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Cypress Semiconductor Corp (CY.OQ)

CY.OQ on NASDAQ Stock Exchange Global Select Market

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15 Apr 2020
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Latest Key Developments (Source: Significant Developments)

Cypress Semiconductor Corp Announces Antitrust Clearance In China
Tuesday, 7 Apr 2020 

April 7 (Reuters) - Cypress Semiconductor Corp ::CYPRESS ANNOUNCES ANTITRUST CLEARANCE IN CHINA.EXPECTS MERGER TO CLOSE ON OR ABOUT APRIL 16, 2020, PURSUANT TO TERMS OF MERGER AGREEMENT..  Full Article

Infineon: Final Regulatory Approval For Acquisition Of Cypress Semiconductor
Tuesday, 7 Apr 2020 

April 7 (Reuters) - INFINEON TECHNOLOGIES AG ::ANNOUNCES FINAL REGULATORY APPROVAL FOR ACQUISITION OF CYPRESS SEMICONDUCTOR CORPORATION.TRANSACTION WILL INITIALLY BE FUNDED THROUGH A COMBINATION OF CASH ON HAND AND A COMMITTED ACQUISITION FINANCING FACILITY PROVIDED BY BANKS.WILL USE THE PROCEEDS FROM THE SHARE PLACEMENT AND THE ISSUANCE OF THE HYBRID BOND IN 2019, TOTALING 2.7BN EUR..EXPECTS TO CLOSE THE TRANSACTION WITHIN FIVE BUSINESS DAYS.ACQUISITION FACILITY, WHICH IS SYNDICATED AMONG 20 INTERNATIONAL BANKS, WILL BE DRAWN TO PAY THE REMAINDER OF THE TRANSACTION VALUE.FACILITY MATURITIES RANGE FROM MARCH 2022 UNTIL JUNE 2024 FOR INDIVIDUAL TRANCHES.WILL KEEP LIQUIDITY CORRESPONDING TO ITS TARGET LEVEL OF 1BN EUR PLUS AT LEAST 10% OF SALES ON ITS BALANCE SHEET.  Full Article

Cypress Reports Qtrly Non-Gaap Diluted Eps $0.28
Friday, 31 Jan 2020 

Jan 30 (Reuters) - Cypress Semiconductor Corp ::CYPRESS REPORTS FOURTH QUARTER AND YEAR END 2019 RESULTS.Q4 REVENUE $559.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $563.8 MILLION.QTRLY EARNINGS PER SHARE $0.05.QTRLY NON-GAAP DILUTED EPS $0.28.CYPRESS WILL NOT HOLD AN EARNINGS CONFERENCE CALL AND HAS SUSPENDED PRACTICE OF PROVIDING FORWARD-LOOKING GUIDANCE..  Full Article

Infineon Says To Adjust Guidance After Cypress Acquisition
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Infineon ::SAYS WE WILL ADJUST OUR GUIDANCE AFTER CYPRESS <<>> ACQUISITION; WON'T SAY TODAY INTO WHICH DIRECTION - CALL.SAYS WE DON'T SEE LARGER ACQUISITIONS IN NEAR TERM, SMALLER ACQUISITIONS ARE POSSIBLE.SAYS WE WANT TO KEEP DIVIDENDS STABLE AT LEAST IN FUTURE - CFO.  Full Article

Infineon CEO: Expect Cypress Takeover To Be Completed At End-2019/Start of 2020
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Infineon ::CEO - WE REMAIN OPTIMISTIC THAT TAKEOVER OF CYPRESS <<>> WILL BE COMPLETED AT END OF 2019 OR START OF 2020 - TEXT OF SPEECH.  Full Article

Cypress Reports Second Quarter 2019 Results
Friday, 26 Jul 2019 

July 25 (Reuters) - Cypress Semiconductor Corp ::Q2 NON-GAAP EARNINGS PER SHARE $0.25 .CYPRESS REPORTS SECOND QUARTER 2019 RESULTS.Q2 REVENUE $532.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $530.9 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.QTRLY GAAP LOSS PER SHARE $0.03.DUE TO PENDING TRANSACTION WITH INFINEON TECHNOLOGIES, CYPRESS HAS SUSPENDED PRACTICE OF PROVIDING FORWARD-LOOKING GUIDANCE.  Full Article

Cypress Reports First Quarter 2019 Results
Friday, 26 Apr 2019 

April 25 (Reuters) - Cypress Semiconductor Corp ::CYPRESS REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE $539 MILLION VERSUS REFINITIV IBES ESTIMATE OF $535.2 MILLION.Q1 NON-GAAP EARNINGS PER SHARE $0.05.Q1 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.QTRLY EARNINGS PER SHARE $0.05.QTRLY NON GAAP EARNINGS PER SHARE $0.27.SEES Q2 2019 REVENUE $515 MILLION TO $545 MILLION.SEES Q2 REVENUE $515 MILLION TO $545 MILLION.QTRLY Q2 NON GAAP EPS $0.22 TO $0.26.  Full Article

Cypress Semiconductor Q1 Non-GAAP Earnings Per Share $0.27
Friday, 26 Apr 2019 

April 25 (Reuters) - Cypress Semiconductor Corp ::Q1 NON-GAAP EARNINGS PER SHARE $0.27 .SEES Q2 NON GAAP EPS $0.22 TO $0.26 .CYPRESS REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE $539 MILLION VERSUS REFINITIV IBES ESTIMATE OF $535.2 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.QTRLY EARNINGS PER SHARE $0.05.QTRLY NON GAAP EARNINGS PER SHARE $0.27.SEES Q2 2019 REVENUE $515 MILLION TO $545 MILLION.SEES Q2 REVENUE $515 MILLION TO $545 MILLION.  Full Article

Cypress Semiconductor Corp- Amendment To Waive Mandatory Repayment Of 2016 Term Loans for 2018
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Cypress Semiconductor Corp ::CYPRESS SEMICONDUCTOR - ON SEPT 13, 2018, CO ENTERED INTO AMENDMENT NO. 8 TO AGREEMENT, DATED AS OF SEPTEMBER 13, 2018 - SEC FILING.CYPRESS SEMICONDUCTOR CORP - AMENDMENT TO REDUCE APPLICABLE MARGIN FOR 2016 TERM LOANS.CYPRESS SEMICONDUCTOR CORP - AMENDMENT TO WAIVE ANY EXCESS CASH FLOW MANDATORY REPAYMENT OF 2016 TERM LOANS FOR FISCAL 2018.  Full Article

Semiconductor manufacturers reach deal to supply U.S. defense chips

Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the U.S. defense industry and work on new technology, the companies said on Thursday, as the industry moves toward more U.S. manufacturing.

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