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Infineon Raises $1.7 Billion in Capital to Fund Its Cypress Deal

Sneha Nahata
Infineon Raises $1.7 Billion in Capital to Fund Its Cypress Deal

German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.