|Bid||21.68 x 427900|
|Ask||21.69 x 8100|
|Day's Range||21.42 - 21.99|
|52 Week Range||10.13 - 23.07|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||34.87|
|Earnings Date||Aug 04, 2020|
|Forward Dividend & Yield||0.27 (1.28%)|
|Ex-Dividend Date||Feb 21, 2020|
|1y Target Est||23.20|
Europe's second top court on Wednesday cut Infineon Technologies' cartel fine by 7% to 76.87 million euros ($86.7 million), saying that the German chipmaker had fewer anti-competitive contacts with other cartel members than EU antitrust regulators had said. The European Commission had in 2014 imposed a total fine of 138 million euros on Infineon, Philips and Samsung Electronics for taking part in a cartel between 2003 and 2005. Infineon's penalty at 82.78 million euro ($93.3 million) was the biggest.
With the acquisition of Cypress Semiconductor Corporation, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) enhances its expertise in memory solutions. Infineon today announced the addition of Semper Secure to its award-winning Semper NOR Flash memory platform. Based on Semper NOR Flash’s field-proven and robust smart memory architecture, Semper Secure NOR Flash is the first memory solution to combine security and functional safety in a single NOR flash device to deliver the security, safety, and reliability required for the most advanced connected automotive, industrial, and communications systems.
German chipmaker Infineon Technologies raised about 1.06 billion euros ($1.16 billion) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday. Infineon said its share capital would be raised by about 4% after a private placement with institutional investors, adding that the shares were priced at 19.30 euros apiece. The company closed the acquisition of Cypress Semiconductor in April, coupling its own prowess in managing electric drivetrains with Cypress's superior connectivity in areas such as in-car entertainment.
Goldman Sachs (NYSE:GS) analyst Alexander Duval maintained a Hold rating on Infineon (OTC:IFNNY) Technologies AG on Monday, setting a price target of EUR18.5, which is approximately 1.54% above the present share price of $18.22.
Moody's Investors Service, ("Moody's") rated NXP B.V.'s ("NXP") new tranches of senior unsecured notes due 2025 and 2027 ("New Notes") and the senior unsecured notes due 2030 ("New Green Notes") at Baa3. NXP has labeled the New Green Notes as Green Bonds and plans to fund eligible green projects (as defined in the bond indenture) over time in an amount equal to the net proceeds of the New Green Notes. The issuance of the New Bonds and New Green Bonds would initially raise leverage from 2.9x debt to EBITDA (year ended December 31, 2019) to about 3.6x, which would decline to 3.1x upon the redemption of the Senior Notes due 2021.
(Bloomberg Opinion) -- For years, technologists have been talking about smarter cars packed with sensors, chips and supercomputers that can replace human drivers.That was enough to get investors excited about the future of automotive semiconductors. An earnings report from NXP Semiconductors NV late Monday reminds us of one slight flaw in the plan: People need to actually buy cars.The Dutch company said revenue will drop approximately 20% this quarter to around $1.8 billion. The figure is in line with estimates that analysts slashed by 23% over the past eight weeks. NXP cut its first-quarter revenue estimate at the start of March, only to fall short of that mark. The company forecast a second-quarter operating loss of as much as $237 million, versus an estimated deficit of $169 million.So far this year, much of the attention in semiconductors has been on whether smartphones are a necessity — Xiaomi Corp. thinks so, I disagree — and whether work-from-home and streaming demand will drive server sales enough to make up for the drop in consumer spending. The outlook from Taiwan Semiconductor Manufacturing Co. suggests otherwise.NXP, however, is playing in a different arena: It got 47% of its revenue from automotive clients last year. The company said Monday that it was “navigating a challenging and very fluid environment.” That’s an understatement. After a 4.5% decline in global automobile shipments in 2018 and a 3.9% drop last year, hopes that the industry might avoid a third year of contraction are out the window as the Covid-19 pandemic hits demand and supply.NXP isn’t alone. Germany’s Infineon Technologies AG gets 43% of