Deals
Infineon Agreed to U.S. Security Concessions for Cypress Deal
- Chipmaker entered into security agreement to resolve concerns
- The $8.7 billion deal had faced resistance from security panel
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German chip maker Infineon Technologies AG agreed to national security concessions to resolve U.S. concerns about its takeover of Cypress Semiconductor Corp., according to people familiar with the matter.
The $8.7 billion deal was facing resistance from a secretive government panel that reviews foreign investments in U.S. companies, but was ultimately cleared with agreed-upon measures that are intended to protect national security, the people said.