Infineon revs up auto business with US$10 billion Cypress deal

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Infineon revs up auto business with US$10 billion Cypress deal

Expensive move by Europe's largest chip-maker to expand.

Germany's Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for US$10 billion, in an expensive move by Europe's largest chip-maker to expand further in next-generation automobiles and Internet technologies. Investors swiftly gave the deal a thumbs-down on concerns that ...

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