1.   

On 11 September 2019, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	Infineon Technologies AG (‘Infineon’) (Germany),

—	Cypress Semiconductor Corp. (‘Cypress’) (USA).

Infineon acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Cypress Semiconductor Corp. (‘Cypress’).

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are:

—   For Infineon: design, manufacture and distribution of a wide range of semiconductors and power semiconductors, including inter alia, transistors, drivers, diodes, microcontrollers (including embedded control, radio-frequency and sensors), for a wide range of applications,

—   For Cypress: manufacture and supply of embedded systems solutions for automotive, industrial, consumer and enterprise end markets. Cypress' product portfolio includes microcontrollers, analog integrated circuits, wireless and wired connectivity solutions and memory products.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9466 — Infineon/Cypress

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË