Investing in this semiconductor maker makes a surprising amount of sense, even though there's a firm all-cash buyout going on.
News & Analysis: Cypress Semiconductor
Adding the California chipmaker to its portfolio is all about preparing for the growth of electric vehicles and other connected things.
Tech stocks were hammered on regulatory concerns. Meanwhile, Cypress Semiconductor is being acquired, and Merck reported strong survival rates in a lung cancer trial.
Infineon is acquiring Cypress, but the former's shareholders are skeptical.
Markets were mixed on Monday morning.
Rumor has it that the microchip maker is looking for a buyer, with at least one solid offer already on the table.
These stocks managed to overcome a big swoon in the market.
The two chipmakers are going head-to-head in the connectivity market.
Cypress Semiconductor, Texas Instruments, and Intel generate plenty of cash to reward shareholders.
Income investors should ignore the short-term headwinds, as Cypress' long-term catalysts will drive the dividend higher.