The Committee on Foreign Investment of the US (CFIUS), which reviews foreign takeovers of US businesses, said it has found no reason to object to the takeover of Cypress Semiconductor by Infineon for EUR 9.0 billion. Reports said earlier that the committee was recommending the US government block the acquisition due to national security risks. Infineon generates part of its revenues in China. However, as CFIUS completed its review of the deal, it noted there were no unresolved national security concerns.
The takeover is still subject to regulatory approval from China's State Administration for Market Regulation and other closing conditions.
