Cypress Prepares for the Future with Business Transformation PART 9 OF 15
Restructuring aimed at cost savings
Cypress Semiconductor (CY) is on track to improve its gross margin to its target model of 50% through restructuring and merger synergies. The company announced its restructuring plan immediately after it completed the acquisition of Broadcoms (AVGO) wireless IoT (Internet of Things) business.
As a normal routine, a company restructures its business after acquisitions in order to remove duplication and realize cost synergie…
Read the full article at: http://marketrealist.com/2016/12/cypress-restructuring-strategy/