BANGLAORE, India, February 4, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) and National Institute of Technology (NIT) announced a partnership to set up a new lab at Calicut based on the PSoC® programmable system-on-chip. The agreement was signed at NIT Calicut, by NIT Department Head, Professor P.C Subramaniam and Cypress Director of Engineering, Sunil Thamaran. The Lab was inaugurated by Institute Director Dr. G.R.C. Reddy in December.

The new laboratory will expose the students to the PSoC platform, a flexible family of devices with programmable analog and digital blocks integrated with a microcontroller. With its unique architecture, PSoC provides an unrivaled learning platform for embedded design students. As part of the agreement, Cypress will provide hands-on training to the faculty and students of NIT, along with free hardware kits and software tools. NIT will provide the facilities for the laboratory.

NIT will use PSoC as a tool to teach students about embedded system design through theory and lab experiments. It has already introduced the PSoC in its Electronics and Communication Engineering curriculum and lab sessions. PSoC will be taught as a part of an "Embedded System" course offered at the undergraduate level in the December-June term.

"This agreement provides an opportunity for students to work in cutting edge technology,” said Prof. Subramaniam. “PSoC contains analog programmable parts, which are not available in usual programmable devices. Many sixth semester students have expressed their interest in doing their ‘mini project’ using PSoC. We hope the interest of these students will be sustained and that they will also opt to do their final year major project using PSoC. We expect this relationship will be mutually beneficial to both NIT and Cypress."

"We are pleased to partner with NIT on this new PSoC lab,” said Sunil Thamaran. “These agreements are exactly what the Cypress University Alliance is about - partnering with leading universities and students to establish PSoC as the premier embedded design learning platform."

About National Institute of Technology (NIT)
National Institute of Technology, Calicut is a technical institution of national importance, set up by an Act of parliament, which received the assent of the President of India on 5th June,2007. The Institute runs on a non-profit basis. The Department of Electronics and Communication Engineering, National Institute of Technology, Calicut, is involved in providing quality education at both Undergraduate and Postgraduate levels.

About the Cypress University Alliance
Cypress's University Alliance Program is a multifaceted program empowering electronics engineering and computer science students to develop the skill sets needed to perform in today's marketplace. The program mounts regional design competitions, offers academic workshops, and maintains a university alliance website (www.cypress.com/cua) which provides access to myriad free design resources, evaluation boards and online courses.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., February 3, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that its Senior Vice President and Treasurer, Neil Weiss, will make a presentation at the Thomas Weisel Partners Technology Conference to discuss Cypress’s financial and strategic outlook.  The presentation will be held on Wednesday, February 10 at 10:55 a.m. Pacific Time at the Fairmont Hotel in San Francisco.  A webcast of the presentation will be available live and on-demand through Cypress’s website at http://www.cypress.com/investors, and will be archived for two weeks.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress and the Cypress logo, PSoC, PowerPSoC, CapSense, West Bridge and EZ-USB are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners

SAN JOSE, Calif., February 3, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that its PSoC® 3 FirstTouch™ Kit is included in the kit of parts for the 2010 FIRST Robotics Competition. Cypress has provided over 1,900 customized kits to FIRST for use in building the competitive robots. The student teams are expected to use the kits in the control units of the robots, hooked up through a USB connection to the robot’s netbook computer.

The Cypress PSoC 3 architecture has unique programmable analog and digital peripherals that enable capabilities such as motor control, intelligent power supply and battery management, human interfaces such as CapSense® touch sensing, LCD segment display, graphics control, as well as audio/voice processing, communication protocols, and much more. It is accompanied by the new PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design capture along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements. PSoC Creator enables engineers to design the way they think and dramatically shorten time-to-market. More information, including data sheets, application notes, online training, development kits, free PSoC Creator downloads and device samples, is available at www.cypress.com/go/psoc.

The PSoC 3 FirstTouch Starter Kit (CY8CKIT-003) helps designers get acquainted with the new PSoC 3 architecture. It includes an array of sensors, I/O’s, projects, and software in addition to Serial Wire Debugging (SWD), an accelerometer, a thermistor, proximity sensing, CapSense, a 12-pin wireless module header, and 28 general purpose I/O pins. Customers can find more information and order the kit for US$49 at http://www.cypress.com/?rID=38235.

“We are excited to participate in this outstanding program,” said Patrick Kane, Cypress’s director of University Relations. “The PSoC platform is absolutely ideal for students because its flexibility and programmability offer the opportunity to quickly implement and test new ideas. We look forward to some amazing robots from the talented and imaginative participants.”

In addition to the FirstTouch kits, students have the options to buy the Cypress Carrier and Enclosure am-0564 from AndyMark, Inc., which helps to protect the FirstTouch kit and also provides easy-to-use screw terminals for connecting the board with other parts of the robot. This helps to avoid timely soldering and breadboarding for the contestants. It is available at http://andymark.biz/am-0564.html. The Cypress Carrier and Enclosure am-0564 are built by eStop Robotics LLC of Aldan, Pennsylvania (www.estoprobotics.com).

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. PSoC 3 devices are based on a high-performance 8-bit 8051 processor, while PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. The PSoC 1 family is based on a cost-optimized 8-bit M8C core. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.
 
About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, CapSense, PowerPSoC and West Bridge are registered trademarks, and FirstTouch, PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif. February 1, 2010 – Cypress Semiconductor Corp. (Nasdaq: CY) has teamed up with Keil, the tools division of ARM, to deliver high-performance compiler options for the PSoC Creator™ IDE for the PSoC® 3 and PSoC 5 programmable system-on-chip architectures.

PSoC Creator enables engineers to design the way they think, using schematic-based design capture along with certified, pre-packaged peripherals to keep system creation independent of the target PSoC device. It includes free compilers from ARM— the Keil™ CA51 Compiler for PSoC 3 and the GNU GCC-ARM® Compiler for PSoC 5 are both bundled with the PSoC Creator distribution. In addition, the new Keil µVision®4 IDE and Debugger are available for use with the Cypress PSoC 3 and PSoC 5 devices. The environment has been designed to enhance developers' productivity, enabling faster, more efficient program development and verification. The flexible window management system introduced in µVision4 enables developers to use multiple monitors and provides complete control over window placement anywhere on the visual surface.

For the new Cypress PSoC 5 devices based on the ARM Cortex™-M3 processor, Keil offers an upgrade to the full version of their Microcontroller Development kit, MDK-ARM. MDK-ARM features the industry-standard compiler from ARM and sophisticated debug and trace capabilities that use the advanced features of the Cortex-M3 processor in the PSoC 5 device. For the Cypress PSoC 3 devices based on the industry standard 8051, Keil offers an upgrade to the full version of their Professional Development Kit for the 8051 architecture, PK51. The PK51 kit provides a complete software development solution for Cypress PSoC 3 customers.

“We’re pleased to provide support for the revolutionary new PSoC 3 and PSoC 5 architectures,” said Ken Havens, North America Marketing Manager, Systems Design Division, ARM. “We look forward to seeing the results designers can achieve using Keil’s industry-leading compiler technology with these exciting new devices.”

“Offering world-class compiler support was an important objective in introducing PSoC Creator,” said Butch Griffin, senior director of Cypress’s PSoC Tools Business Unit. “We have achieved that through the combination of free compilers in PSoC Creator and the µVision4 IDE support.”

Availability
PSoC Creator is available today at no cost from www.cypress.com/go/psoccreator. The Keil µVision4 IDE, MDK-ARM kit and PK51 kit are all available at www.keil.com.

About PSoC Creator
With PSoC Creator, customers create designs according to application requirements, not the limitations of the target device. Re-targeting to new devices is as simple as rebuilding an application, so porting designs between PSoC devices becomes a snap, including migrating working designs seamlessly from 8- to 32-bit devices.

PSoC Creator combines a state-of-the-art software development IDE with a revolutionary graphical design editor to form a uniquely powerful hardware/software co-design environment. It provides a rich library of dozens of pre-configured analog and digital peripherals that can easily be dropped into the schematic design canvas and combined into powerful systems. The tool automatically routes all on-chip signals and can even direct I/O to the optimum pins if desired. Each peripheral component is carefully parameterized so that the implementation can be optimized to fit the developer’s needs perfectly with no wasted resources. Customized designs, and their associated APIs, can even be saved in a library for future reuse and easily shared within an organization. More information and free downloads of PSoC Creator are available at www.cypress.com/go/psoccreator.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. PSoC 3 devices are based on a high-performance 8-bit 8051 processor, while PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. The PSoC 1 family is based on a cost-optimized 8-bit M8C core. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

ARM, is a registered trademark of ARM Limited. Cortex is a trademark of ARM Limited. All other brands or product names are the property of their respective holders. “ARM” is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries ARM Inc.; ARM KK; ARM Korea Limited.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; ARM Norway, AS; and ARM Sweden AB.

SAN JOSE, Calif., January 28, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) today demonstrated a tablet-sized capacitive touchscreen technology with unlimited finger tracking capability. Cypress has released a video, available at www.cypress.com/go/tabletvideo, which features a demonstration of a user manipulating multiple pictures on the screen simultaneously. The technology, based on Cypress’s industry-leading TrueTouch™ touchscreen solution for smaller-size portable electronics, will power touchscreens between 7 and 17 inches with full multi-touch support.

The inclusion of multi-touch support in the Windows 7 operating system has opened up the large laptop, netbook and tablet PC market to touchscreen interfaces. Multi-touch capability is a key requirement for enabling designers to develop innovative applications and ways for the user to interact with his or her PC.

“With the current buzz around tablet PC products, this technology is one of the hottest new capabilities from Cypress,” said Dhwani Vyas, vice president of the User Interface Business Unit at Cypress. “Our TrueTouch touchscreen solution was the industry’s first to offer multi-touch all-point tracking of unlimited fingers for the mobile phones and our extension of this technology into the emerging market of medium and large screen touchscreens is a natural place for Cypress to provide technology leadership again. We continue to break new ground with features and capabilities that empower designers to bring their user interface visions to fruition.”

Cypress’s TrueTouch family of devices enables designers to create new usage models for products such as tablet PCs, notebooks, netbooks, mobile handsets, portable media players (PMPs), GPS systems and other products. TrueTouch technology provides the industry’s most flexible touchscreen architecture, allowing designers to implement differentiated features with Cypress’s legendary noise immunity based on patented capacitive sensing technology for flawless operation in noisy RF and LCD environments.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

• Q4 results exceeded guidance and current Street consensus
• Gross margin percentage at highest level since the fourth quarter of 2000
• Cash from operations totaled $75.3 million
• TrueTouch™ touchscreen controller results continue to exceed expectations
• Q1 revenue expected to exceed current Street consensus and internal plan

SAN JOSE, Calif., January 28, 2010 — Cypress Semiconductor Corp. (NASDAQ: CY) today announced that revenue for the 2009 fourth quarter was $194.0 million, up 8.5% from $178.7 million for the prior quarter, and up 17.5% from $165.1 million for the year-ago period.

Cypress recorded GAAP net income of $2.9 million in the 2009 fourth quarter, or diluted earnings per share of $0.02. This compares with last quarter’s diluted net loss per share of $0.13 and a diluted net loss per share in the year-ago fourth quarter of $2.88.

Non-GAAP¹ net income for the 2009 fourth quarter—excluding stock-based compensation, acquisition-related charges, restructuring and other special charges and credits—totaled $31.7 million, or diluted earnings per share of $0.16. That compares with non-GAAP¹ diluted earnings per share of $0.10 for the prior quarter and a diluted net loss per share of $0.08 for the year-ago fourth quarter.

For the fiscal year 2009, Cypress posted total revenue of $667.8 million, a decrease of 12.8% from fiscal year 2008 revenue of $765.7 million. On a GAAP basis, Cypress’s fiscal year 2009 diluted net loss per share was $1.03, compared with a diluted net loss per share of $1.89 in 2008. On a non-GAAP¹ basis, Cypress’s fiscal year 2009 diluted earnings per share was $0.10, compared with diluted earnings per share of $0.20 in 2008. 

Cypress President and CEO T.J. Rodgers said, “We are pleased to report a strong sequential revenue increase of 8.5% in what is seasonally a down quarter. The growth occurred in all core divisions. We exceeded the upper end of our guidance due to both strong growth in our PSoC^®-based touchscreen products and strength in our high-performance SRAM business. We continue to achieve significant design wins with our proprietary products—especially our TrueTouch™ touchscreen products.

“Customers are providing increased booking visibility into Q1 and Q2, and our semiconductor book-to-bill ended Q4 at 1.13—a significant milestone since we rarely have a positive book-to-bill entering Q1 due to consumer seasonality. Lead times have not increased and we see no signs of double ordering.

“Fiscal year 2009 was unprecedented. The semiconductor industry and Cypress did not emerge unscathed. However, we are proud that our focus on programmable products and our financial discipline have allowed us to exceed our internal plan for gross profit margin, operating expenses, net income, earnings per share and cash flow. Our stock performance has responded by increasing 136% in 2009 and outperforming all major market indexes by at least 2x. We enter 2010 with zero debt and $333 million in cash equivalents and investments.

“While we can’t predict where the economy will go in 2010, we are seeing positive signs from our customer base, increased bookings and backlog, strong design wins, low levels of inventory and a very rational supply chain.

“We enter 2010 with the strongest new product portfolio in the company’s history, led by our flagship PSoC family and by strength in our industry-leading SRAM and USB families. In addition, investments in our Emerging Technology Division³ will begin to realize increased revenue in the second half of 2010. Customer acceptance of our new products remains very strong, and we are pleased with the high-profile design wins that we are booking in the handset market and other end markets served by our touchscreen controllers. Our next-generation PSoC family, comprising the revolutionary PSoC 3 and PSoC 5 embedded solutions, are off to a strong start with robust initial design wins. Together these new families significantly expand Cypress’s addressable market 10x from $1.5 billion for PSoC 1 to more than $15 billion for PSoC 1, PSoC 3 and PSoC 5. The new architectures offer powerful precision analog, as well as unparalleled programmable analog and digital integration, allowing us to drive many years of increased sales.”

BUSINESS REVIEW

            Non-GAAP¹ consolidated gross margin for the fourth quarter was 53.9%, up 2.0 percentage points from the previous quarter. The increase was due mainly to increased manufacturing efficiencies and product mix. Excluding Emerging Technologies³, our Core Semiconductor⁴ non-GAAP gross margin was 55.2%, up 1.5 percentage points sequentially.