its revenue from the auto sector. This month, the company completed its $9.3 billion(1) acquisition of California’s Cypress Semiconductor Corp. You’ll never guess which sector accounts for 39% of that company’s business. Forgive Infineon shareholders if they start to feel that the 47% premium they paid for Cypress might be a little steep. Ironically, shareholders seem to be forgiving management, with the stock rebounding from a mid-March low to be 30% off its February peak, and back to where it was in early October.Bloomberg Intelligence senior analyst Anand Srinivasan has been ahead of the curve. He predicted two weeks ago that the then-consensus estimate for a 4% decline in NXP revenue this year was conservative, and that 6% might be more realistic. Today, data on the Bloomberg terminal points to a 10% drop, the worst since the financial crisis in 2009.At Infineon, analysts are looking at a 7% drop in sales for the year ending Sept. 30. That may also be conservative.Xiaomi may believe that smartphones are a must-have, and Apple Inc. certainly hopes that its new iPhone SE will find favor even among tight-fisted consumers. But with a global recession on the way, you’d have to be Elon Musk to believe that the auto sector, and the chipmakers that supply them, are going to survive with only minor bruising.(1) Equity plus debt in an all-cash dealThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sectigo, a leading provider of automated digital identity management and web security solutions, today announced a partnership with Infineon Technologies AG to provide automated certificate provisioning for Infineon's OPTIGA™ Trusted Platform Module (TPM) 2.0 using Sectigo IoT Identity Manager. The integration provides manufacturers with a complete certificate management solution, including issuance and renewal, starting right on the factory floor, with secure certificate creation and insertion using the OPTIGA™ TPM for private key storage.
S&P; SmallCap 600 constituent LHC Group Inc. (NASD: LHCG) will replace Cypress Semiconductor Corp. (NASD: CY) in the S&P; MidCap 400, and YETI Holdings Inc. (NYSE: YETI) will replace LHC Group in the S&P; SmallCap 600 prior to the open of trading on Friday, April 17. Infineon Technologies AG (XETR: IFX, PINX: IFNNY) is acquiring Cypress Semiconductor in a transaction expected to be completed soon pending final conditions.
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is playing a vital role to support the manufacturing of ventilator devices. Power semiconductors from Infineon are essential to reliably and efficiently control the motor of the ventilators, including those manufactured by a global leader in medical devices, ResMed.
Moody's Investors Service, ("Moody's") affirmed NXP B.V.'s ("NXP") Baa3 senior unsecured rating following a review of the company's credit profile considering NXP's large exposure to the automotive industry, which has reduced vehicle production levels due to the coronavirus pandemic. The ratings affirmation reflects NPX's resilient credit profile to the potentially significant weakening in automotive end market revenues in 2020. The credit profile benefits from NXP's limited capital intensity, which supports free cash flow ("FCF") generation, excellent liquidity, and a conservative financial policy, with adjusted debt to EBITDA of 2.9x (year ended December 31, 2019).
Infineon Technologies said on Tuesday that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal. The German chipmaker announced the $10 billion takeover last June but the deal took longer than expected to reach the finish line as it underwent a U.S. review of its national security implications. The transaction, which will create a leader in automotive powertrain and in-car systems, is being funded with cash and committed acquisition financing from banks, Infineon said in a statement.
First introduced at Intersolar Europe 2019, Sungrow offers the SG250HX PV string inverter that features a high capacity of 250 kW. On board: customized EasyPACK™ 3B power modules from Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), equipped with the latest TRENCHSTOP™ and CoolSiC™ chip technologies. Supporting a high voltage of 1500 VDC and 800 VAC, the Sungrow SG250HX string inverter offers a maximum of 99 percent efficiency.
Unfortunately for some shareholders, the Infineon Technologies (ETR:IFX) share price has dived 35% in the last thirty...
