Monday, 3 June 2019

Bamberg-born Reinhard Ploss' Infineon to Acquire AMD-Alumni Formed Cypress Semiconductor for $10bn

This makes Infineon the top automotive IC supplier in the world.

Last year it bought Siltectra for 125m euro, a 2010-founded specialist in wafer treatment technologies.

Bamberg-born Reinhard Ploss is Chief Executive of Infineon, shares his birthplace of Conrad III of Germany, and studied Process Engineering at the Technical University of Munich.

Cypress Semiconductor has a range of products including NOR flash memories. Oshkosh, Wisconsin born T.J. Rodgers was a founder of Cypress Semiconductor along with other alumni from AMD.

Infineon has an interesting background. It was founded as recently as 1999 and was a spinoff of Siemens AG's semiconductor operations on the premise that public financing for the semiconductor business specifically was more practical than relying on Siemens' internal financial resources.

The subsidiary prior to spinoff was called Siemens Semiconductors.