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Stock impact report

Infineon’s Planned Takeover of Cypress Semiconductor Is in Serious Trouble [The Motley Fool]

INFINEON TECHS AG S/ADR (IFNNY) 
NASDAQ:AMEX Investor Relations: infineon.com/cms/en/about-infineon/investor
Company Research Source: The Motley Fool
Last June, German chipmaker Infineon ( OTC:IFNNY Cypress Semiconductor NASDAQ:CY However, Cypress' stock recently gave up those gains after national security officials at the Committee on Foreign Investment in the U.S. (CFIUS) recommended that President Trump block the deal. According to Bloomberg Cypress sells chips to defense companies, including "defense grade memory" that can withstand "military operating temperature ranges." However, these chips don't include any sensitive technologies that aren't offered by other chipmakers. Image source: Getty Images. CFIUS previously blocked Infineon's bid for Cree Broadcom Qualcomm Lattice Semiconductor (NASDAQ: LSCC) That track record indicates that Infineon's bid could be doomed, but did investors overreact by selling their shares of Cypress? Let's see how Cypress is doing as a stand-alone company, and whether or not its sell-off represents a buying opportunity for long-term investors. What does Cypress do? Cypress operates two main divisio Show less Read more
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