M&A Deal Summary

Cypress Semiconductors Acquires Spansion

On December 1, 2014, Cypress Semiconductors acquired semiconductors company Spansion for 4.0B USD

Acquisition Highlights
  • This is Cypress Semiconductors’ 13th transaction in the Semiconductors sector.
  • This is Cypress Semiconductors’ largest (disclosed) transaction.
  • This is Cypress Semiconductors’ 15th transaction in the United States.
  • This is Cypress Semiconductors’ 6th transaction in California.

M&A Deal Summary
Date 2014-12-01
Target Spansion
Sector Semiconductors
Buyer(s) Cypress Semiconductors
Deal Type Merger
Deal Value 4.0B USD
Advisor(s) Jefferies (Financial)
Fenwick & West LLP
Latham & Watkins (Legal)

Target

Spansion

Sunnyvale, California, United States
website
Spansion, Inc. is a manufacturer, developer, and seller of embedded systems semiconductors. Spansion's flash memory, microcontrollers, analog and mixed-signal products drive the development of faster, intelligent, secure and energy efficient electronics. Spansion is at the heart of electronic systems, connecting, controlling, storing and powering everything from automotive electronics and industrial systems to the highly interactive and immersive consumer devices that are enriching people's daily lives.

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Buyer(S) 1

Buyer

Cypress Semiconductors

San Jose, California, United States

website

Category Company
Founded 1982
Sector Semiconductors
Employees7,100
Revenue 2.4B USD (2018)
DESCRIPTION
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.

Cypress Semiconductor Corporation engineers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress' offerings include its flagship PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. Cypress produces capacitive user interface solutions including CapSense touch sensing, TrueTouch touchscreens, and trackpad solutions for notebook PCs and peripherals. Cypress also produces Universal Serial Bus (USB) controllers. Cypress Semiconductor Corporation was established in 1982 and is headquartered in San Jose, California.

DEAL STATS #
Overall 15 of 16
Sector (Semiconductors) 13 of 13
Type (Merger) 1 of 1
State (California) 6 of 6
Country (United States) 15 of 15
Year (2014) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Cypress Semiconductors - Semiconductor Portfolio

San Jose, California, United States

Cypress Semiconductors Corp. - Semiconductor Portfolio is a provider of semiconductor products and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 Cypress Semiconductor - TrueTouch Mobile Business

California, United States

Cypress's TrueTouch capacitive touchscreen solutions deliver robust performance and a natural user experience in a broad range of challenging environments with best-in-class waterproofing, noise immunity, passive stylus and glove-touch modes, as well as proximity sensing and face detection.

Sell $100M
Mergr

Product

Company

Legal