On a GAAP basis, fourth-quarter consolidated gross margin was 48.9%, up 1.6 percentage points from the previous quarter. Our Core Semiconductor⁴ gross margin on a GAAP basis was 51.6%.

Fourth-quarter net inventory increased slightly quarter-on-quarter, as expected due to stronger than expected revenue estimates for Q1 and included $5.6 million of stock-based compensation capitalized in inventory. Net inventory decreased 20.6% on a year-over-year basis.

            Cash and investments totaled $333 million, or $2.15 per basic share.

Additional fourth-quarter and annual data and comparisons relevant to Cypress’s business units are presented below:

 BUSINESS UNIT SUMMARY FINANCIALS (UNAUDITED)

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries’ plans and expectations for the first quarter of 2010 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. We may use words such as “believe,” “expect,” “future,” “plan,” “intend” and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the semiconductor market, the state and future of the economy, the strength and growth of our proprietary and programmable products, especially PSoC and TrueTouch, our expectations regarding our Q110 revenue, our expected increase in our SRAM market share, positive signs gleaned from the ordering patterns of our customers, expected revenue growth, the demand and growth in the markets we serve, visibility in the markets we serve, our expectations regarding design wins, our bookings, profit and revenue, and our expected revenue from our Emerging Technology Division. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the state of and future of the global economy, business conditions and growth trends in the semiconductor market, seasonality in the markets we serve, our ability to achieve lower operating expenses and maintain a solid balance sheet, the actions of our competitors, our ability to develop and roll out new products, the behavior of our supply chain, our ability to manage our business to have strong earnings and cash flow leverage, factory utilization, whether our products perform as expected, whether the demand for our proprietary and programmable products, including especially our PSoC and TrueTouch products, is fully realized, whether our design wins result in increased sales, customer acceptance of Cypress and its subsidiaries’ products, whether the expected growth in the markets we serve materializes, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries and Emerging Technology Division, our ability to outgrow the market in revenue once the economy recovers and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

SAN JOSE, Calif., January 27, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) today introduced a touchscreen device driver supporting the Android™ mobile handset platform, and announced that it has joined the Open Handset Alliance™. The I2C interface driver for Cypress’s flexible, robust TrueTouch™ touchscreen solution gives manufacturers of handsets based on Android or other Linux operating systems an easy and quick path to delivering high-performance touchscreen interfaces. The driver supports single-touch and multi-touch signaling and is backwards compatible for applications written in earlier versions of Android.

The Open Handset Alliance is a group of more than 60 technology and mobile companies working to offer consumers a richer, less expensive, and better mobile experience. The Open Handset Alliance developed Android, the first complete, open and free mobile platform. Android features an operating system, middleware and key mobile applications. As a member of the Open Handset Alliance, Cypress will work with other members to contribute to continued development and success of the Android platform for mobile devices.

“The Android platform is rapidly gaining popularity, and our new driver has already enabled customers to rapidly integrate TrueTouch touchscreen controllers into Android-based phones coming to market,” said Dhwani Vyas, vice president of the User Interface Business Unit at Cypress. “Cypress is pleased to bring the unmatched design flexibility, accuracy and performance of the TrueTouch solution to members of the Open Handset Alliance for development of full-featured Android handsets.”

Cypress’s TrueTouch family includes single-touch, multi-touch gesture and multi-touch all-point offerings. Cypress was the first company to introduce multi-touch all-point functionality, which can track an unlimited number of touches. This capability enables designers to create new usage models for products such as mobile handsets, portable media players (PMPs), GPS systems and other products, and has been in mass production since 2008. TrueTouch is the industry’s most flexible touchscreen architecture, which allows designers to implement differentiated features and make last-minute design iterations without board changes.

Cypress recently announced its next-generation high performance TMA300 multi-touch all-point family. This controller provides best-in-class scan times for true multi-finger touch and superior signal-to-noise ratio for the most demanding touchscreen applications. Additional information about the TrueTouch solution is available at www.cypress.com/go/TrueTouch.

The flexible TrueTouch solution allows customers to rapidly develop leading-edge solutions without having to buy turnkey modules. They have a choice of using touch sensors (glass or film) and LCDs from preferred partners, and can develop innovative mechanical designs ranging from flat to curved surfaces of varying thickness. In addition, TrueTouch devices offer Cypress’s legendary noise immunity with patented capacitive sensing technology that enables flawless operation in noisy RF and LCD environments.

For more information on the Open Handset Alliance, visit www.openhandsetalliance.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. Android and Open Handset Alliance are trademarks of Google Inc. All other trademarks are property of their owners.

SAN JOSE, Calif., January 26, 2010 — Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NASDAQ: CY), announced today that the County of Santa Clara has documented significant savings in energy consumption, continuous commissioning and maintenance effort as a result of a March 2009 HVAC retrofit. The County used Cypress Envirosystems’ innovative Wireless Pneumatic Thermostat to retrofit pneumatic HVAC systems to provide the benefits of modern Direct Digital Control (DDC) systems, but at a fraction of the cost and with virtually no disruption to building occupants. The project achieved payback on investment in approximately 11 months. The fast payback was due in part to the project qualifying for the local PG&E utility’s Auto Demand Response Program, but the County estimates the payback period would have been only 16 months without the PG&E incentives.

Most commercial buildings ten years or older have pneumatic thermostats that require manual adjustment, meaning that someone has to manually lower and raise the thermostat to adjust the temperature. Retrofits using conventional DDC technology are extremely costly and often infeasible due to exposure to asbestos and other disruptions to tenants, whereas a Wireless Pneumatic Thermostat can be installed in under 20 minutes without opening up walls or ceilings.

“The wireless thermostat installation took only eight days and was one of the easiest, fastest and most cost effective energy efficiency improvements we have ever made in our buildings,” said Jeff Draper, Manager of Building Operations for the County. “We installed 350 wireless thermostats for a total project cost of $175,000.”

The County realized energy savings via a combination of improved temperature setpoint management and continuous commission activities, which included the identification and repair of mechanical deficiencies. Annual savings of $42,000, or 7% of the total building electrical consumption, was quantified by comparison to actual electrical meter readings from the same period in the prior year.  

The County also realized a significant savings in ongoing maintenance effort, aided by diagnostic reports provided by Cypress Envirosystems. Over the prior year, a service contractor charged approximately $25,000 per month for mechanical maintenance (about 50 cents per square-feet, for 300,000 square-feet). The high cost was in part due to the lack of diagnostics and difficulties in troubleshooting and repairing pneumatic systems. After the retrofit, the data and diagnostics provided by the Wireless Pneumatic Thermostat system enabled the maintenance effort to be much more targeted and streamlined, and reduced the monthly cost to $12,000. Annualized savings for the County is approximately $156,000, or a 52% reduction.

“We are absolutely delighted to see a payback period of less than one year for Santa Clara County,” said Harry Sim, CEO of Cypress Envirosystems. ”In these days of fiscal constraints, most customers only undertake projects that are cost effective and deliver quick payback. The County has really taken full advantage of our technology to obtain a combination of energy savings, maintenance savings, and demand response incentives.”    

More information on the County of Santa Clara retrofit project may be found at www.CypressEnvirosystems.com/case-studies.php.

About the Cypress Envirosystems Wireless Pneumatic Thermostat
Cypress Envirosystems’ patent pending WPT solution retrofits existing pneumatic thermostats to deliver direct digital control (DDC) functionality in minutes. Compared with a cost of $2,500 or more per zone for implementing DDC systems, the WPT costs 80% less, and it may be installed in under 20 minutes with minimal disruption of occupants. It enables remote temperature sensing and control of setpoints, programmable zone control and night setback, automatic self-calibration, BACnet integration with existing automation systems, and enables use with utility Demand Response programs. It uses the Open-ADR communications standard developed by Lawrence Berkeley National Laboratories.

About Cypress Envirosystems, Inc.
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NASDAQ: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. Visit Cypress Envirosystems at www.CypressEnvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., January 19, 2010 – EDN magazine has recognized the AGIGARAM™ non-volatile system from AGIGA Tech Inc., a subsidiary of Cypress Semiconductor Corp. (NASDAQ: CY), as a 2009 Hot 100 Product. The AGIGARAM technology is the industry’s first high-speed, high-density non-volatile RAM system, delivering densities between 4 megabytes (32 megabits) and 2 gigabytes (16 gigabits) and peak transfer rates equivalent to DRAMs. EDN editors sort through thousands of new products and technologies introduced each year to identify items for the annual Hot 100 Products list. The EDN product review of the AGIGARAM system is available at www.edn.com/blog/1470000147/post/20045002.html.

The AGIGARAM non-volatile system uses a battery free power sub-system, teamed with high-speed synchronous DRAM, NAND Flash, intelligent power management and a proprietary system controller. During normal operation the AGIGARAM functions exactly like a synchronous DRAM (SDRAM). When power is lost, however, it automatically saves the data to NAND Flash using the energy stored in the power subsystem. When power is restored, the data is transferred back into the SDRAM. This functionality can be used for power interruption/loss immunity, instant-on recovery, write caching and posting, data logging and journaling, and service and maintenance processing. More information on the AGIGARAM is available at www.agigatech.com.

“Just as the AGIGARAM system has earned the attention of EDN’s editors, customers have recognized this technology as a superior solution for high-speed, high-density non-volatile RAM,” said Ron Sartore, CEO of AGIGA Tech. “Our flexible AGIGARAM families come in multiple form factors and host interfaces, offering the benefits of high-speed, non-volatile memory for a wide range of applications.”

AGIGARAM Products and Features
AGIGA Tech offers two distinct AGIGARAM product families; BALI and CAPRI.

BALI Product Features
Targeted at general purposes, embedded, and industrial applications:
• 4-MB to 64-MB densities
• High-speed 100 MHz SDRAM
• 200 MB/sec peak transfers
• I2C command/control bus
• 3.3V VCC for 4 MB to 32 MB, 5.0V VCC for 64 MB
• Package: 200-pin SO-DIMM or Mezzanine card
• 0-70 degrees C operating range
• 3 year, 5 year and 10 year operating life options
• Integrated battery-free power pack.

CAPRI Product Features
Targeted at higher end storage, industrial, networking, and communications applications:
• 256-MB, 512-MB, 1-GB and 2-GB densities
• 64/72-bit DDR2 SDRAM interface with high speeds of 533 MHz, 667 MHz and 800 MHz
• 6,400 MB/sec peak transfers
• I2C command/control bus
• Form factor: 244-pin mini-RDIMM, 240-pin RDIMM and custom form factors
• 0-60 degrees C operating range, with additional ranges available
• 5-year and 10-year operating life options
• Integrated battery-free power pack.

About AGIGA Tech
Headquartered in Poway, California with a product development and test center in Chengdu, China, AGIGA Tech was founded in February 2008 as a subsidiary of Cypress Semiconductor Corp. (NASDAQ:CY). AGIGA Tech’s AGIGARAM products are the world’s first high-speed, high-density RAMs that do not need environmentally-unfriendly batteries. The company’s products are available worldwide through the Cypress sales force and its distributor partners. More information on the company is available at www.agigatech.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

AGIGA Tech and AGIGARAM are trademarks of AGIGA Tech, Inc. Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp.

SAN JOSE, Calif., October 7, 2009 - Cypress Semiconductor Corp. (NYSE: CY) today introduced a new 1-Mbit Serial non-volatile Static Random Access Memory (nvSRAM) family and new 4-Mbit and 8-Mbit nvSRAMs with an integrated real-time clock (RTC).

Cypress’s nvSRAMs are manufactured on its S8™ 0.13-micron SONOS (Silicon Oxide Nitride Oxide Silicon) embedded non-volatile memory technology, enabling greater densities and improved access times and performance. nvSRAMs are ideal solutions for applications requiring absolute non-volatile data security such as RAID systems, industrial control and automation (e.g. PLCs, motion control, motor drives and robotics), single board computers, POS terminals, eMetering, automotive, medical and data communication systems.

The serial nvSRAM family includes 1-Mbit devices in multiple configurations with an industry-standard SPI interface. Available in small-footprint 8-pin DFN and 16-pin SOIC packages, the serial nvSRAMs feature operating frequencies up to 40 MHz. One member of the serial nvSRAM family integrates an RTC as well.

Cypress’s parallel nvSRAMs feature access times as low as 20 ns, infinite read, write and recall cycles, and up to 20-years of data retention. The new 4-Mbit and 8-Mbit nvSRAMs integrate an RTC that enables time-stamping of critical data for back-up and also features a programmable alarm function and watchdog timer. For more information about Cypress’s portfolio of nvSRAM products, visit www.cypress.com/go/nvm. 

“Our new serial family extends Cypress’s industry-leading nvSRAM portfolio to address applications that require high-endurance memories in industry-standard, low-pin count packages,” said Jithender Majjiga, Senior Director of the Non-Volatile Products Business Unit at Cypress. “Likewise, integrating a real-time clock in our nvSRAMs enables our portfolio to cover applications traditionally served by BBSRAMs.”

Cypress’s nvSRAMs are ROHS-compliant and directly replace SRAM, battery-backed SRAM (BBSRAM) and EEPROM devices, offering fast non-volatile data storage without batteries. Data transfers from the SRAM to the device’s non-volatile elements take place automatically at power down. On power up, data is restored to the SRAM from the non-volatile memory. Both operations are also available under software control. nvSRAMs reduce board space and design complexity.

A leader in SONOS process technology, Cypress is using the S8 technology in next generation PSoC® mixed-signal arrays, programmable clocks and other products. SONOS is compatible with standard CMOS technologies and offers numerous advantages including high endurance, low power, and radiation hardness. In addition, SONOS technology provides a more robust, manufacturable and scalable solution compared to other magnetic or ferroelectric based non-volatile memory technologies.

Availability and Photo
Cypress’s 1-Mbit serial nvSRAMs are available in a 128k x 8 configuration and are currently in production. The CY14B101Q1 and CY14B101Q2 devices are available in an 8-pin DFN package. The CY14B101P serial device with RTC and the CY14B101Q3 are available in a 16-pin SOIC package.

The 4-Mbit nvSRAM with RTC comes in 512k x 8 (CY14B104K) and 256k x 16 (CY14B104M) configurations, and is currently in production. The 8-Mbit nvSRAM with RTC comes in 1024k x 8 (CY14B108K) and 512k x 16 (CY14B108M) configurations and is currently sampling with production expected by early Q1 2010. The 4-Mbit and 8-Mbit devices are all available in 44-pin and 54-pin TSOP II packages. For a high-resolution photo of the new nvSRAMs, visit www.cypress.com/go/pr/serialrtcnvsramphoto.

