US clears Infineon's US$10 billion takeover of Cypress

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US clears Infineon's US$10 billion takeover of Cypress

No national security concerns with swoop by German chipmaker Infineon Technologies.

Shares in Cypress Semiconductor Corp jumped in after-hours trade on Monday after the company said US officials found no national security concerns with its proposed US$10 billion takeover by German chipmaker Infineon Technologies. The Committee on Foreign Investment in the United States (CFIUS) ...

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