Infineon digs deep to buy Cypress in $10 billion deal

Infineon digs deep to buy Cypress in $10 billion deal



Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company sharply lower on concerns over the cost.





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