About Cypress nvSRAMs
Cypress's nvSRAMs use charge stored on an external capacitor instead of a battery, making the devices compatible with standard PCB assembly processes. The devices are available in 8-Mbit/3V, 4-Mbit/3V, 1-Mbit/5V, 1-Mbit/3V, 256-Kbit/3V, 256-Kbit/5V, 64-Kbit/5V and 16-Kbit/5V configurations. The devices are highly scalable, with 1-Mbit and 256-Kbit devices available in small 32-pin SOIC and 48-pin SSOP packages. The 8-Mbit, 4-Mbit, and 2-Mbit devices are available in 48-pin FBGA, 44-pin TSOP II and 54-pin TSOP II packages. The nvSRAM product family supports pin-compatible upgrades for additional density and real-time-clock requirements.

In RAID applications, nvSRAMs offer high-speed data transfer while ensuring data integrity in case of power outages. For copiers, nvSRAMs deliver fast data access and eliminate the need for a battery. Handheld meters benefit from the data buffering provided by nvSRAMs for fast access to data being uploaded to a server.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

 Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks and S8 and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., October 15, 2007 - Cypress Semiconductor Corp. (NYSE: CY) today introduced a 4-Mbit non-volatile static random access memory (nvSRAM). The new device features access times as low as 15 ns, infinite read, write and recall cycles, and 20-year data retention, making it ideal for applications requiring continuous high-speed writing of data and absolute non-volatile data security including RAID applications, harsh environment industrial controls, and data logging functions in automotive, medical and data communications systems.

The nvSRAMs offer the best alternative for fast, non-volatile memory. They reduce board space and design complexity compared to battery-backed SRAMs, and are more economical and reliable than magnetic (MRAM) or ferroelectric (FRAM) memories. The new products are the latest in a series of nvSRAMs from Cypress, which include 256K- and 1-Mbit nvSRAM devices currently shipping in production volumes. Further introductions are expected in the first half of 2008.

The new 4-Mbit nvSRAMs are the first manufactured on Cypress's S8™ 0.13-micron SONOS (Silicon Oxide Nitride Oxide Silicon) embedded nonvolatile memory technology, enabling greater densities and improved access times and performance. A leader in SONOS process technology, Cypress will use the S8 technology in next generation PSoC® mixed-signal arrays, OvationONS™ laser navigation sensors, programmable clocks and other products. SONOS is highly compatible with standard CMOS technologies and offers numerous advantages including high endurance, low power, and radiation hardness. In addition, SONOS provides a more robust, manufacturable and cost-effective solution compared to other embedded non-volatile memory technologies.

"The nvSRAM melds two of Cypress's traditional strengths, SRAM and non-volatile memory, into a monolithic, high-performance solution required by many applications," said Robert Dunnigan, vice president of Non-Volatile Memory business unit at Cypress. "In addition, we offer the market's broadest distribution and best support for these products."

"This introduction represents a seminal touchpoint in Cypress's process development evolution," said Paul Keswick, Cypress's executive vice president of new product development. "We have turned our internal resources towards value-added, proprietary processes such as S8 that yield market-differentiated solutions. A number of important new products are under development using this process."

The 4-Mbit nvSRAM is available in either a 512-Kbit x 8 (CY14B104L) or 256-Kbit x 16 (CY14B104N) configuration. The devices are ROHS-compliant and directly replace SRAM, battery-backed SRAM, EPROM and EEPROM devices, offering reliable non-volatile data storage without batteries. Data transfers from the SRAM to the device's nonvolatile elements take place automatically at power down. On power up, data is restored to the SRAM from the nonvolatile memory. Both operations are also available under software control.

Availability
Cypress's 4-Mbit nvSRAM is currently sampling, with production starting in the first quarter of 2008. To download a photo of the nvSRAMs, visit www.cypress.com/go/NVSRAMphoto.

About Cypress nvSRAMs
Cypress's nvSRAMs use charge stored on an external capacitor instead of a battery, making the devices compatible with standard PCB assembly processes." The devices are available in 4-Mbit/3V 1-Mbit/3V, 256-Kbit/3V, 256-Kbit/5V, 64-Kbit/5V and 16-Kbit/5V configurations. The devices are highly scalable, with 1-Mbit and 256-Kbit devices available in small 32-pin SOIC and 48-pin SSOP packages. The 4-Mbit devices are available in 44 TSOPII and 54 TSOPII packages.

In RAID applications, nvSRAMs offer high-speed data transfer while ensuring data integrity in case of power outages. For copiers, nvSRAMs deliver fast data access and eliminate the need for a battery. Handheld meters benefit from the data buffering provided by nvSRAMs for fast access to data being uploaded to a server. For more information about the Cypress family of nvSRAM products, visit www.cypress.com/NVM.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value." Cypress offerings include the PSoC® Programmable System-on-Chip™, USB controllers, general-purpose programmable clocks, image sensors and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB™ radio system-on-chip, to West Bridge™ and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo and PSoC and EZ-USB are registered trademarks, and S8, OvationONS, Programmable System-on-Chip, WirelessUSB and West Bridge are trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., January 7, 2010 – Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NASDAQ:CY), and ACCO Engineered Systems, a leading mechanical design, construction and service contractor, today announced that ACCO and its fully owned subsidiary Sunbelt Controls have completed the training and certification to become a Gold alliance partner for Cypress Envirosystems’ Wireless Pneumatic Thermostat solution. Gold alliance status denotes that ACCO is fully certified to perform proposal, estimation, installation, commissioning, and service work to use the Cypress Envirosystems’ Wireless Pneumatic Thermostat (WPT) solution to retrofit existing pneumatic HVAC controls.

“The Wireless Pneumatic Thermostat is an extremely innovative technology that enables existing buildings to upgrade from traditional pneumatic HVAC controls to the benefits of Direct Digital Control,” said Michael Ridout, General Manager, ACCO Engineered Systems. “The low-cost, quick payback and non-disruptive solution is a very easy way for commercial building customers to enable energy savings, continuous commissioning, and demand response for existing buildings. This technology and the Automated Logic Controls management system that ACCO represents, complement each other very well in providing a superior energy-efficient solution. We are delighted to form this alliance with Cypress Envirosystems, which will help ACCO to better serve our customers.”

“ACCO Engineered Systems has an unparalleled reputation and history for delivering practical, cost-effective solutions for customers’ mechanical and control systems,” said Bien Irace, VP of Business Development, Cypress Envirosystems. “ACCO’s deep domain knowledge, customer relationships and service coverage is a wonderful complement to our technology, and we are honored to have them as a Gold alliance partner.”

About the Cypress Envirosystems WPT
Cypress Envirosystems’ patent pending WPT solution retrofits existing pneumatic thermostats to deliver direct digital control (DDC) functionality in minutes.  Compared with a cost of $2,500 or more per zone for implementing DDC systems, the WPT costs 80% less, and it may be installed in under 20 minutes with minimal disruption of occupants. It enables remote temperature sensing and control of setpoints, programmable zone control and night setback, automatic self-calibration, BACnet integration with existing automation systems, and enables use with utility Demand Response programs. It uses the Open-ADR communications standard developed by Lawrence Berkeley National Laboratories. 

About ACCO Engineered Systems
ACCO Engineered Systems, established in 1934, is currently one of the 3 largest mechanical contractors in the United States and a leader in the development of the design/build approach for HVAC, plumbing, process piping, and control systems. It is an employee owned contractor with expertise in the areas of heating, ventilating, air conditioning, refrigeration, process piping, plumbing, building control systems, as well as service retrofit and maintenance. ACCO is signatory to labor agreements with the Sheet Metal Workers International Association, United Association of Steam Fitters and Pipe Fitters, Electricians and Teamsters unions, insuring a work force consisting of the highest qualified craftsmen throughout the United States.

ACCO is a fully integrated company with complete in-house engineering, fabrication, installation, commissioning and service capabilities. This integrated delivery system allows ACCO to provide its customers with the most practical, cost effective solutions for their particular mechanical and control system requirements. ACCO is licensed in the States of Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Maryland, Michigan, Nevada, New Mexico, Oregon, Pennsylvania, Texas, Utah, and Washington. More information is available at: www.accoes.com.

About Cypress Envirosystems, Inc.
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NASDAQ: CY).  Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.CypressEnvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., January 6, 2010 – Cypress Semiconductor Corp. (NASDAQ: CY) will announce its fourth-quarter 2009 and year-end earnings in a conference call on Thursday, January 28 at 8:30 a.m. Pacific time.  

All interested parties are requested to contact 408-943-2113 no later than Monday January 25, 2010 to reserve a position for the quarterly conference call.  The event also will be broadcast over the Internet and can be accessed through Cypress’s web site at http://www.cypress.com/investors.  The archived presentation will be available for two weeks immediately following the event.  Full text of the press release and supplemental financial information will be made available on the Cypress web site on the morning of the conference call. 

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo and PSoC are registered trademarks and Programmable System-on-Chip and West Bridge are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., December 22, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that its TrueTouch™ touchscreen solution implements the touchscreens for new KDDI mobile phones manufactured by Sharp Communication Systems Group. The SH003 phone offers a 12.1-megapixel camera, and leverages the TrueTouch solution to deliver user-friendly multi-touch gestures to manipulate photo images and control other functions. Cypress previously announced the TrueTouch solution implements the waterproof touchscreen for the KDDI Sportio water beat mobile phone.

The new KDDI SH003 has a 3.4-inch full wide VGA liquid crystal display with brilliant colors, with the TrueTouch touchscreen enabling gestures such as tap, pinch and others. The phones also offer rich entertainment capabilities such as one-segment. The SH003 supports up to 16GB microSDHC memory cards.

“It is very satisfying to see the proven success of Cypress’s touchscreen technology in the Sportio water beat model lead to TrueTouch designs in the new SH003,” said Norm Taffe, executive vice president of Cypress’s Consumer and Computation Division. “With our established, leading-edge multi-touch all-point technology and our roadmap to support even more innovative features, we plan to continue building touchscreen market share with the top handset makers worldwide.”

Cypress’s TrueTouch family, based on the PSoC® programmable system-on-chip architecture, includes single-touch, multi-touch and “multi-touch all-point” offerings. Cypress was the first company to introduce multi-touch all-point functionality, which can track up to 10 simultaneous touches. This capability enables designers to create new usage models for products such as mobile handsets, portable media players (PMPs), GPS systems and other products, and has been in mass production since 2008. TrueTouch is the industry’s most flexible touchscreen solution, as the unique PSoC architecture allows designers to implement differentiated features and make last-minute design iterations without board changes.

Cypress recently announced its next-generation high performance TMA300 multi-touch all-point family. This controller provides best-in-class scan times for true multi-finger touch and superior signal-to-noise ratio for the most demanding touchscreen applications. Additional information about the TrueTouch solution is available at www.cypress.com/go/TrueTouch.

“More and more leading Japanese companies are selecting the TrueTouch solution for its unrivaled flexibility and performance,” said Hitoshi Yoshizawa, Japan country manager for Cypress. “However, customers are also choosing Cypress for our flexible business model, allowing them to select from preferred vendors instead of requiring them to purchase a fixed touchscreen module.”

The flexibility of the TrueTouch solution allows customers to rapidly develop leading-edge solutions without having to buy turnkey modules. They have a choice of using touch sensors (glass or film) and LCDs from preferred partners, and can develop innovative mechanical designs ranging from flat to curved surfaces of varying thickness. In addition, TrueTouch devices offer Cypress’s legendary noise immunity with patented capacitive sensing technology that enables flawless operation in noisy RF and LCD environments.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., December 21, 2009 – EDN magazine has recognized the PSoC® 3 and PSoC 5 programmable system-on-chip architectures from Cypress Semiconductor Corp. (NASDAQ: CY) in the 2009 Hot 100 Products issue. EDN editors sort through thousands of new products and technologies introduced each year to identify items for the annual Hot 100 Products list. The EDN product review of PSoC 3 and PSoC 5 architectures is available at www.edn.com/article/CA6699879.html. 

PSoC 3 and PSoC 5 devices extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications. The platform is powered by the revolutionary PSoC Creator™ IDE, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements. More information about the solution is available at www.cypress.com/go/PSoC.

“Echoing the recognition of the EDN’s editors, customers are embracing our PSoC 3 and PSoC 5 architectures for their robust integration of features and revolutionary design methodology,” said Norm Taffe, executive vice president of the Consumer and Computation Division at Cypress. “The architectures provide a scalable platform with high-performance computing power, high-precision programmable analog and PSoC’s hallmark flexibility.”

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp.

SAN JOSE, Calif., December 17, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) is hosting its 19th annual holiday food drive event today, capping another year of fundraising for the Second Harvest Food Bank’s annual Holiday Food and Fund Drive. The event will be held from 2:00 p.m. to 5:00 p.m. at the company’s headquarters, located at 198 Champion Court in San Jose, Calif. The company’s goal is to raise $500,000 in cash donations this year.

The event will feature an employee talent competition and several large Hollywood-themed sculptures built by Cypress employees using more than seven tons of canned food. The sculptures will include a classic Hollywood diner, an eight-foot Oscar statue, a large grand piano, a scene featuring characters from “The Simpsons,” and a stretch limousine. On hand to judge the talent competition are former NFL/Pro Bowl defensive back Eric Wright, Pro Bowl linebacker Keena Turner, quarterback Steve Bono, Olympic soccer gold medalist, Brandi Chastain, and singer-songwriter Manuel Romero, a finalist in the inaugural season of NBC’s reality television series “America’s Got Talent.”

Cypress's annual holiday food drive event draws awareness to the Second Harvest Food Bank's efforts to feed local families during the holidays, and large canned food sculptures are always part of the event. Examples of sculptures built in previous years include a NASCAR race track, a Las Vegas casino, a chess board with a remote controlled rook, a three-hole playable miniature golf course, a fire engine with siren and flashing lights, a World War II battle at sea, a twelve foot tall pirate's ship, a smoke-breathing dragon, a steam train, and the Golden Gate Bridge.
Cypress is looking to claim its 19th consecutive Corporate Food Bowl Challenge trophy for donating the most per capita dollars and pounds of food during the food bank's annual Holiday Food Drive.