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
(Bloomberg) -- Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a small step forward for deals in an industry where regulatory and security concerns have stalled consolidation. Shares of both companies surged.“CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns,” Cypress said in a statement Monday. Infineon, based in Munich, also confirmed the approval.The combination still needs sign-off from China’s State Administration for Market Regulation, the companies said.“The most critical hurdle to overcome was CFIUS,” said Holger Schmidt, an analyst at Metzler. “While China pretty much killed the Qualcomm/NXP deal it is important to remember that was in the midst of the trade war between the US and China.” Schmidt added he’s “cautiously optimistic” that the Infineon deal will be approved.Shares of San Jose, California-based Cypress surged more than 40% in extended trading following the announcement. Infineon rose 2.4% to 16.19 euros at 9:09 a.m. in Frankfurt on Tuesday after earlier gaining as much as 6.2%.Semiconductor deals have slowed in recent years because of a U.S.-China trade war and concern among some American policy makers that China is pursuing illicit means to acquire key technology. The attempt to buy Cypress by a German company is seen as a important test of how far the Trump administration is willing to go to curb China’s ambitions. Bloomberg News reported last week that some U.S. national security officials had recommended that President Donald Trump block the transaction.Still, Trump has made some conciliatory statements recently. In a string of tweets last month, the President said that he wants to make it easy for other countries, including China, to do business with the U.S. and keep the lines of trade open.Other industry deals are still in limbo. Santa Clara, California-based Nvidia Corp. is waiting for Chinese approval of its acquisition of Israel’s Mellanox Technologies Ltd. Nvidia executives have said that they expect the transaction to close in the first half of this year. But investors are still concerned that geopolitics may stifle such consolidation.Qualcomm Inc. decided to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV in 2018 after an almost two-year wait for approval.To contact the reporters on this story: Ian King in San Francisco at email@example.com;Sarah Syed in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, ;Giles Turner at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp. Infineon shares opened up 6.1%, regaining some ground lost on a report last week that the Committee on Foreign Investment in the United States (CFIUS) had advised President Donald Trump to block the deal on national security grounds. CFIUS, a body led by the U.S. Treasury, informed Cypress that it had determined "there are no unresolved national security concerns" with the merger, the San Jose, California-based company said in a statement.
Should U.S. regulators block the Cypress/Infineon deal on national security grounds, China could respond by blocking M&A; transactions involving U.S. acquirers.
Semiconductor maker and designer Cypress Semiconductor plunges amid reports the Trump administration may block Infineon Technologies' proposed $8.7 billion takeover bid.
(Bloomberg) -- President Donald Trump ordered the Chinese acquisition of a hotel property management software company reversed on national security grounds.Trump ordered Beijing Shiji Information Technology Co. to unwind its 2018 acquisition of StayNTouch Inc., the White House said in a statement on Friday.Trump said there was “credible evidence” the Chinese company “might take action that threatens to impair the national security of the United States.”The order marked the third time Trump has blocked a foreign takeover of a U.S. company on national security grounds, and just the sixth time a U.S. president has done so in three decades.The Trump administration has ramped up scrutiny of Chinese acquisitions of American businesses over risks to national security. The panel that reviews foreign investments in U.S. firms, the Committee on Foreign Investment in the U.S., has thwarted a number of Chinese deals, especially for technology companies.CFIUS has raised security concerns about Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., and has recommended the Trump block it, Bloomberg News reported on Thursday.The Trump administration previously blocked a Chinese deal for Lattice Semiconductor Corp. and Broadcom Inc.’s hostile bid for Qualcomm Inc. Although Broadcom was based in Singapore at the time, the administration cited fears that the deal would harm innovation by Qualcomm and give China an edge in developing wireless technology.Beijing Shiji provides software for the hospitality, food service, retail and entertainment industries. The White House order doesn’t specify the national security risks at issue, but said Beijing Shiji is prohibited from accessing hotel guest data through StayNTouch, which is based in Bethesda, Maryland.(Updates with order in fourth paragraph.)