Mergers & Acquisitions Mergers & Acquisitions

Infineon's Cypress buyout wins Chinese approval, subject to conditions (update*)

By Yonnex Li
  • 07 Apr 2020 06:56
  • 07 Apr 2020 06:56

German chipmaker Infineon has won approval in China for a planned $10 billion takeover of US peer Cypress. MLex has learned that the Chinese clearance is subject to conditions.

The State Administration for Market Regulation, or SAMR, approved the acquisition after the companies made certain behavioral commitments, it is understood. SAMR has yet

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Yonnex Li

Chief Correspondent, Greater China

Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management industry as well as currency and financial reforms.

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