The Second Harvest Food Bank of Santa Clara and San Mateo Counties is the single largest provider of food, information, and supportive services to hungry children, adults and elderly people in both counties. One of the nation's largest and most efficient community food banks, $0.95 of every $1 donated goes directly to food purchase, programs and services.  The Food Bank will distribute more than 45 million pounds of food to people in the community this year, distributing the food through a network of more than 315 nonprofit agencies. Second Harvest works in concert with the food industry, government, volunteers, corporations and individuals to feed those in need.

About Eric Wright
Eric Wright was selected by the San Francisco 49ers in the second round of the 1981 NFL Draft. A cornerback from the University of Missouri, Wright played in 10 NFL seasons and spent his entire career with the 49ers. In his best season, 1983, Wright intercepted seven passes for 164 yards and two touchdowns. He was a four-time Super Bowl winner with the 49ers and appeared twice in the NFL Pro Bowl.

About Keena Turner
Keena Turner was selected by the San Francisco 49ers in the second round of the 1980 NFL Draft. A linebacker from Purdue University, Turner played in 11 NFL seasons—all with the 49ers. Turner was named to the 1983 NFL Pro Bowl team and retired from the 49ers with four Super Bowl rings. He is now in his second season as the 49ers’ Vice President of Football Affairs.

About Steve Bono
Steve Bono played in the NFL for 14 years and with five teams. His longest stint was with the San Francisco 49ers from 1989 to 1993. In 1994, he was traded to the Kansas City Chiefs, and one year later, he guided the Chiefs to a 13-3 record and a division title. At season's end, he was selected for the AFC Pro Bowl team.

About Brandi Chastain
Brandi Chastain is a two-time Olympic gold medalist in women’s soccer. She was on the U.S. women’s national soccer team from 1991 to 2004 and is currently a midfielder on the FC Gold Pride women’s professional soccer team, based in Santa Clara, Calif. Chastain is co-founder of BAWSI (Bay Area Women’s Sports Initiative) and serves on its Athlete-Advisory Council.

About Manuel Romero
Manuel Romero is a singer-songwriter from Milpitas, Calif., who was a finalist on NBC’s reality television series “America’s Got Talent,” which aired in the summer of 2007. In 2002, Romero received the International Trebby Award for best popular album and song of the year along with Grammy nominations for Best Album and Best New Artist. He has released five albums to date.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

Best time for media 2:00-3:30pm

What: Cypress Employee Holiday Food Drive Event with CEO T.J. Rodgers, Large Hollywood-Style Canned Food Sculptures and Talent Competition Before Local Celebrity Judges.
 
The annual Holiday Food Drive Event will feature the first-ever Cypress employee talent contest and large food sculptures themed for a Hollywood premiere. The large Hollywood-themed food sculptures will feature a huge Oscar statuette and a life-sized LA-style diner with a walk-up counter.

This event is the culmination of Cypress’s high-energy two-month competition to raise cash and food for Second Harvest Food Bank of Santa Clara and San Mateo Counties.

When:   Thursday, December 17
  2:00-5:00pm
Best time for media 2:00-3:30pm

Where:   Cypress Semiconductor, 198 Champion Court, San Jose
The talent show will be held in the Auditorium in Building 6 at 2:30p.m.

Who:  Cypress CEO T.J. Rodgers and Cypress employees

Representatives from Second Harvest Food Bank of Santa Clara and San Mateo Counties

Celebrity judges:
• Olympic soccer gold medalist Brandi Chastain
• Former San Francisco 49ers including Pro Bowl defensive back Eric Wright, quarterback Steve Bono and Pro Bowl linebacker Keena Turner
• Singer and former “America’s Got Talent” Top 20 contestant Manuel Romero

Agenda:
2:00-2:15pm:  Guests arrive.

2:15-2:30pm: T.J. Rodgers welcomes everyone and presents the check from Cypress to Second Harvest Food Bank in the Auditorium in Bldg. 6

2:30-3:30pm: Cypress Employees Talent Contest with Celebrity Judges

Large Hollywood-themed sculpture will surround the room (including an LA-style diner)

3:30-3:45pm: Judges tally their scores and make their decision on the winner of talent contest.

Celebrity Judge and singing sensation Manuel Romero performs. Manuel was a former Top 20 competitor on “America’s Got Talent.”

3:45-5:00pm: The winners are crowned, and then the crowd socializes over beverages and fun fare from the LA-style diner.

Why:  
•  The Food Bank served more than 30 million meals to residents in Santa Clara and San Mateo counties in FY 2009. It is the single largest nonprofit provider of food to low-income households in Santa Clara and San Mateo counties.

•  A winner of 18 consecutive victories in the Food Bank’s Corporate Food Bowl Challenge, Cypress’s goal is to raise $500,000 through fundraisers, corporate giving and employee donations this year.

•  Second Harvest Food Bank of Santa Clara and San Mateo Counties’ annual Holiday Food Drive has been the subject of intense rivalry among several leading high-tech companies in Silicon Valley since the early 1990s, when technological advances in manufacturing and computerized inventory systems meant fewer donations of damaged or expired goods from food manufacturers and the need for greater contributions from other sources.

• T.J. Rodgers became the first corporate CEO to chair the drive in 1990. During his first year as honorary chair, he raised more than 1.1 million pounds of food and $102,000, up from the previous year’s total of only 660,000 pounds.

SAN JOSE, Calif., December 15, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that the TrueTouch™ touchscreen solution from Cypress has been selected to implement the touchscreen for two new SoftBank Mobile Corp. phones manufactured by Sharp Communication Systems Group. The new SoftBank 941SH model and the SoftBank 940SH phone join the previous generation SoftBank 931SH model as SoftBank phones with TrueTouch touchscreens. The phones utilize the TrueTouch solution to deliver intuitive multi-touch capability, allowing gestures such as tap, double-tap, pan, pinch, scroll, rotate and others.

The SoftBank 941SH phone offers the world’s first* 4.0-inch touchscreen that delivers “half-XGA” (1024 x 480) resolution, offering a brilliant, easy-to-navigate display. The phone features up to 54 Mbps high-speed communication for PC-like connectivity, and includes an 8-megapixel camera. The SoftBank 940SH phone offers a 3.4-inch full wide VGA liquid crystal display, and includes a high-performance 12.1-megapixel camera. Both phones offer one-segment digital TV and GPS, and also integrate Wi-Fi and Bluetooth connectivity.

“The dazzling display of the SoftBank 941SH is an excellent showcase for the sophisticated, user-friendly multi-touch gestures of our TrueTouch touchscreen solution,” said Norm Taffe, executive vice president of Cypress’s Consumer and Computation Division. “We look for continued success in the next-generation phones of our customers leveraging our established multi-touch all-point technology, and will continue to develop innovative features to help them enrich the end-user’s experience.”

Cypress’s TrueTouch family, based on the PSoC® programmable system-on-chip architecture, includes single-touch, multi-touch and “multi-touch all-point” offerings. Cypress was the first company to introduce multi-touch all-point functionality, which can track up to 10 simultaneous touches. This capability enables designers to create new usage models for products such as mobile handsets, portable media players (PMPs), GPS systems and other products, and has been in mass production since 2008. TrueTouch is the industry’s most flexible touchscreen solution, as the unique PSoC architecture allows designers to implement differentiated features and make last-minute design iterations without board changes.

Cypress recently announced its next-generation high performance TMA300 multi-touch all-point family. This controller provides best-in-class scan times for true multi-finger touch and superior signal-to-noise ratio for the most demanding touchscreen applications. Additional information about the TrueTouch solution is available at www.cypress.com/go/TrueTouch.

“The brilliant display and touchscreen combination of the SoftBank 941SH phone is due in part to Cypress allowing customers to select sensors and LCDs from their vendors of choice,” said Hitoshi Yoshizawa, Japan country manager for Cypress. “This flexible business model, along with excellent local support, is helping to establish the TrueTouch solution as the top choice for touchscreen phones in Japan.”

The flexibility of the TrueTouch solution allows customers to rapidly develop leading-edge solutions without having to buy turnkey modules. They have a choice of using touch sensors (glass or film) and LCDs from preferred partners, and can develop innovative mechanical designs ranging from flat to curved surfaces of varying thickness. In addition, TrueTouch devices offer Cypress’s legendary noise immunity with patented capacitive sensing technology that enables flawless operation in noisy RF and LCD environments.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ under the ticker symbol CY. Visit Cypress online at www.cypress.com.

[Notes]
* As of October 23, 2009 (according to ROA).

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE Calif., December 10, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that Electronics Weekly magazine has selected Cypress’s PowerPSoC® family of integrated embedded power controllers as the winner of the 2009 Elektra Award for “Power Systems Product of the Year.” The family offers the industry’s first single-chip solution to control and drive high-power LEDs. The devices integrate four constant-current regulators and four 32V MOSFETs with Cypress’s PSoC® programmable system-on-chip, which includes programmable analog and digital blocks, a microcontroller, and memory.

This unprecedented level of integration provides customers with a single-chip solution for high-quality LED-based lighting products and extends into other embedded applications such as white goods and industrial control. The result is end systems with fewer components, faster design cycles, lower power consumption and higher reliability. More information on the PowerPSoC family is available at www.cypress.com/go/pr/PowerPSoC.

An independent panel of judges selected the Elektra Award winners, which were announced in  London on December 1. Now in its seventh year, the categories of the Elektra Awards have been enhanced to reflect the strength of innovation in semiconductor design and the growing importance of applications such as LED lighting and renewable energy technologies. To read more about the Elektra Awards, visit: www.elektraawards.co.uk. 

“We are pleased to add the prestigious Elektra Award to the growing list of accolades earned by the PowerPSoC family,” said Curtis Davis, vice president of Cypress’s PowerPSoC Division. “PowerPSoC customers are also recognizing the unmatched flexibility of the solution’s architecture and the simplified design and reduced BOM costs it enables.”

About PowerPSoC
The PowerPSoC family integrates up to four independently operated 32V / 1A MOSFETs that offer the ability to drive high power LEDs up to 1A. The devices include up to four programmable hysteretic controllers to provide controlled current output and up to four low-side gate drivers with programmable drive strength to support voltages above 32V with external MOSFETs. Up to 2MHz switching frequency allows use of smaller, less expensive inductors.
The family offers floating load buck, floating load buck-boost, and boost converter topologies that enable flexibility for the different voltage requirements of various applications. An auxiliary power regulator allows a PowerPSoC chip to operate up to 32V from a single power supply. The devices also offer 16-bit dimming for lighting applications that require high-resolution dimming.

The companion software for PowerPSoC, the PSoC Designer™ development tool, enables designers to quickly and efficiently program the controllers for different lighting and power options. It also allows changes late in the design cycle without having to change the circuit board layout. More information about PSoC products and design tools is available at www.cypress.com/psoc. For more information on the PowerPSoC family, visit www.cypress.com/go/powerpsoc.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., December 7, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) today introduced a demonstration kit highlighting the broad precision analog capabilities of its new PSoC® 3 architecture. The new CY8CKIT-007 PSoC 3 Precision Analog Voltmeter Demo Kit showcases a PSoC 3 device as a single-chip voltmeter, using an onboard 20-bit Delta Sigma Analog-to-Digital Converter (ADC) to measure the voltage from the included test leads and onboard thermocouple while directly driving an LCD. With the kit, designers can use pre-configured op amp, ADC and analog mux components in the PSoC Creator™ Integrated Development Environment (IDE) to quickly and easily design industrial sensors, consumer sensors, glucose meters and other analog applications.

The flexible PSoC 3 architecture combines highly integrated, programmable analog and digital peripheral functions, memory and a microcontroller on a single chip. Precise analog resources available in the kit include four digital-to-analog converters (DACs), four comparators, four op amps and  four PGAs, TIAs or Mixers. The voltmeter in the kit measures -30V to 30V of DC signals and includes an onboard thermocouple that is used as a low-noise voltage input. More information on the kit is available at www.cypress.com/go/cy8ckit-007.

PSoC 3 and PSoC 5 devices extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications. The platform is powered by the revolutionary PSoC Creator IDE, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

“The new Voltmeter Demo kit provides a practical application of the powerful precision analog capabilities of the PSoC 3 architecture,” said Matt Branda, director of marketing for PSoC products at Cypress. “With the kit, designers get a feel for the high-level of analog integration enabled by PSoC 3, along with the simplicity of analog design through our PSoC Creator IDE.”

The PSoC 3 Precision Analog Voltmeter Demo Kit contains:
• The PSoC 3-based voltmeter
• Test leads
• USB battery pack with two AA batteries
• Quick Start Guide
• Kit CD, which includes: PSoC Creator, PSoC Programmer, sample projects and documentation.

Availability and Photo
The CY8CKIT-007 PSoC 3 Precision Analog Voltmeter Demo Kit is priced at US $79 and is available on the Cypress eShop at www.cypress.com or through authorized distributors. A high-resolution photo of the CY8CKIT-007 kit is available at www.cypress.com/go/VoltmeterKitphoto.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 19, 2009 – Cypress Semiconductor Corp. (NASDAQ: CY) today introduced two evaluation kits showing the ease-of-use, fast development time and flexibility of its new PSoC® 3 architecture for LCD segment drive applications. The new CY8CKIT-006 PSoC 3 LCD Segment Drive Evaluation Kit and the CY8CKIT-029 PSoC LCD Segment Drive Expansion Board Kit demonstrate how a single PSoC 3 device can drive up to 736 LCD segments, more than any microcontroller-based solution. With the kits, designers can leverage the drag-and-drop LCD Drive component in the PSoC Creator™ Integrated Development Environment (IDE) to quickly and easily design products with an LCD screen for the consumer electronics, handheld, medical, industrial, white goods, automotive and other markets.

Currently, design of LCD segments requires hundreds of lines of complex code to define a screen’s segment intersections. The set-up wizard in the PSoC Creator IDE now enables designers to visually map these intersections in an intuitive drag-and-drop style. The tool then provides the power to manually configure LCD pin locations or automatically routes all on-chip signals and can even direct I/O to the optimum pins if desired. The PSoC Creator IDE also provides all of the APIs required to write to the LCD screen instead of requiring designers to create them. The complete PSoC 3 platform significantly cuts development time for LCD applications.

