Cypress Semiconductor

Cypress Semiconductor Corp
Public (NASDAQ: CY)
Industry Semiconductors
Founded California, U.S. (1982)
Founder T. J. Rodgers
Headquarters San Jose, California, U.S.
Number of locations
 14 Design Centers, 40 Sales Offices (2000)
Revenue Decrease US$723 million (2013)[1]
Number of employees
 3,600 (2012) [2]
Divisions Memory Product Division, Data Communications Division, Consumer and Computations Division
Website Cypress.com

Cypress Semiconductor Corporation is a Silicon Valley-based semiconductor design and manufacturing company founded by T. J. Rodgers and others from Advanced Micro Devices. It was formed in 1982 with backing by Sevin Rosen and went public in 1986. The company initially focused on the design and development of high speed CMOS SRAMs, EEPROMs, PAL devices, and TTL logic devices. Two years after going public the company switched from the NASDAQ to the New York Stock Exchange. In October 2009, the company announced it would switch its listing to the NASDAQ on November 12, 2009.[3] Its headquarters are in San Jose, California, and it has divisions in the United States, Ireland, India and the Philippines as well as a fabrication plant in Minnesota.

Some of its main competitors include Microchip Technology, Integrated Device Technology, Samsung Electronics, and Xilinx.

Acquisition strategy

Since its founding, Cypress has acted as an incubator for wholly owned subsidiaries which are given a degree of autonomy and has acquired other small technology companies. In addition, Cypress has been an active acquirer of smaller technology companies; since the early-1990s these acquisitions have included:

In addition, Cypress has incorporated some of its technology into subsidiaries, in order to speed up development of such products as the PSoC Programmable System-on-Chip (SoC) that integrates analog and digital components with a microcontroller on a single chip to form a complete solution for embedded systems. In November 2011, Cypress also backed a packaging firm called Deca Technologies, Inc.[4]

In December 2014, Cypress Semiconductor merged with Spansion in an all-stock deal worth $1.59 billion. Shareholders of each side will own about 50 percent of the new company, which will keep the name Cypress Semiconductor Corp. The companies valued the deal at $4 billion. They expect it to close in the first half of 2015, and they expect to cut annual costs by $135 million within three years. Cypress President and CEO T.J. Rodgers will be CEO of the combined company, which is expected to have $2 billion in annual revenue. Spansion Chairman Ray Bingham will be non-executive chairman.

Major product offerings

Patents

As of early 2013, Cypress Semiconductors has over 1,900 US and foreign patents, with over 1,000 more US, international and foreign applications pending[5] Cypress Semiconductor is a component of the Ocean Tomo 300 Patent Index[6]

Locations

Cypress is headquartered in San Jose, CA and has manufacturing plants and design facilities in the United States (including San Jose CA, Lynnwood WA, Colorado Springs CO, Bloomington MN, Lexington KY, San Diego CA, Beaverton OR), the Philippines (Manila), India (Bangalore, Chennai), China (Shanghai), and Ireland (Cork). Former sites which have been closed down include Hyderabad (India), UK (London), as well as several in the United States (Austin TX, Round Rock TX, Nashua NH, Starkville MS, Boise ID, Boston MA, and Moscow ID). Cypress has divested a large portion of its San Jose campus to SVTC, SunPower, and Second Harvest Food Bank.

Subsidiaries

AgigaTech, Inc. sells non-volatile random-access memory (RAM) and is based in San Diego, California. It was acquired during the Simtek purchase in August 2008, and marks the second time that Cypress acquired a start-up venture from founder, Ron Sartore (who co-founded Anchor Chips as well.)

Restatement

On June 19, 2003, the company restated the prior year market segment data to conform with the situation that Silicon Light Machines, Silicon Magnetic Systems, Cypress Microsystems, and SunPower Corporation were disclosed as a separate segment called Cypress Subsidiaries.[7]

See also

References

  1. ↑ "2013 Cypress Semiconductor Annual_Report" (PDF).
  2. ↑ "2012 Cypress Semiconductor Annual Report" (PDF). 2012-12-31. Retrieved 2012-12-31.
  3. ↑ "Cypress Semiconductor Corp. to Switch Stock Exchange Listing to NASDAQ on November 12". 2009-10-30. Retrieved 2009-10-30.
  4. ↑ Dylan McGrath, EE Times. "Cypress-backed packaging firm launches." November 9, 2011. Retrieved November 9, 2011.
  5. ↑ USPTO Assignments on the Web. Assignments.uspto.gov (2013-07-08). Retrieved on 2013-11-20.
  6. ↑ 300® Patent Index. Ocean Tomo. Retrieved on 2013-11-20.
  7. ↑ "Cypress semiconductor corp de".

External links