German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semic...
FILE PHOTO: Shareholders arrive for the annual meeting of German semiconductor manufacturer Infineon in Munich, southern Germany, February 16, 2017. REUTERS/Michaela Rehle
- German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp, valuing the U.S. chipmaker at almost $10 billion, Bloomberg reportedInfineon will pay between $23-$24 a share for Cypress Semiconductor, Bloomberg reported, citing two people familiar with the matter. The offer is at a premium of about 50% from when Bloomberg reported last week that Cypress Semiconductor was exploring options after receiving takeover interest.Reporting by Rishika Chatterjee in Bengaluru; Editing by Rashmi Aich
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