The new PSoC 3 architecture delivers unparalleled flexibility for LCD Drive applications with up to 16 common pins, versus only 4 or 8 for microcontroller-based solutions. This reduces the number of I/Os required for an LCD screen, freeing up pins for more peripheral integration and providing the option for smaller packages. The architecture allows any GPIO to be set as an LCD pin for simplified routing, requiring fewer PCB layers. PSoC 3 devices offer software contrast control, eliminating the need for an external potentiometer. The devices integrate internal voltage generation requiring no external resistors or capacitors, and can drive an LCD screen with a battery voltage as low as 0.5V, enabling operation from a single solar cell. More information on each kit is available at www.cypress.com/go/cy8ckit-006 and www.cypress.com/go/cy8ckit-029.

“The combination of our revolutionary new PSoC 3 architecture and PSoC Creator software offers the easiest-to-use and most flexible LCD drive system on the market,” said Matt Branda, director of marketing for PSoC products at Cypress. “The new development kits show designers how to easily implement LCD segment displays, with no external components needed, enabling fast time to market via the PSoC Creator software set-up wizard.”

PSoC 3 and PSoC 5 devices extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications. The platform is powered by the revolutionary PSoC Creator IDE, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

The PSoC 3 LCD Segment Drive Evaluation Kit contains:
• PSoC 3 LCD Segment Drive Evaluation Board
• 9V Battery
• 12V Wall Power Supply
• MiniProg3 Programmer / Debugger
• USB Cable (to connect MiniProg3 to the PC)
• Kit Stand
• Quick Start Guide
• Kit CD, which includes: PSoC Creator, PSoC Programmer, Projects and Documentation.

The PSoC LCD Segment Drive Expansion Board Kit includes an expansion board with an LCD screen that plugs into the development board of the PSoC Development Kit (CY8CKIT-001) for simplified testing of LCD design functionality. The kit features battery meter and stopwatch example projects on a 7- and 14-segment multi-function display.

Availability and Photo
The CY8CKIT-006 PSoC 3 LCD Segment Drive Evaluation Kit is priced at US $149 and the CY8CKIT-029 PSoC LCD Segment Drive Expansion Board Kit is US$59. Both kits are available on the Cypress eShop at www.cypress.com or through authorized distributors. A high-resolution photo of each kit is available at www.cypress.com/go/LCDdriveKit.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 12, 2009 – Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NASDAQ:CY), and Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, today announced the companies have formed a technology alliance. The agreement ensures seamless interoperability between Cypress Envirosystems’ wireless monitoring and control solutions and a wide range of Wonderware® software solutions, including Invensys Operations Management’s new Wonderware Corporate Energy Management Application. The combined solutions can be set up quickly to make it simple for customers to conserve energy and cut costs in industrial and commercial facilities.

“We are pleased to join forces with Invensys and to leverage their Wonderware software solutions, which are widely recognized for their ease of use and the versatility they bring to manage diverse plant and facilities functions effectively,” said Harry Sim, CEO of Cypress Envirosystems. “Our combined solutions allow managers of existing facilities to automate processes with minimal disruption, significantly boosting operational efficiency while conserving energy.”

Cypress Envirosystems' technologies enable older buildings and manufacturing sites to adopt the latest automation technologies at an affordable cost, and with minimal disruption to existing occupants, processes and staff. The products require minutes to install and typically provide payback within 12 months. The alliance with Invensys includes Cypress Envirosystems' Wireless Gauge Reader, the Wireless Steam Trap Monitor, the Wireless Transducer Reader and the Wireless Pneumatic Thermostat.

The new Wonderware Corporate Energy Management Application transforms data into vital plant information to synchronize operations and business objectives. This application enables manufacturing, industrial and commercial facilities customers to easily and quickly implement energy management programs to achieve corporate-wide sustainability goals. It allows users to monitor, detect and notify personnel of energy inefficiencies when demand and usage limits have been exceeded and require attention. It also connects directly to meters through automation systems and building information networks, as well as accepts manual entry via Wonderware InTouch® HMI interface for operations management, control and optimization.  Field information may also be supplied from the Wonderware IntelaTrac mobile workforce and decision support system. The energy management application checks consumption and demand at main and sub meters operating a wide range of power generation methods, including power, water, gas, air and steam. Alarms detect when demand limits are exceeded with visualization of alarms provided by InTouch software.

“End users have a growing need to extract data from their sustainability, energy savings and leak detection applications, but manufacturers are not always in a position to access this information because legacy systems are monitoring and controlling important processes such as water, steam, oil and natural gas consumption,” said Craig Resnick, Research Director, ARC Advisory Group. "The strategic alliance between Cypress Envirosystems and Invensys will provide solutions that will connect these automation islands and extend the lifecycle of legacy assets, enabling the deployment of applications that will result in energy and natural resource savings, increased plant efficiency and a quick return on investment.”

“Our open technology platform is a collaborative foundation that ecosystem partners use to develop a wide variety of targeted solutions for industrial automation and facilities management markets at competitive prices,” said Matt Bauer, vice president of ecosystems, Invensys Operations Management. “Cypress Envirosystems is an example of the power in that approach. Together we deliver an outstanding value proposition that overcomes a major issue for many organizations: interactive control of, and data collection from, traditional analog-style instrumentation associated with energy usage and management. Their low-cost conversion of legacy meters, dials and valves into a wireless digital environment creates rapidly deployable, highly cost-effective data sources for our corporate energy management solution. Together we offer a granular level of energy-usage visibility, tracking and control that simply has not been available in any of our served markets to date.”

About the Cypress Envirosystems Product Line
The patent-pending Wireless Gauge Reader (WGR) clips-on to the front face of an existing gauge to capture and transmit the readings. It installs in minutes and does not require removing old gauges, breaking pressure seals, performing leak checks, running wires or interrupting the underlying process.

The Wireless Steam Trap Monitor (WSTM) mounts non-invasively onto existing steam traps in minutes and uses a proven algorithm to detect steam trap failures, particularly expensive steam leaks. An estimated 15-20% of steam traps are malfunctioning at a given time, and the WSTM augments manual audits to detect failures in a timely manner and avoid wasting resources.

The Wireless Transducer Reader (WTR) provides a fast and inexpensive solution to read and transmit data from existing standalone transducers with no need to run wires. Packaged with clamp-on current meters and ultrasonic flow meters, the WTR is an extremely cost effective and flexible method to obtain energy-use characterization and baseline data for audits.

The patent-pending Wireless Pneumatic Thermostat (WPT) retrofits existing pneumatic thermostats to deliver DDC-like functionality in minutes. Compared with a cost of $2,500 or more per zone for implementing DDC systems, the WPT costs less than 20% as much and enables remote temperature sensing and control of setpoints, programmable zone control, self-calibration and Demand Response program usage.

About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities. 

Invensys Operations Management’s offerings are delivered under several prominent industry brands, including Action Instruments, ArchestrA, Avantis, Barber-Colman, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company’s approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster, better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit iom.invensys.com.   

Invensys plc (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 20,000 employees working in 50 countries.

Invensys, the Invensys logo, Action Instruments, ArchestrA, Avantis, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, IntelaTrac, InTouch, SimSci-Esscor, Triconex and Wonderware are trademarks of Invensys plc, its subsidiaries or affiliates. Barber-Colman is a trademark of TAC, LLC and used under license from TAC, LLC. All other brands and product names may be trademarks of their respective owners.

About Cypress Envirosystems
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NASDAQ: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.CypressEnvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo and PSoC are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 11, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today introduced an upgraded module for its West Bridge® peripheral controllers that offers the fastest sideloading solution for transfer of multimedia files from a PC to handheld device via the widely-used Media Transfer Protocol (MTP). The new Turbo-MTP™ 2.0 module enables users to sideload a feature-length movie in less than 45 seconds – more than 10 times faster than traditional MTP implementations. Additionally, the new module includes drivers for the Android operating system, making the West Bridge solution compatible with a wider array of handhelds. 

Since its introduction of the West Bridge architecture, Cypress has continued to raise the bar for user sideloading experience. The Turbo-MTP 2.0 solution provides a 2X improvement over Cypress’s earlier Turbo-MTP 1.0 module. The Turbo-MTP modules dramatically increase the effectiveness of MTP, a USB-based protocol used by Rhapsody, Napster, Verizon V CAST and other online video and music services. MTP is the de-facto method for sideloading due its simplicity and ease of use for consumers. Using MTP, transferring media becomes a seamless operation with automatic synchronization and hot-unplug features. With MTP, a handheld retains access to storage even while plugged into a PC – users can still make a phone call or watch videos while connected, instead of facing a “PC Connect” frozen screen. Additionally, MTP enables the transfer of metadata such as song titles, images, user ratings and Digital Rights Management (DRM) information. Natively supported in Windows Media Player (WMP), MTP enables direct, drag-and-drop synchronization between WMP and a handheld.

An application note on the Turbo-MTP module is available at www.cypress.com/go/westbridge, and a video demonstration of Turbo-MTP 2.0 capabilities is available at www.cypress.com/go/tmtp2video.

“Our Turbo-MTP 2.0 solution has turbo-charged sideloading for MTP handhelds, with internal tests reaching speeds close to 30 Megabytes per second,” said Alakesh Chetia, Vice President of the USB Business Unit at Cypress. “In addition, with Android quickly gaining adoption in top-tier multimedia handhelds, we made it a priority to add drivers to support this user-friendly OS with our West Bridge peripheral controllers. This along with our membership in the Symbian Foundation demonstrates Cypress’s commitment to turbo-charging sideloading with all the latest mobile operating systems.”

In October 2009, Cypress joined the Symbian Foundation, which maintains the code for an open source software platform based on Symbian OS and software assets contributed by Nokia, NTT DOCOMO, and Sony Ericsson, including the S60 and MOAP(S) user interfaces.

West Bridge Antioch™ devices achieve superior data transfer performance by providing a direct path from Hi-speed USB 2.0 to handset storage devices such as Secure Digital High Capacity (SDHC), MultiMedia Card (MMC), Hard Disk Drive (HDD) and NAND Flash. By fully offloading management of USB and storage from the main baseband processor, the controller saves critical processor resources and allows a mobile handset to maintain full functionality while simultaneously sideloading multimedia files, synchronizing PIM data, or even using the phone as a PC modem. The West Bridge Astoria™ controllers adds to this performance with a configurable multimedia storage interface and flexible processor interface, easing connections to a broad range of embedded processors and mass storage devices. These features allow Astoria to connect to any embedded processor or DSP, bringing MLC NAND support to new applications including portable media players (PMPs), wireless cards, dongles, portable navigation devices (PNDs), digital cameras, POS terminals and more.

Availability
West Bridge Antioch and Astoria peripheral controllers with the Turbo-MTP 2.0 module are currently in full production. The Turbo-MTP 2.0 firmware module is supported in the West Bridge Antioch Development Kit and the West Bridge Astoria Development Kit.  More information is available at www.cypress.com/go/westbridge.

About the West Bridge Family
Devices in the new West Bridge family of peripheral controllers function as a companion chip to an embedded central processing unit (CPU) to free it from data-intensive operations. In the same way the North Bridge and South Bridge were introduced in the PC architecture to enable the main CPU to evolve independently from quickly changing memory and peripheral interfaces, embedded systems are evolving towards a similar architecture, where a West Bridge device manages the interfaces and offloads from the main CPU specific peripheral-to-peripheral traffic. 

The West Bridge family is based on Cypress’s Simultaneous Link to Independent Multimedia™ (SLIM™) architecture, which manages multiple, dedicated paths between peripherals, memory and the processor to allow maximum data throughput. In addition to providing a path to interfaces not supported by the main processor, the SLIM architecture allow direct and independent data transfer from one interface to another, offloading the main CPU, and freeing up its resources for higher system performance. For more information, visit www.cypress.com/go/westbridge.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol. 

# # #

Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West Bridge are registered trademarks and Turbo-MTP, Antioch, Astoria, Simultaneous Link to Independent Multimedia, SLIM and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 9, 2009 – Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NYSE:CY), today announced that it has appointed electric power industry veteran Thomas R. McDaniel to its board of directors. McDaniel recently retired from Edison International after 37 years of service.

Most recently, McDaniel served as Edison International's executive vice president, chief financial officer and treasurer. He was responsible for the company's financial, risk management, controller, internal audit and IT functions. Edison International is the parent company of Southern California Edison, a regulated electric utility, and Edison Mission Energy, an independent power company which develops, owns and operates renewable energy and fossil fuel generating projects across the United States.

"Tom's extensive knowledge of utility trends and business drivers will help us to increase our business with utilities and energy industry players,” said Harry Sim, CEO of Cypress Envirosystems. “His feet-on-the-ground engineering experience spans power generation, transmission and distribution to customer premises, bringing deep insight into where our technologies can create the greatest value.”

"Cypress Envirosystems’ focus on improving efficiency and enabling demand response at existing facilities is extremely relevant and compelling,” said McDaniel. "We need to have smart buildings and smart plants integrating seamlessly into the evolving utility smart grid system.. Cypress Envirosystems’ leading-edge portfolio of non-invasive, easy-to-install retrofit solutions for HVAC, pneumatics, steam, compressed air and more deliver efficiency improvements with very attractive returns for its customers.”

Prior to January 1, 2005, McDaniel was chairman, CEO and president, and a director of Edison Mission Energy. During this time, the company owned generating plants in the U.S., Europe, Asia, and Puerto Rico.

McDaniel also served as CEO and a director of Edison Capital, a provider of capital and financial services supporting the growth of energy and infrastructure projects, products and services both domestically and abroad. In addition to interests in conventional and renewable power generation and transmission projects in the U.S., Europe, Africa, and Australia, the company invested and sponsored Latin American, Asian and Eastern European infrastructure funds.

McDaniel is actively involved in several philanthropic and charitable organizations. He serves as a director of the Senior Care Action Network (SCAN), a Medicare Advantaged HMO which provides healthcare to senior citizens. McDaniel is also a director of the $200 million SCAN Foundation whose mission is to support initiatives to improve the cost effectiveness and quality of healthcare for the elderly. Through the McDaniel Family Foundation, he works with the Boys and Girls Club of Huntington Beach, the Adult Day Care Center and the Free Wheelchair Mission. He and his family have distributed approximately 2,500 wheelchairs to the poor and disabled in Chile, Cambodia and Vietnam.

About Cypress Envirosystems, Inc.
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NYSE: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.CypressEnvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol. 

