By Josh Beckerman

Cypress Semiconductor Corp. shares recently traded up 48% to $22.63 Tuesday following the company saying the Committee on Foreign Investment in the U.S. cleared its sale to Infineon Technologies AG.

The $23.85-a-share deal remains subject to approval by China's State Administration for Market Regulation.

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

(END) Dow Jones Newswires

March 10, 2020 14:35 ET (18:35 GMT)

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