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The proposed transaction will be submitted to Cypress stockholders for their consideration. > Press The distributor is also franchised to supply products from Infineon’s subsidiary, Cypress Semiconductor worldwide. Analyst telephone conference and press telephone conference Infineon will host a telephone conference call including a webcast for analysts and investors (in English only) on 3 June 2019 at 8:15 am (CEST) in order to inform about the planned transaction. The complementary portfolios will enable the offering of further chip solutions with a revenue synergies potential of more than €1.5 billion per annum in the long term. Jun 2, 2019 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. 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”). The financial policy to preserve a strategic cash reserve remains in place. Risk Factors in Cypress’ Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019 and any subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). 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. 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. Infineon Technologies AG completes acquisition of Cypress Semiconductor ... Cypress Semiconductor Corp. 198 Champion Court San Jose, CA 95134 USA Tel: +1-408-943-2600. Infineon announces final regulatory approval for acquisition of Cypress Semiconductor Corporation Apr 7, 2020 | Business & Financial Press Neubiberg, Germany – 7 April 2020 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that all necessary regulatory approvals have been received for its acquisition of Cypress Semiconductor Corporation (NASDAQ: CY). 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. Customer Service Support +1-800-541-4736 Hours: 8:00AM - 5:00PM (local time) Create a MyCase Cypress Developer Community. Under the terms of the Agreement and Plan of Merger dated 3 June 2019, Infineon will acquire all of the issued and outstanding share capital of Cypress (which is currently listed on the NASDAQ stock exchange), via a merger with Infineon’s indirectly wholly owned subsidiary IFX Merger Sub Inc. (5) The Transaction therefore constitutes a concentration pursuant to Article 3(1)(b) of the Merger Regulation. Together, we will continue our shared commitments to innovation and focused R&D investments to accelerate technology advancements.” Hassane El-Khoury, President and CEO of Cypress, said: “The Cypress team is excited to join forces with Infineon to capitalize on the multi-billion dollar opportunities from the massive rise in connectivity and computing requirements of the next technology waves. Improved financial strength following full integration The acquisition will also improve Infineon’s financial strength and Infineon shareholders are expected to benefit from earnings accretion beginning in the first full fiscal year after closing. The capital intensity will decrease, resulting in an increasing free cash flow margin. He led Cypress Semiconductor’s purchase by Infineon Semiconductor in a $9bn deal. This announcement includes “'forward-looking statements.” These statements contain the words “anticipate,” “believe,” “intend,” “estimate,” “expect”, “expected” “”target”, “aims”, “will“ and words of similar meaning. 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. 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. Based on pro forma revenues of €10 billion in FY 2018, the transaction will make Infineon the number eight chip manufacturer in the world. Reinhard Ploss, CEO of Infineon, said: “The planned acquisition of Cypress is a landmark step in Infineon’s strategic development. Combining these technology assets will enable comprehensive advanced solutions for high-growth applications such as electric drives, battery-powered devices and power supplies. Infineon Technologies has announced the closing of the acquisition of Cypress Semiconductor, which it said will strengthen its focus on structural … 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. The integration of Cypress is a major step for Infineon and a unique opportunity for our customers. 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. 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. Cypress expects to continue its quarterly cash dividend payments until the transaction closes. Bank of America Merrill Lynch also acted as financial advisor. Microelectronics from Infineon is the key to a better future. 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. Its product range is a perfect match. Customer Service Support +1-800-541-4736 Hours: 8:00AM - 5:00PM (local time) Create a MyCase Cypress Developer Community. The funding of the acquisition is fully underwritten by a consortium of banks. Kirkland & Ellis LLP and Freshfields Bruckhaus Deringer LLP are acting as legal advisors to Infineon. > Company 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. Specific factors that could cause actual results to differ from results contemplated by forward-looking statements include, among others, the occurrence of any event, development, condition, state of facts, change, effect or other circumstances that could give rise to the termination of the Merger Agreement, the inability to complete the Merger due to the failure to obtain stockholder approval for the Merger or the failure to satisfy other conditions to completion of the Merger, including that a governmental authority may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks regarding the failure of Parent to obtain the necessary financing to complete the Merger; risks related to disruption of management’s attention from Cypress’ ongoing business operations due to the transaction; the effect of the announcement of the Merger on Cypress’ relationships, operating results and business generally; the risk that certain approvals or consents will not be received in a timely manner or that the Merger will not be consummated in a timely manner; the risk of exceeding the expected costs of the Merger; adverse changes in U.S. and non-U.S. governmental laws and regulations; adverse developments in Cypress’ relationships with its employees; capital market conditions, including availability of funding sources for Cypress; changes in Cypress’ credit ratings; risks related to Cypress’ indebtedness, including Cypress’ ability to meet certain financial covenants in Cypress’ debt instruments; the risk of litigation, including stockholder litigation in connection with the proposed transaction, and the impact of any adverse legal judgments, fines, penalties, injunctions or settlements; and volatility in the market price of Cypress’ stock. The transaction has been approved by the Cypress shareholders and all required regulatory clearances have been obtained. Both conferences will also be available live and for download on Infineon’s website at www.infineon.com. With Cypress Semiconductor’s Merger Drama Ending, It May Offer Way to Offset Market Turbulence For German chipmaker Infineon, there’s still one more small hurdle to … In connection with the proposed transaction, Cypress intends to file a proxy statement and other relevant materials with the SEC in connection with the solicitation of proxies in connection with the proposed transaction. Morgan Stanley is acting as exclusive financial advisor to Cypress, and Simpson Thacher & Bartlett LLP is serving as legal counsel. 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. On Infineon ’ s website at www.infineon.com in Semiconductor solutions that make life easier, and., an Infineon Technologies AG announced and issued the following press release that Infineon implemented acquisition. A MyCase Cypress Developer Community resulting in an increasing free cash flow margin the integration of Cypress for applications... And Freshfields Bruckhaus Deringer LLP are acting as legal counsel: +1-408-943-2600 be followed over Internet. Technologies Company / U.S.A. Cypress is a world leader in Semiconductor solutions make! 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