\--With assistance from Jenny Leonard.To contact the reporter on this story: David McLaughlin in Washington at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, Ros KrasnyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- U.S. officials are dragging Europe’s technology industry more deeply into a trade war with China, threatening the region’s ability to create its own semiconductor giants.The Committee on Foreign Investment is urging President Trump to block Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp., claiming it poses a risk to national security, Bloomberg News first reported Thursday. Although it wasn’t clear what spooked Cfius, both Infineon and Cypress have Chinese customers including Huawei Technologies Co. Cfius is sensitive about deals allowing Chinese buyers to get their hands on advanced American technology.QuickTake: All About CFIUS, Trump’s Watchdog on China DealmakingEurope’s tech firms have tried to stay neutral in the power struggle. Semiconductor makers said earlier this year that they’d keep supplying Huawei after after a Trump’s administration order in May demanding U.S.-based companies stop. At the time a spokesman for Infineon said the majority of products it delivers to Huawei were not subject to U.S. restrictions.In recent months European lawmakers have pushed back against Trump’s calls to cut Huawei out of European telecom infrastructure. The U.K., France, and Germany are all looking to keep the door open to the Chinese telecom giant in some way, nubbing the U.S. view that Huawei could be a security risk. Italy, Croatia, Hungary and Switzerland have signed partnerships with Huawei.Huawei is Infineon’s sixth-largest customer accounting for about 2.4% of sales, according to supply chain data compiled by Bloomberg. Other Chinese buyers of Infineon products include iPhone-assembler Hon Hai Precision Industry Co. and Tencent Holdings Ltd.“Obviously national security considerations are very important,” said Keily Blair, Partner at law firm Orrick. “It would be good to see an evidence-based approach in the U.S., similar to what we have seen in the U.K. with Huawei.”In 2017, Cfius blocked Infineon’s proposed deal for Wolfspeed, a semiconductor unit of U.S.-based Cree Inc. Aixtron SE’s planned sale to a Chinese-backed company collapsed in 2016 after U.S. opposition. Trump has also blocked Broadcom Inc.’s hostile takeover of Qualcomm Inc.“We have always been less sure about the regulatory approvals than Infineon management,” said Citigroup Inc. analyst Amit Harchandani, “given the number of recent cross-border deals failing to clear the regulatory hurdle.”The U.S. is also trying to dictate who European firms do business with. Dutch chip gear-maker ASML Holding NV has had difficulty renewing an export license to China following U.S. political pressure. The company wants to sell equipment to China that would help the company produce its own next-generation chips and help it wean itself off foreign imports.In January, U.S. ambassador to the Netherlands Pete Hoekstra told Dutch newspaper Het Financieele Dagblad that ASML’s technology “doesn’t belong in certain places,” suggesting China. The Chinese ambassador, Xu Hong, had warned days earlier in the same paper that the relationship between the Netherlands and China was at risk if the government blocks EUV machine exports.Other European tech deals are now in focus. British chip designer Dialog Semiconductor is another key figure in the European tech supply chain with Chinese customers and American acquisition targets. In February, it said it’d agreed to buy Santa Clara, California-based Adesto Technologies Corp. for about $380 million.Dialog’s biggest customer is Apple Inc., but Huawei is its third-largest with an exposure of about 2.1%. Dialog CEO Jalal Bagherli declined to comment when contacted by Bloomberg on Friday.Although Cypress’s share price has collapsed following the report that Cfius is interested in the deal, some analysts believe all is not lost. “We believe mitigation conditions might still be an option and it would be premature to assume the deal is off,” said Citi’s Harchandani.“We believe worst-case we have a delay until the closing,” Vijay Rakesh, analyst at Mizuho Sescurites, said. A “potential delay or divestiture would be par for the course, but we see deal as mostly consummated.”\--With assistance from Nate Lanxon.To contact the reporters on this story: Giles Turner in London at email@example.com;Sarah Syed in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Nate Lanxon, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) worked with Qualcomm Technologies, Inc. to develop a reference design for 3D authentication based on the Qualcomm® Snapdragon™ 865 Mobile Platform further extending Infineon's application portfolio of 3D sensor technology for mobile devices. The reference design uses the REAL3™ 3D Time-of-Flight (ToF) sensor and enables a standardized, cost-effective and easy-to-design integration for smartphone manufacturers. Infineon's 3D ToF sensor technology has a proven four year track record in the mobile device market. At the CES 2020 in Las Vegas, the company introduced the world's smallest (4.4 mm x 5.1 mm) yet most powerful 3D image sensor with VGA resolution. It meets the highest requirements for face authentication, enhanced photo features and authentic augmented reality experiences.
