Cypress deal going well

Infineon expects to meet its lowered guidance for the year to September after posting third quarter sales and profit in line with market expectations.

No  second half recovery this year

US chipmaker Broadcom warned a US-China trade conflict and export restrictions on Huawei were causing a worldwide slowdown in demand for chips.

Shareholders worried at more than 9 billion euro price tag.

Infineon has agreed to buy Cypress Semiconductors in a 9 billion euros including debt, sending shares in the German company lower on concerns over the cost.

Hurting profit margins

German chipmaker Infineon said that a slump in demand had led to an inventory pile-up that would only plateau this summer, keeping the pressure on profit margins.

Crunch that!

Infineon said that a machine called Sub1 Reloaded solved Rubik’s Cube in 637 milliseconds - the fastest recorded time for a human to solve the puzzle in 4.9 seconds.

Japanese government to block the deal

A chance for the chipmaker Renesas to be acquired by Germany's Infineon is likely to be squashed by the Japanese government.