# # #

Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 9, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today introduced a new PSoC® 1 programmable system-on-chip with enhanced analog performance. The superior programmable analog of the new CY8C28xxx device enables more advanced mixed-signal and sensing applications, as well as faster and more robust capacitive touch-sensing interfaces. The devices also deliver the best digital performance among the PSoC 1 family, including support for directly driving an LCD and dual hardware I2C interfaces. The new PSoC 1 line targets a wide range of embedded applications that take advantage of the enhanced analog and digital peripherals, including industrial control, communication backplane management, white goods and more.

The CY8C28xxx PSoC 1 architecture integrates up to 16 programmable analog and 12 digital blocks with an 8-bit microcontroller, a unique combination that offers designers unmatched flexibility. The device supports up to 4 simultaneous Delta-Sigma Analog-to-Digital Converters (ADCs) with 6- to 14-bit resolution options, allowing it to sample up to 4 analog inputs simultaneously at 62 ksps with an aggregate data sample rate of 248 ksps. The device’s easy-to-configure dedicated successive-approximation ADC allows designers to sample up to 192 ksps at 8- or 10-bit resolution. With 2 parallel CapSense® touch-sensing channels, the new PSoC devices can process twice as much input data at any general purpose I/O pins at the same scanning interval. Also, with the two hardware I2C interfaces in a single CY8C28xxx device, engineers can integrates multiple I2C functions simultaneously, such as I2C bus switching, buffering and hot-swapping. More information on the CY8C28xxx PSoC devices is available at www.cypress.com/go/CY8C28xxx. 

“The PSoC programmable system-on-chip has experienced tremendous growth with its trademark programmable analog, design flexibility and integration capabilities,” said Gahan Richardson, vice president of Cypress’s PSoC products. “The CY8C28xxx line expands the target applications for the PSoC 1 family by extending the analog performance to a new level.”

Additional system resources for the CY8C28xxx PSoC 1 device include an SPI interface with between 8- to 16-bit variable-length, a hardware real-time clock and an integrated PWM deadband. The devices offer multi/single shot support and operation in the extended temperature range of -40C to 85C. The CY8C28xxx devices are software and pin compatible with the popular CY8C27xxx PSoC 1 devices.

Availability
The CY8C28xxx PSoC 1 devices are now in production. The line is available in multiple configurations, and comes in a 48-pin QFN package, a 44-pin TQFP package, and 20- and 28-pin SSOP packages. For a high-resolution photo of a CY8C28xxx PSoC device, visit www.cypress.com/go/pr/CY8C28xxxPSoCphoto.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. PSoC 3 devices are based on a high-performance 8-bit 8051 processor, while PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. The PSoC 1 family is based on a cost-optimized 8-bit M8C core. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol.

# # #

Cypress, the Cypress logo, PSoC, CapSense, PowerPSoC and West Bridge are registered trademarks, and CapSense Plus and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 4, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced three of its state-of-the-art CMOS Image Sensors for space applications are on-board the European Space Agency’s (ESA) Proba-2 Satellite, which was successfully launched on November 2. Cypress’s new HAS2 image sensor, specially designed for high accuracy star tracking, is implemented on a new Star Tracker developed by SELEX Galileo of Italy. The HAS2 image sensor is also being used in an extreme-ultraviolet telescope scientific experiment for solar corona observation. Additionally Cypress’s STAR-250 image sensor is used on a new Digital Sun Sensor developed by TNO of the Netherlands. Both the HAS2 and STAR-250 devices were developed for the ESA by Cypress’s Image Sensor Business Unit in Belgium.

Cypress also announced commercial availability of the HAS2 image sensor, the latest development in the Cypress STAR family of radiation-tolerant image sensors. The device has an array of 1024 x 1024 active pixels (18 µm) and it supports on-chip Non-Destructive Readout and multiple windowing. The HAS2 sensor is qualified for space applications in accordance with the ESA’s European Space Components Coordination (ESCC) standards. Cypress will demonstrate its industry-leading custom and standard CMOS image sensor solutions at VISION 2009 in Stuttgart, Germany from November 3-5, in Hall 6, stand C 23. For more information on Cypress’s CMOS image sensors visit www.cypress.com/go/ImageSensors or email imagesensors@cypress.com.

“We are excited to see our new HAS2 image sensors in space on the Proba-2 satellite,” said Georges Hiltrop, general manager of Cypress’s Image Sensor Business Unit. “The HAS2 demonstrates Cypress’s ability to develop leading-performance CMOS image sensors that meet the requirements of our customers’ most challenging applications.”

Cypress’s radiation-tolerant STAR-250 image sensor was originally developed for an optical inter satellite link. Currently it is mainly used for sun sensor applications. The device has an array of 512 x 512 pixels (25 µm). STAR-250 is qualified for space applications in accordance with ESA’s ESCC standards and is commercially available.

Cypress is a center of expertise for the design of CMOS image sensors for space applications such as star tracking, hyper spectral instrumentation, earth observation, sun sensors and scientific applications. Its high-end CMOS image sensors have proven their performance on numerous European space missions, including: TeamSat, XMM, Mars Express, PROBA-1, ROCKVISS (ISS), Columbus and GOCE. In addition to ESA projects, Cypress has a number of CMOS image sensor projects for space applications with other space organizations.

The Project for On Board Autonomy (Proba) satellites are part of the ESA’s In-orbit Technology Demonstration Program – missions dedicated to the demonstration of innovative technologies. In-orbit demonstration is the last step on the technology development ladder. New technology products need to be demonstrated in orbit, particularly when users require evidence of flight heritage or when there is a high risk associated with use of the new technology. In-orbit demonstration is achieved through experiments on carriers such as the International Space Station, or through dedicated small satellites such as the Proba series, which was created to increase availability of flight-testing opportunities. The Proba satellites are among the smallest ever to be flown by the ESA, but they are making a big impact in space technology. Proba-2 is the second of the series, building on nearly eight years of successful Proba-1 experience.

Altogether, 17 new technological developments and four scientific experiments are being flown on Proba-2. The technology demonstrations and scientific experiments that use Cypress image sensors are:
• A new star tracker development by SELEX Galileo being test-flown before use on the BepiColombo mission with the HAS2 image sensor.
• A digital sun sensor, developed by TNO using the STAR-250 image sensor.
• A scientific experiment with an extreme-ultraviolet telescope (SWAP) using the HAS2 image sensor that will make measurements of the solar corona in a very narrow band. The Centre Spatial de Liège is the lead institute on the experiment supported by the Royal Observatory of Belgium, along with an industrial team comprising several companies including Cypress.

Availability and Photo
The HAS2 image sensor is now in production. Download a high-resolution photo of the HAS2 sensor at www.cypress.com/go/HAS2photo.

Cypress Image Sensors
Cypress’s Image Sensor Business Unit is based in Mechelen, Belgium, and offers standard and customized CMOS image sensors for consumer, industrial and professional applications. Industrial applications include solutions for fast growing high-speed machine vision, motion monitoring, medical imaging, intelligent traffic systems, security, barcode and space. Cypress's customized CMOS image sensors are characterized by very high pixel counts, large area, very high frame rates, large dynamic range, high sensitivity and radiation tolerance.

CMOS image sensors complement Cypress's technology and market strengths and expand Cypress's existing presence in numerous complementary markets where it sells a broad array of timing and USB solutions, configurable microcontrollers and memories.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol. 

# # #

Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 3, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in touch-sensing, today announced an automatic tuning solution for its CapSense® capacitive touch-sensing devices. While existing solutions require engineers to perform time-consuming calibrations for up to 15 capacitive-sensing parameters, the new patent-pending SmartSense™ solution sets these automatically during the design process, significantly reducing development time. The solution dynamically optimizes the baseline and detection threshold and adjusts for the optimal capacitance range. The SmartSense capability greatly simplifies the replacement of mechanical buttons and sliders, allowing designers to create a single platform for multiple industrial designs without having to manually optimize performance for each design.

Engineers can simply incorporate the SmartSense firmware using the PSoC Designer™ embedded design tool and instantly develop touch-sensing interfaces that provide reliable operation over a wide range of capacitance values. This eliminates the need to retune a design each time the thickness or material used for the interface overlay changes, reducing time to market and saving development costs for customers. Furthermore, the solution ensures that manufacturing variations in PCBs, overlays and changes in noise environment are automatically calibrated out. For more information on the SmartSense CapSense solution visit www.cypress.com/go/capsense.

The firmware for the SmartSense capability is supported in Cypress’s new CY8C20xx6A CapSense devices with low-power 1.8V operation, which the company announced today in a related release (see “New Cypress CapSense® Device is Industry’s Lowest-Power, Configurable Touch-Sensing Controller”). Existing CY8C20xx6A customers can upgrade current projects to the SmartSense firmware module today in PSoC Designer 5.0 software with Service Pack 6 at www.cypress.com/go/designerpack6.

“The popularity of capacitive-sensing for user interfaces continues to rise rapidly,” said Bill Morelli, Director of the Mobile Technologies Group at technology analyst firm IMS Research. “The combination of Cypress’s easy-to-use solution with the new low-power CapSense offering will appeal to mobile handset makers as well as customers in a broad range of other markets.”

“Cypress has built a leadership position in touch-sensing by continually pushing the envelope of innovation, and our new SmartSense capability makes Cypress CapSense by far the market’s simplest solution for developing touch-sensing interfaces,” said Gokul Krishnan, director of marketing for CapSense User Interfaces at Cypress. “The SmartSense auto-tuning solution allows Cypress to address new segments, catering to new customers who may not be very familiar with capacitive sensing. At the same time, the solution helps existing customers respond to changes in market requirements and/or industrial design much more rapidly.”

The new CY8C20xx6A devices have up to 36 CapSense I/Os and 6 sliders, along with I2C, SPI and USB interfaces. The low-power devices provide best-in-class immunity to conducted and radiated noise and extended battery life in applications such as mobile handsets, Bluetooth headsets, multimedia buttons, LCD TVs and monitors, printers and more. CapSense devices also provide robust waterproofing and proximity sensing with industry-leading range. Leveraging the PSoC® programmable system-on-chip architecture, a single CapSense device can also manage functions such as haptics, intelligent sensing, LED control and more – a capability called CapSense Plus™.

About CapSense
Cypress's CapSense touch-sensing solution has replaced 3.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the industry touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water tolerant capacitive touch-sensing interfaces, including proximity sensing where direct touch is not required. CapSense proximity sensing, with its industry leading detection range up to 25 cm, provides power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Based on the PSoC programmable system-on-chip architecture and the PSoC Designer™ Embedded-System Design Tool, users complete CapSense designs quickly and easily using pre-configured and verified "user modules" and real-time sensor tuning and monitoring. Learn more about CapSense online at www.cypress.com/go/capsense.

Availability
The SmartSense CapSense firmware module is available today with PSoC Designer 5.0 Service Pack 6 for use with the CY3280-20X66 CapSense Development Kit. Visit the Cypress eShop at www.cypress.com to order the kit.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol.

# # #

Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West Bridge are registered trademarks and SmartSense, CapSense Plus, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 3, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in touch-sensing, today announced a new line of CapSense® capacitive touch-sensing devices with low-power 1.8V operation to extend battery life in handheld mobile consumer applications. The CY8C20xx6A devices replace mechanical buttons and sliders, offering attractive, functional interface options for designers. The new family also offers exceptional response time with the most precise scanning of any CapSense devices. With superior immunity to conducted and radiated noise, as well as robust waterproofing, the new devices also enable reliable touch-sensing operation in applications such as white goods, home appliances, printers, computers and TVs/monitors.

Additionally, the CY8C20xx6A family offers the new patent-pending SmartSense™ solution, which automatically calibrates capacitive-sensing parameters during the design process, cutting days of development time. Cypress announced the SmartSense solution today in a related release (Cypress’s New Auto-Tuning Smart Sense™ CapSense® Solution Revolutionizes Touch-Sensing Design). For more information on the CY8C20xx6A CapSense family visit www.cypress.com/go/capsense.

The CY8C20xx6A devices have up to 36 general-purpose I/Os (GPIOs) to implement multiple CapSense interfaces. Leveraging the PSoC® programmable system-on-chip architecture, a single new CapSense device can also manage functions such as motor control, intelligent sensing, LED control and more – a capability called CapSense Plus™. Additionally, the new devices include a full-speed USB interface. The easy-to-use CapSense devices allow customers to bring products to market quickly. The CY8C20xx6A device line is available in multiple configurations and packages, including a small form factor 3x3x0.6-mm 16-pin QFN.

“Robust immunity to noise and water has helped the CapSense solution build a strong leadership position in mobile consumer and wall-plugged applications,” said Gokul Krishnan, director of marketing for the User Interface Business Unit at Cypress. “The 1.8V operation of the new CY8C20xx6A devices significantly boosts the CapSense advantage for battery-powered electronics as we extend our leadership position in the touch-sensing market.”

The new CY8C20xx6A CapSense devices are supported by the CY3280-20X66 CapSense Development Kit, which includes a development board with ports for the following Plug-in Modules:
• CY3280-SLM – Linear Slider Module
• CY3280-SRM – Radial Slider Module
• CY3280-TPM – Trackpad Module
• CY3280-BSM – Simple Button Module
• CY3280-BMM – Matrixed Button Module
• CY3280-BBM – Breadboard Module.
Each package option of the new low-power devices is also supported by a CY3250-20xx6 ICE Pod Kit that includes emulator pods and feet, enabling a designer to perform system-level debugging.

About CapSense
Cypress's CapSense touch-sensing solution has replaced 3.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the industry touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water tolerant capacitive touch-sensing interfaces, including proximity sensing where direct touch is not required. CapSense proximity sensing, with its industry leading detection range up to 25 cm, provides power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Based on the PSoC programmable system-on-chip architecture and the PSoC Designer™ Embedded-System Design Tool, users complete CapSense designs quickly and easily using pre-configured and verified "user modules" and real-time sensor tuning and monitoring. Learn more about CapSense online at www.cypress.com/go/capsense.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

Availability and Photo
The CY8C20xx6A CapSense devices are currently in production. They are available in multiple configurations, and come in 16-, 24- 32- and 48-pin QFN packages and a 48-pin SSOP package. The CY3280-20X66 CapSense Development Kit, the CY3280-XXX Plug-in Modules, and the CY3250-20xx6 ICE Pod Kits are all currently available from the Cypress eShop at www.cypress.com. For a high-resolution photo of a CY8C20xx6A PSoC device, visit www.cypress.com/go/PR/photos/CY8C20xx6.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol.

