U.S. Considers Blocking Infineon's Purchase of Cypress
Reports that the Committee on Foreign Investment in the United States (CFIUS) may yet recommend the Infineon Technologies acquisition of Cypress Semiconductor be blocked on the grounds of national security risks have triggered falls in the shares of both companies. But is this just market rumor?
Last month during the company’s analyst call, Infineon CEO Reinhard Ploss intimated that negotiations over the €9 billion (about $10.1 billion) deal were in the final stages. Ploss said Infineon had made progress with antitrust clearances, and that it was in constructive dialog with CFIUS. He had also said, “We have a very good understanding about the requirements of U.S. government, what they expect. And we are working together with them in order to resolve that.”
E-mail This Article | Printer-Friendly Page |
Related News
- Intel Foundry's "No. 1" Customer - U.S. DoD - Targets GAA
- New U.S. Rule Could "Impair" China's AI Progress
- Rubio, Colleagues Urge CFIUS Review of Alphawave Acquisition of U.S. Semiconductor IP Company
- Intel, Micron, and Analog Devices Join MITRE Engenuity's Semiconductor Alliance to Define Principles for Joint Research and Collaboration for a More Resilient U.S. Semiconductor Industry
- U.S. Chops Russia's Access to Integrated Circuits
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing