By Josh Beckerman

Cypress Semiconductor Corp. shares were recently up 41% to $21.50 after hours as the company said the Committee on Foreign Investment in the U.S. cleared its sale to Infineon Technologies AG.

The deal remains subject to approval by China's State Administration for Market Regulation.

The companies said in June that the deal had an enterprise value of about $10.1 billion

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

March 09, 2020 19:57 ET (23:57 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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