# # #

Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West Bridge are registered trademarks and SmartSense, CapSense Plus, S8, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., November 3, 2009 – Cypress Semiconductor Corp. (NYSE: CY), today introduced a high-sensitivity, high-speed CMOS image sensor targeted for the machine vision market. The new 1.3-megapixel VITA 1300 sensor combines a pipelined and triggered global snapshot shutter with a high frame rate of 150 frames-per-second (fps) for undistorted images and fast readout. The pipelined snapshot shutter capability enables exposure during read-out to reduce motion blur. The sensor also works in a rolling shutter mode with Correlated Double Sampling (CDS) to reduce noise and increase dynamic range. The new VITA 1300 family builds on the success of Cypress’s IBIS5 imagers in the machine vision market, and also addresses barcode scanning, motion monitoring and security applications.

The VITA 1300 sensor offers a 1/2-inch optical format with monochrome or color digital output. The sensor has four 10-bit digital Low Voltage Differential Signaling (LVDS) outputs that enable transfer of image data over a standard industry protocol at low power and low noise. It also has a multiple slope capability to maintain good contrast in shadowed regions without saturating bright areas in scenes with a high contrast ratio. Cypress will demonstrate its industry-leading custom and standard CMOS image sensor solutions at VISION 2009 in Stuttgart, Germany from November 3-5, in Hall 6, stand C 23. For more information on the VITA 1300 CMOS image sensor visit www.cypress.com/go/vita1300 or email imagesensors@cypress.com. 

“Cypress has established a leadership position in the machine vision market by providing a broad portfolio of high-performance CMOS image sensors with strong customer support,” said Georges Hiltrop, general manager of Cypress’s image sensor business unit. “The VITA 1300 sensor adds a pipelined shutter, over 5X faster frame-rate and other innovative features to the strong foundation the IBIS5 has built for machine vision applications.”

The VITA 1300 sensor has 1280 x 1024 active pixels with 4.8 µm x 4.8 µm pixel size. The image sensor integrates a programmable offset and gain amplifier for each channel of the LVDS outputs. Each channel runs at a 620 Mbps, which results in 150 fps frame rate at full resolution. Higher frame rates can be achieved by windowed or sub-sampled readout modes. Settings of the sensor are programmable over the SPI interface. All internal exposure and timing of read-outs are generated by an on-board sequencer. Extended optical dynamic range can be achieved by setting multiple slopes. The VITA 1300 sensor also features a 10-bit on-chip analog-to-digital converter (ADC) for digital output and on-chip timing control for easy application development.  An alternative data output is available through a single 10-bit parallel CMOS data output, operating at 62 Msps.

Availability
Samples of the VITA 1300 image sensor are expected to be available in February 2010, with production devices expected in the fourth quarter of 2010.

Cypress Image Sensors
Cypress offers standard and customized CMOS image sensors for consumer as well as industrial and professional applications. Consumer applications include solutions for fast growing high-speed machine vision, motion monitoring, medical imaging, intelligent traffic systems, security, and barcode applications. Cypress's customized CMOS image sensors are characterized by very high pixel counts, large area, very high frame rates, large dynamic range, and high sensitivity.

CMOS image sensors complement Cypress's technology and market strengths and expand Cypress's existing presence in numerous complementary markets where it sells a broad array of timing and USB solutions, configurable microcontrollers and memories.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at www.cypress.com.

* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol. 

# # #

Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West Bridge are registered trademarks and CapSense Plus, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., October 29, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced a free, online seminar that presents a revolutionary new embedded design platform based on Cypress’s PSoC® 3 and PSoC 5 architectures. The 60-minute webinar, entitled “Introducing an Evolutionary Leap in Embedded Design,” will be presented in conjunction with EE Times on Wednesday, November 11 at 9:00 a.m. PST. Online registration is available at www.cypress.com/go/psoc3and5webinar. 

The webinar will explore the embedded design challenges engineers face on a day-to-day basis and how to overcome them with true system-level programmability – the ability to use programmable resources to create, change and reuse designs quickly and efficiently in software – as exemplified by the PSoC programmable system-on-chip architecture. This new embedded design platform is powered by the PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

Attendees will learn how to apply a system-level programmable design methodology to embedded designs immediately, enabling adaptability to design changes, faster time-to-market, simplified analog design and protection of design IP. The webinar will conclude with a detailed Q&A period to address participants’ applications and designs.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE and SAN FRANCISCO, Calif., October 28, 2009 – Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NYSE:CY), and  Adura Technologies™, which creates turn-key wireless lighting management systems for commercial facilities, today announced they have formed a strategic sales and technology partnership. As part of the partnership, both companies will sell a fully compatible solution that combines Cypress Envirosystems’ Wireless Pneumatic Thermostat (WPT) and the Adura LightPoint System™ (ALPS™). The combined solutions can save between 30 and 50 percent of the overall energy use in a commercial building and enable facilities to connect to a Smart Grid.

HVAC and lighting are the top two energy users in most commercial buildings, typically representing 60 percent or more of the total energy use, and provide the biggest opportunities for energy savings. Cypress Envirosystems' WPT system brings “smart” communication to widely used pneumatic HVAC thermostats at a fraction of the cost and disruption of conventional retrofits, providing an automated method to cut air-conditioning or heating during peak periods. This relieves strain on the electrical grid and reduces demand during periods of high usage – a key goal of Smart Grid implementation.

Similarly, ALPS is a cost-effective system for monitoring and managing lighting in existing buildings that is easy to install and use.  ALPS provides a solution that scales from the individual light fixture to a floor, building or even a campus and enables automatic connection to the Smart Grid.  The result is designed to reduce both costs and carbon emissions.

“Our partnership with Adura means customers can rely on a single vendor to deliver an integrated solution to control both HVAC and lighting,” said Harry Sim, CEO of Cypress Envirosystems. “The combined solution makes it easier than ever before to connect older commercial buildings to a Smart Grid.”

“Cypress Envirosystems’ wireless pneumatic thermostat is a great pairing for our ALPS solution because the two can be installed simultaneously with minimal disruption to occupants”, said Zach Gentry, Adura chief strategy officer and co-founder. “The partnership helps advance Adura’s goal of extending the reach of its technology beyond lighting to other electrical devices throughout existing commercial buildings.  With the current green technology incentives from the U.S. government and utilities, the solution provides an even faster return-on-investment.”

For more information on improving the energy efficiency of buildings contact Cypress Envirosystems at info@cypressenvirosystems.com or Jim Sekinger, Adura vice president of business development, marketing@aduratech.com.

About the Wireless Pneumatic Thermostat
The patent pending WPT retrofits existing pneumatic thermostats to deliver direct digital control (DDC) functionality in minutes. Compared with a cost of $2,500 or more per zone for implementing DDC systems, the WPT costs less than 20% as much, and it may be installed in under 20 minutes with minimal disruption of occupants. It enables remote temperature sensing and control of setpoints, programmable zone control and night setback, automatic self-calibration, BACnet integration with existing automation systems, and enables use with utility Demand Response programs. It uses the Open-ADR communications standard developed by Lawrence Berkeley National Laboratories.

Cypress Envirosystems solutions employ Cypress Semiconductor Corp. products, including 2.4-GHz wireless radios and intelligent PSoC® programmable system-on-chip. Cypress is an industry leader in low-power, energy-efficient products.

About the ADURA LightPoint System™
The ADURA LightPoint System (ALPS™) provides a control platform that provides unprecedented management over commercial building lighting.  The heart of the system is the Wireless Light Controller that can control one or more ballasts or other lighting loads to provide the ultimate in granular control.  No longer does an entire floor of lighting need to be wasting energy only because a few lights are needed.  The control platform communicates with field devices such as switches, motion sensors, light sensors and the ALPS enterprise web software to provide flexible scheduling, daylight harvesting, occupancy control, and personal control and load shedding.

Beyond controlling lighting, the ALPS Enterprise database tracks and monitors energy use, carbon footprint, and peak load and shows you when and where you are using energy.  It also can provide valuable predictive maintenance information including reporting on failed lamps and ballasts.

About Adura Technologies
Adura Technologies™ is a clean energy technology company, applying low-power wireless mesh networking to the lighting controls market. The company designs, manufactures and commissions lighting management solutions for its customers. Adura’s mission is to provide cost-effective lighting solutions for the retrofit of commercial buildings so that building owners, tenants and facility managers can implement energy efficiency and load curtailment strategies that help reduce their operating costs and their carbon footprint. Adura is backed by a $5 million Series A investment co-led by VantagePoint Venture Partners, a leading clean tech investor based in San Bruno, CA, and Claremont Creek Ventures, an early-stage venture capital firm based in Oakland, CA.  For more information, visit www.aduratech.com. 

About Cypress Envirosystems Corporation
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NYSE: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.cypressenvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

Click HERE to view Q3-2007 Business Unit Summary Financials

Click HERE to view Q3-2007 Quarterly Financial Data

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• Record quarterly revenue of $449.5 million-SunPower and semiconductor group both grew strongly.
• Consolidated revenue increased 20.6% sequentially and 54.9% year-on-year.
• Semiconductor revenue increased 8.1% sequentially, or 12.2% adjusted for the Q2 PSRAM divestiture.
• PSoC^®revenue exceeded expectations, set a new quarterly record and grew 27% sequentially.
• Cypress shipped its 250 millionth PSoC mixed-signal array during the quarter.

SAN JOSE, Calif., October 18, 2007 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2007 third quarter was $449.5 million, a quarterly record, up 20.6% from prior-quarter revenue of $372.8 million and up 54.9% from year-ago third-quarter revenue of $290.2 million.

Cypress recorded GAAP net income of $29.8 million in the 2007 third quarter, or diluted earnings per share of $0.18. That compares with last quarter's diluted earnings per share of $2.29, which included a gain from the sale of SunPower shares. GAAP diluted earnings per share in the year-ago third quarter was $0.06.

Non-GAAP net income for the 2007 third quarter-earnings that exclude stock-based compensation, acquisition-related charges and other special charges and credits-totaled $44.9 million, or diluted earnings per share of $0.26. That compares with non-GAAP diluted earnings per share of $0.16 for both the prior quarter and the year-ago third quarter.

Cypress President and CEO T.J. Rodgers said, "Third-quarter revenue significantly exceeded our guidance due to the continued strong growth of our SunPower division and better-than-expected, seasonal semiconductor revenue-driven by CCD with record quarterly PSoC sales. Earnings leverage in the semiconductor group increased during the quarter in line with our projections, based in large part on our effort to refocus Cypress on programmable solutions and the continued success of our flexible manufacturing initiative. Revenue from programmable products reached 50% of our total semiconductor revenue for the first time in Q3, up from 43% in the second quarter."
 
Rodgers continued, "Semiconductor¹ direct margins remained strong, and ASPs increased sequentially for the seventh consecutive quarter, due to continued growth in our higher-margin, proprietary, programmable products. Our new product introductions remain robust. Cypress's PSoC and West Bridge™ devices continue to achieve significant new designs, while SunPower has continued to take market share from its competitors. Our semiconductor business and SunPower division are expected to achieve fiscal 2007 revenues greater than current First Call estimates. Assuming we do not encounter any major macroeconomic disruptions, we are well positioned to sustain substantial revenue gains into 2008. Coupled with the focused operating expense and capital model and our flexible-manufacturing strategy, we expect to deliver increasing long-term profits and cash-flow."

Additional third-quarter data and comparisons relevant to Cypress's business units are presented below:

BUSINESS REVIEW

  On a GAAP basis, third-quarter consolidated gross margin was 31.6%. Semiconductor gross margin for the third quarter was 45.4%, up 2.1 percentage points from the previous quarter.

  Non-GAAP consolidated gross margin for the third quarter was 33.2%, down 1.5 percentage points from the previous quarter due to a higher mix of SunPower revenue.

Non-GAAP semiconductor margin for the third quarter was 47.2%, up 2.3 percentage points from 44.9% in the previous quarter. Semiconductor gross margin improved significantly in Q3 due to a favorable product mix and higher planned factory output. Semiconductor net inventory decreased in the quarter.

  Consolidated GAAP diluted EPS of $0.18 increased 200.0% year-on-year. Consolidated non-GAAP diluted EPS of $0.26 increased 62.5% sequentially and 62.5% year-on-year.

Semiconductor book-to-bill ratio ended the quarter at 1.01, matching Q2.

THIRD-QUARTER 2007 HIGHLIGHTS

  Cypress grew its PSoC customer base to nearly 5,300 customers, a gain of 13.9% quarter-on-quarter and 83.9% percent year-on-year, far exceeding its original plan. Cypress's global PSoC customers include Hewlett-Packard, Cisco Systems, LG Electronics, Lenovo, Nintendo and Pentax, along with a host of small- and mid-sized companies. 

  Cypress shipped its 250 millionth PSoC mixed-signal array, driven by new design wins, which have increased 27 percent year on year and reached a record again in Q3. New PSoC design wins for the quarter included the MERIAN Scout Navigator GPS Personal Travel Assistant by iPublish GmbH, which is using Cypress's CapSense™ touchscreen controller solution, and Haier Group's CapSense-enabled touch-sensing washing machines and water heaters.

  Cypress introduced the PSoC FirstTouch™ Embedded Design Starter Kit, a $29.95 USB-compatible, thumbdrive solution that enables customers to develop and test applications right out of the box, including CapSense touch-sensing and temperature, light and proximity-sensing. The FirstTouch Kit represents the fastest, easiest, most cost-effective way for designers to begin working with PSoC hardware and software.

Cypress introduced PSoC Express™ 3.0, the latest generation of its revolutionary visual embedded system design software. PSoC Express software lets engineers create custom designs without writing a single line of complex microcontroller code. The latest version automates code generation and provides real-time design monitoring and tuning, accelerating the design process. PSoC Express 3.0 is an integral part of Cypress's FirstTouch kit.

  Cypress integrated Philips Lumiled's Luxeon^®K2 power LED device specifications into the content library of its PSoC Express 3.0 software. The software, part of Cypress's EZ-Color™ high-brightness (HB) LED solution, enables the creation of even the most challenging lighting designs with an intuitive, easy-to-use drag-and-drop interface. With their superior efficiency, color control and low power consumption, high-brightness LEDs are fast replacing conventional lighting solutions.

  Cypress shipped its 20 millionth 2.4-GHz wireless controller. Sales were driven by Cypress's second-generation WirelessUSB™ LP and PRoC™ LP devices, which have secured more than 200 design wins in low-power wireless applications over the past year.
 