Two-year U.S. Treasury yields have dropped almost 85 bps in the past two weeks – their biggest two-week drop since 1987. The slide in U.S. Treasury yields further eroded the dollar's interest rate advantage.
(Bloomberg) -- U.S. national security officials are recommending that President Donald Trump block Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., according to people familiar with the matter.The officials are concerned that Infineon’s $8.7 billion deal for the American chipmaker poses a risk to national security, said three people familiar with the matter. Infineon, a German semiconductor maker with substantial Chinese revenue, has tried to negotiate an agreement with the government that would let the takeover proceed, but hasn’t been able to reach a deal, one of the people said. All of the people asked not to be named discussing a national security matter.It wasn’t clear why officials with the Committee on Foreign Investment in the U.S., which reviews foreign takeovers of U.S. businesses, see a national security risk from the deal. The panel, however, is particularly sensitive to any transaction that could allow Chinese buyers to get their hands on advanced American technology.Read more: About CFIUS, Trump’s Watchdog on China Deals: QuickTakeCypress shares fell as much as 21% earlier before closing down 17.4 percent at $19.18. The shares dropped an additional 10% in extended trading on Thursday. Infineon fell as much as 5% in trading in Frankfurt on Friday.Cfius, which is led by the Treasury Department, can recommend the president block deals to protect national security. Congress gave the panel enhanced powers in 2018 to scrutinize foreign investment in U.S. companies.The Cypress deal would catapult Infineon into the top 10 of global chipmakers based on sales. Infineon derives a third of its sales from China, according to data compiled by Bloomberg.The White House’s National Security Council and Cypress declined to comment. Infineon didn’t immediately respond to requests for comment. Cfius as a policy never comments on its reviews.Infineon told investors on an earnings call last month that it was negotiating a potential settlement for the deal.“We have a very good understanding about the requirements of U.S. government, what they expect and we are working together with them in order to resolve that,” Infineon Chief Executive Officer Reinhard Ploss said. “Our expectation is that we find a setup, which is supporting our revenue synergies.”Cypress, based in San Jose, sells components to the defense industry, although its products are not considered particularly sensitive. The company’s website highlights several offerings that are either suitable or designed for aerospace and defense customers, including “defense grade memory” parts that can “withstand military operating temperature ranges.”The Trump administration has toughened its review of foreign acquisitions of U.S. businesses, particularly technology companies. Trump has blocked two takeovers on national security grounds, Broadcom Inc.’s hostile takeover of Qualcomm Inc. and Lattice Semiconductor Corp.’s sale to a Chinese-backed investor.In 2017, Infineon tried to buy Wolfspeed, a semiconductor unit of U.S.-based Cree Inc., but the the deal was blocked by Cfius. Wolfspeed manufactures a type of semiconductor increasingly used in telecommunications and radar systems.(Updates with Cypress, Infineon shares in fourth paragraph)\--With assistance from Ian King and Joshua Fineman.To contact the reporters on this story: Saleha Mohsin in Washington at firstname.lastname@example.org;David McLaughlin in Washington at email@example.com;Jenny Leonard in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, ;Alex Wayne at firstname.lastname@example.org, ;Margaret Collins at email@example.com, Paula Dwyer, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.