Introduction

Cypress (NASDAQ: Cypress CY) provides high-performance, high-quality solutions at the heart of today's most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile product devices with a broad, differentiated product portfolio, including NOR flash memory, F-RAM™ and SRAM, Traveo™ microcontrollers, and more. It is the industry's only product for PSoC® programmable system-on-chip solutions, analog and PMIC power management ics, CapSense® capacitive touch sensing controllers, and wireless Bluetooth BLE low energy and USB connectivity solutions. On June 3, 2019, Infineon announced that it would acquire Cypress for $23.85 per share in cash for a total value of €9 billion (approximately $10 billion), at which time it was expected that the deal would officially close in late 2019 or early 2020.