Deals

Infineon Nears Deal to Buy Cypress Semiconductor

Transaction likely to value Cypress at $10 billion with debt
German chipmaker could pay $23 to $24 per share for Cypress

Chipmaker Infineon Technologies AG's Auto Components — Photographer: Chris Ratcliffe/Bloomberg

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By Liana Baker, Ian King, and Ed Hammond

June 2, 2019 at 9:14 PM EDT

Updated on

June 3, 2019 at 12:41 AM EDT

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Infineon Technologies AG is close to a deal to acquire Cypress Semiconductor Corp., according to people familiar with the matter.

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Before it’s here, it’s on the Bloomberg Terminal