Reuters Technology Report: Infineon digs deep to buy Cypress in $10 billion deal

Click to View in Browser Monday, June 3, 2019 Infineon digs deep to buy Cypress in $10 billion deal Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company lower on concerns over the cost. Amazon brings online sellers to UK high street in pop-up stores Online retail giant Amazon said it would open pop-up shops in Britain to give more than 100 small online businesses an opportunity to sell on the high street for the first time. Infineon expects to keep investment grade rating after Cypress deal Infineon Technologies expects to keep its investment grade credit rating after its 9 billion euro ($10 billion) agreed acquisition of U.S. Cypress Semiconductor, Chief Financial Officer Sven Schneider said on Monday. SoftBank's service to help power self-driving buses, farm machinery Japan's SoftBank Corp said on Monday it will launch a service this year that would use satellite navigation data and the telco's mobile base stations to help power self-driving buses, drones and farm machinery. Britain listens to the United States on Huawei, foreign minister says Britain takes careful notice of what the United States says on the risks of using Huawei in 5G networks and does not want to be overly dependent on a third country for certain technologies, Foreign Secretary Jeremy Hunt said on Monday. Eurofins Scientific detects ransomware in some of its IT systems Food and biopharma product testing company Eurofins Scientific said on Monday that some of its IT systems were affected by a form of ransomware during the weekend. China ministry will issue 5G licenses for commercial use in near future: Xinhua China's Ministry of Industry and Information Technology (MIIT) will roll out commercial 5G licenses "in the near future", Xinhua said. China's Huawei to sell undersea cable business, buyer's exchange filing shows Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer's filing on Monday, in its first major asset sale since the United States ratcheted up accusations of the Chinese firm being a vehicle for espionage. Huawei trade secrets lawsuit opens in Texas amid spying allegations Huawei Technologies, the Chinese telecommunications equipment supplier fighting a U.S. sales ban, kicks off a trade secrets lawsuit in the United States on Monday against a former employee who has sought to turn the case into a referendum on Huawei's corporate behavior. Google says issues affecting YouTube, Gmail, Google Cloud in U.S. resolved Alphabet Inc's Google said on Sunday it had resolved the network congestion in the eastern United States that affected services in Google Cloud, G Suite and YouTube. Related Video Finnish mass casualty exercise tests life-saving tech Flying vehicle touted as Southern California traffic tonic Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook