Infineon Technologies AG (OTCPK:IFNNY)

$ 33.55 0.13 (0.39%) Market Cap: 43.53 Bil Enterprise Value: 47.21 Bil PE Ratio: 19.31 PB Ratio: 2.29 GF Score: 96/100

Infineon Technologies AG to Acquire Cypress Analysts and Investors Call Transcript

Jun 03, 2019 / 06:15AM GMT

Release Date Price: $16.51 (-7.09%)

Transcript

Alexander Foltin

Infineon Technologies AG - Head of IR

Thank you, operator. And good morning, everyone, welcome to this short notice conference call, where we have exciting news to share on this early Monday morning. Infineon has just signed a definitive agreement to acquire Cypress Semiconductor Corp. We want to provide you the key parameters of the transaction and talk about its strategic and financial rationale.

Here together with me in Munich is the entire Infineon Management Board. Our CEO, Reinhard Ploss; as well as Sven Schneider, CFO; Jochen Hanebeck, COO; and Helmut Gassel, CMO. Reinhard and Sven will start with introductory remarks. We will then open the call to your questions. In addition, we have posted a slide deck about the deal on our Investor Relations web page.

Reinhard, please go ahead.

Reinhard Ploss

Infineon Technologies AG - Chairman of Management Board, CEO, Head of Research & Development and Labor Director

Thank you, Alexander. In our announcement shortly ago, we called the acquisition of Cypress, a landmark step

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