Infineon Completes Acquisition of Cypress Semiconductor
(This content is a Japanese translation of a letter issued in Germany on April 16)
Dear Customer,
Infineon Technologies (“Infineon”) is pleased to announce the completion of its acquisition of Cypress Semiconductor Corporation (“Cypress”). This acquisition is a major step in Infineon's growth strategy and we believe it will provide valuable advantages for everyone. By combining the strengths of both companies, we are able to offer the industry's most comprehensive portfolio of outstanding hardware, software and security solutions for the age of everything connected, for the convergence of the physical and digital worlds. rice field. In addition, we believe that you will be able to enjoy the expanded global network, shortened time to commercialization, and design-in system that meets your needs through this acquisition.
Our top priority is to provide you with a high standard of service every day. To ensure a smooth transition to the post-acquisition integration process, dedicated Cypress and Infineon teams have spent the last several months preparing for Post-Merger Integration (PMI). Like many companies around the world, the Company are currently facing an unprecedented situation caused by the coronavirus. Therefore, it is imperative that we take action to protect our employees and our business. The speed and scope of integration will be adjusted in response to this pressing challenge. Business continuity is a priority in the Cypress acquisition. We will do everything we can to ensure delivery to our customers and the stability of our supply chain. There will be no changes to communication with customers for the time being. Contacts and procedures for Infineon and Cypress remain the same. We will contact you without delay in the event of any changes. We will continue to cherish our relationships with our customers and distributors as we have in the past.
Controlling the spread of coronavirus is an absolute priority for the foreseeable future. Now, we all need to work together and do everything we can to overcome this difficult situation and stabilize our business. After that, by creating a new organizational structure, we will maximize the profit that the acquisition will bring. While maintaining the strengths of both companies' corporate cultures, organizational structures, and business processes, we will make every effort to leverage each other's strengths to provide even more attractive products and services to our customers. .
Today, I would like to take this opportunity to express my gratitude to all of you for reaching this important milestone. The footprints of growth described here would not have been possible without your trust. We are looking forward to welcoming the next stage together with all of you in the future.
Chief Marketing Officer
Dr. Helmut Gassel