Infineon Technologies AG and Cypress Semiconductor Corp. announced today that they have signed a definitive agreement, and Infineon will be on a per share basis. Span>23.85US Dollar Cash Acquisition Saip Russ, the total business value is 90100 million euros (合合100 billion dollars).

The two sides are highly complementary in terms of technology, which will further expand our market potential in high-growth markets such as automotive, industrial and Internet of Things.

Infineon will be on a per share23.85 USD acquisition of Cypress, Total value is 90100 million euros.

to2022At the end of the year, the acquisition will generate1.8Everth cost synergy of billions of euros; in the long run, annual revenue synergies will reach15100 million euros.

The transaction is expected to be2019 Year-end or 2020< Span style="font-size:14px;line-height:2;">Completed at the beginning of the year; expected to bring profitable appreciation in the first full fiscal year after the transaction is completed.

Future target operating model after integration: 9%The above revenue growth,19% operating margin and 13%Investment sales ratio.

In automotive semiconductors, microcontrollers and NORThe expanded combination of flash memory will provide great potential, especially in advanced driver assistance systems and automotive new electronic architecture applications. More and more important. Infineon CEOReinhard PlossRepresentation:"”

Infineon said that after the acquisition of Cypress, it will strengthen the core of promoting structural growth and apply the company's technology to a wider range. field of. This will accelerate the foundation for strengthening the company's profit growth in recent years. Cypress has a differentiated portfolio of microcontrollers, software and connectivity components that complements Infineon's leading power semiconductor, sensor and security solutions. Combining the technical assets of both parties will provide a more comprehensive and advanced solution for high-growth applications such as electric motors, battery-powered devices and power supplies. Infineon's security expertise combined with Cypress's connectivity technology will enable the company to accelerate its entry into new IoT applications in the industrial and consumer markets.

"With this transaction, we will be able to offer our customers the most comprehensive product portfolio that connects the real world to the digital world. This will be for cars, Industry and IoT areas bring additional growth potential. This transaction also makes our business model more flexible. We look forward to Cypress's new colleagues joining Infineon. We will continue to work together on innovation and key R&D investments. To accelerate technological advancement. "Infineon CEOReinhard PlossThis is said.

Cypress President and CEOHassane El-KhouryExpress:"The Cypress team is happy to work with Infineon to take advantage of connectivity and computing needs in the next technology wave The multi-billion dollar opportunity brought about by the massive growth. This announcement not only demonstrates the strength of our team's industry-leading solutions on a global scale, but also demonstrates the goals that our two great companies can achieve together. We will work together to achieve even greater Secure, seamless connectivity and a more complete set of hardware and software to enhance customers' products and technologies in the end market. In addition, the strong fit of our two companies will bring more opportunities to our customers and employees.