infineon is now also becoming the number one semiconductor supplier to the automotive industry.
Electronic News Digest
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A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
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