Infineon Completes Acquisition Of Cypress

"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."

Infineon said the addition of Cypress will accelerate the company's path of profitable growth.

Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories, said Infineon. All this is highly complementary to Infineon's leading 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, said Infineon, adding the addition of Cypress' R&D capabilities and its foothold in the US and Japan strengthen Infineon's connections with customers around the world.