SunPower announced the opening of its second manufacturing plant in the Philippines. The 463,000-square-foot facility is twice the size of the company's first plant, with a projected capacity of 330 MW. It will produce SunPower's 22%-efficient, second-generation solar cells.

  SunPower signed a 10-year silicon supply agreement with Hemlock Semiconductor Corp. Hemlock will begin delivering silicon to SunPower in 2010. The material is expected to support more than 2 gigawatts (GW) of SunPower silicon solar cell production. SunPower also signed two supply agreements with NorSun AS to support up to 2 GW of solar cell production.
 
  SunPower launched a program to install solar-electric power systems at 28 Macy's department stores in California. The company also announced an agreement with Agilent Technologies to install a one-megawatt solar-electric system at its Santa Rosa, Calif., campus.

Cypress sampled its first nonvolatile SRAM (nvSRAM), a 4-Mbit device. This nvSRAM technology is the industry's only CMOS-based, battery-free, nonvolatile SRAM solution. The device combines Cypress's 15-ns, high-speed SRAM technology with high-endurance SONOS (Silicon Oxide Nitride Oxide Silicon) nonvolatile Flash, and is the first product manufactured on the company's 0.13-micron SONOS process. The nvSRAM is used in high-value, failsafe applications.

   NetLogic Microsystems acquired Cypress's network search engine products targeting the high-volume desktop switching market. The transaction was valued at $12.0 million plus inventory costs. Cypress sold its NSE standard products business to NetLogic Microsystems in early 2006.

ABOUT CYPRESS

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks, and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com 

FORWARD-LOOKING STATEMENTS

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the fourth quarter of 2007, 2008 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995."" We use words such as ""believe,"" ""expect,"" ""future,"" ""plan,"" ""intend"" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the growth of our products, especially our proprietary products such as PSoC and West Bridge, our improved factory utilization, the success of our flexible manufacturing initiative to provide factory capacity, expected revenue growth, the demand and growth in the markets we serve, the stability of our ASPs, the effect of our divestitures, our growth, bookings, profit and revenue, and the success of SunPower's current and future projects. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due to a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, our ability to develop and roll-out new products, our ability to execute on our flexible manufacturing plan and maintain lower operating expenses, whether our products perform as expected, whether the demand for our PSoC and West Bridge products is fully realized, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, whether the expected growth in the markets we serve materializes, seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries, and other risks described in our filings, as well as SunPower's filings, with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

Cypress, the Cypress logo, and PSoC are registered trademarks of Cypress Semiconductor Corporation. PSoC Express, PRoC, Programmable System-on-Chip, FirstTouch, EZ-USB FX2LP, WirelessUSB, EZ-Color, CapSense, West Bridge and Antioch are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. Luxeon is a registered trademark of Philips Lumileds. All other trademarks or registered trademarks are the property of their respective owners.

Financials

Click HERE to view Q4-2007 and Year-End Business Unit Summary Financials

Click HERE to view Q4-2007 Quarterly and Year-End Financial Data

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• Record annual revenue of $1.60 billion, up 46.2% year-on-year.
• Q4 revenue of $431.2 million, 0.5% below median guidance but up 50.3% year-on-year.
• Fiscal year, fully diluted GAAP EPS increased $2.07 (or 828.0%) year-on-year; non-GAAP> EPS grew $0.31 (or 60.8%) year-on-year.
• PSoC® customer base expanded to 6,301, up from 3,371 customers year-on-year.

SAN JOSE, Calif., January 24, 2008 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2007 fourth quarter was $431.2 million, down 4.1% from $449.5 million for the prior quarter, and up 50.3% from $287.0 million for the year-ago period.

Cypress recorded GAAP net income of $8.0 million in the 2007 fourth quarter, or diluted earnings per share of $0.04. That compares with last quarter's diluted earnings per share of $0.18. GAAP diluted earnings per share in the year-ago fourth quarter was $0.09.

Non-GAAP> net income for the 2007 fourth quarter-earnings that exclude stock-based compensation, acquisition-related charges and other special charges and credits-totaled $46.2 million, or diluted earnings per share of $0.24. That compares with non-GAAP> diluted earnings per share of $0.26 for the prior quarter and $0.15 for the year-ago fourth quarter.

For the fiscal year 2007, Cypress posted total revenue of $1.60 billion, an increase of 46.2% from fiscal year 2006 revenue of $1.09 billion. On a GAAP basis, Cypress's fiscal year 2007 diluted earnings per share was $2.32, compared with diluted earnings per share of $0.25 in 2006. On a non-GAAP> basis, Cypress's fiscal year 2007 diluted earnings per share was $0.82, compared with diluted earnings per share of $0.51 in 2006-an increase of 60.8%.

Cypress President and CEO T.J. Rodgers commented, "The GAAP 2007 earnings figure overstates our true operating earnings by a factor of three due to one-time events. Nonetheless, we are very happy with genuine progress reflected in our non-GAAP> earnings of $0.82, up 60.8% for the year. Continued strong progress with strategic initiatives, such as our effort to refocus on programmable products and our flexible manufacturing initiative, combined with exceptional results from SunPower, resulted in record annual revenue of $1.60 billion and a solid 104.4% increase in non-GAAP> operating income, compared to 2006. Our stock price increased 118.1% in fiscal 2007, exceeding all major indexes by a wide margin for the third consecutive year.

"Cypress remained nicely profitable in a softening semiconductor market in the fourth quarter with non-GAAP> semiconductor gross margin reaching 48.8%. For the year, we claimed a record 4,755 major design wins, driven in large part by our high-margin programmable solutions and the strongest semiconductor product portfolio in our history. Our balance sheet contains not only $1.56 billion in cash and equivalents, but a 90% controlling voting stake in SunPower. It will provide many opportunities for us to drive shareholder value in 2008 and beyond.

"An industrywide consumer-segment slowdown late in the fourth quarter caused us to report an EPS of $0.24, just short of our EPS guidance range of $0.26 to $0.28. We expect normal seasonal, first-quarter softness in our core semiconductor business to be exacerbated by continued macroeconomic uncertainty. Nevertheless, we expect to achieve record consolidated revenue again in 2008.

"Our financial goals are simple: To grow semiconductor revenue faster than the overall market, and to increase profit at a rate far greater than sales."

BUSINESS REVIEW

  On a GAAP basis, fourth-quarter consolidated gross margin was 35.1%. Semiconductor gross margin for the fourth quarter was 47.3%, up 1.9 percentage points from the previous quarter.

  Non-GAAP> consolidated gross margin for the fourth quarter was 36.6%, up 3.4 percentage points from the previous quarter, due mainly to product mix and higher gross margin from SunPower.

Non-GAAP> semiconductor margin for the fourth quarter was 48.8%, up 1.6 percentage points from 47.2% in the previous quarter. Semiconductor gross margin improved in Q4 due to product mix and factory efficiencies.

  Consolidated GAAP diluted EPS of $0.04 for the fourth quarter decreased 55.6% year-on-year. Consolidated non-GAAP> diluted EPS of $0.24 increased 60.0% year-on-year.

Semiconductor book-to-bill ratio ended the fourth quarter at 0.88, compared with 1.01 in the 2007 third quarter. We were 76% booked at the beginning of the first quarter of 2008.

FOURTH-QUARTER 2007 HIGHLIGHTS

Interesting PSoC® design wins for the quarter included two models of the "Baby" line of Gaggia S.p.A. coffee machines, Pioneer Electronics' X-Z7 and X-Z9 Super home audio CD receiver and speaker systems, and Therma Blade Inc.'s hockey skate blades, which are heated using a PSoC-based control circuit. Heating reduces friction between the skate blade and the ice. These products also use the PSoC-based CapSense™ capacitive sensing solution as a replacement for mechanical buttons and sliders.

Cypress is the leader in capacitive sensing for mobile handsets with a market share of more than 70 percent, according to a new report by IMS Research. Cypress has shipped more than 40 million CapSense devices into the handset market in less than two years. Durable and stylish, capacitive sensing interfaces have also become a solution of choice in many cars, PCs, white goods and industrial products.

EDN magazine named Cypress's EZ-Color™ high-brightness LED controller one of its "Hot 100 Products of 2007." The PSoC Express™ visual embedded design tool used with the controllers enables designers to select LED colors with an easy-to-use drag-and-drop interface - without having to write software code. The software also automatically compensates for differences in LED performance characteristics, enabling lighting manufacturers to avoid paying a premium for high-end LED products.

Cypress introduced West Bridge™ Astoria™, a programmable peripheral controller offering the industry's fastest USB transfer rates. Astoria expands the West Bridge family beyond mobile handsets to embedded applications such as portable media players, portable navigation devices and digital cameras. Handsets using the West Bridge solution transfer multimedia files, such as audio and motion pictures, 2.7 times as fast as the second-best solution, according to a recent test by Semiconductor Insights, a leading industry analyst firm. The test results were featured in an article in EE Times, a leading electronics magazine.

Cypress announced that it will close its 0.35-micron semiconductor manufacturing facility in Round Rock, Texas, by the end of 2008. The company is considering options to monetize the equipment, building and land that has become prime real estate since it was purchased 21 years ago.

Cypress launched a business unit in Shanghai to centralize the company's Asia-Pacific design, manufacturing, and sales and marketing operations. Executive Vice President of Manufacturing and China Operations Shahin Sharifzadeh has relocated to manage the business. Cypress's sales in China are expected to triple over the next five years, led by demand for PSoC mixed-signal arrays in electric bicycles, consumer electronics, white goods and handsets.

SunPower announced plans to build five large-scale power plants in Spain totaling 47 megawatts. The company also completed a 14-megawatt system at Nellis Air Force Base-the largest photovoltaic installation in North America. SunPower's commercial installations included a 699-kilowatt solar-electric system at Shiseido America Inc. Projects announced during the quarter included new installations with HP and Toyota totaling more than three megawatts.

SunPower's Korean joint venture, Woongjin Energy Corp., dedicated a 500,000-square-foot solar silicon ingot pulling factory, boosting SunPower's long-term silicon supply pipeline. SunPower also reached a five-year supply agreement with Jiawei SolarChina Co. that will produce more than 900 megawatts of solar cells. Jiawei is a leading manufacturer of solar-LED wireless lighting in China.

  SunPower signed agreements with Morgan Stanley and GE Energy Financial Services to provide financing that allows customers to install solar-electric systems with no upfront capital costs. Major customers participating in the program include WalMart, Macy's, HP, Agilent, and Toyota Motor Sales.

  SunPower signed a definitive agreement to acquire Solar Solutions, an Italian solar systems integrator and distributor. The acquisition is expected to close during the first quarter.

ABOUT CYPRESS

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks, and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets, including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

FORWARD-LOOKING STATEMENTS

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the first quarter of 2008 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "believe," "expect," "future," "plan," "intend" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the semiconductor market, the state and future of the economy, the growth of our products, the strength of our programmable product portfolio, especially our proprietary products such as PSoC and West Bridge, our improved factory utilization, the success of our flexible manufacturing initiative to provide factory capacity, expected revenue growth, the demand and growth in the markets we serve, the stability of our ASPs, the effect of our divestitures, our growth, bookings, profit and revenue, and the success of SunPower's current and future projects. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, our ability to develop and roll out new products, our ability to execute on our flexible manufacturing plan and maintain lower operating expenses, whether our products perform as expected, our ability to grow our China business unit, whether the demand for our PSoC and West Bridge products is fully realized, customer acceptance of Cypress and its subsidiaries' products as evidenced by design wins, factory utilization, whether the expected growth in the markets we serve materializes, seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries, and other risks described in our filings, as well as SunPower's filings, with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

Cypress, the Cypress logo, and PSoC are registered trademarks of Cypress Semiconductor Corporation. PSoC Express, Programmable System-on-Chip, EZ-Color, CapSense, West Bridge and Astoria are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. All other trademarks or registered trademarks are the property of their respective owners.

Financials

Click HERE to view Q2-2007 Business Unit Summary Financials

Click HERE to view Q2-2007 Quarterly Financial Data

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• Record quarterly consolidated revenue of $372.8 million surpassed Q4 2000 record.
• Q2 2007 consolidated revenue increased 8.7% sequentially and 40.6% year-on-year.
• SunPower and PSoC® set new quarterly revenue records.
• PSoC customer base expanded 11% quarter-on-quarter to nearly 4,700.
• Semiconductor R&D expense declined to its lowest level in seven years due to the divestiture of non-strategic businesses.
• Over the past two quarters, Cypress has repurchased 28.9 million shares at an average price of $19.78 under the Accelerated Share Repurchase program announced in Q1. In addition, a $300 million share buyback program is still outstanding.

SAN JOSE, Calif., July 19, 2007 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2007 second quarter was $372.8 million, up 8.7% from prior-quarter revenue of $342.9 million and up 40.6% from year-ago second-quarter revenue of $265.2 million.

Cypress recorded GAAP net income of $363.4 million in the 2007 second quarter, or diluted earnings per share of $2.29. This compares with last quarter's diluted net loss per share of $0.01. GAAP diluted earnings per share in the year-ago second quarter was $0.04 per share. The large increase in the 2007 second quarter earnings per share was primarily due to a significant gain from the sale of 7.5 million shares of SunPower Corporation common stock. Cypress continues to own 44.5 million SunPower Class B common shares with a current market value of approximately $3.1 billion.

Non-GAAP(1) net income for the 2007 second quarter-earnings that exclude gains from the sale of SunPower common stock, stock-based compensation, acquisition-related charges and other special charges and credits-totaled $26.8 million, or diluted earnings per share of $0.16. This compares with the prior quarter's non-GAAP1 diluted earnings per share of $0.16 and $0.13 in the year-ago second quarter.

On a GAAP basis, second-quarter consolidated gross margin was 32.9%, down 5.7 percentage points from the prior quarter. Semiconductor gross margin(2) for the second quarter was 43.3%, down 3.5 percentage points from the previous quarter. Semiconductor gross margin was down 4.8 percentage points from 48.1% in the year-ago second quarter.

Non-GAAP(1) consolidated gross margin for the second quarter was 34.7%, down 5.5 percentage points from the previous quarter due to a higher mix of SunPower revenue. Non-GAAP(1) semiconductor margin for the second quarter was 44.9%, down 3.3 percentage points from 48.2% in the previous quarter and down 4.4 percentage points from 49.3% in the year-ago second quarter.

Cypress President and CEO T.J. Rodgers said, "Record revenue! If someone had told me in the fourth quarter of 2000, when we achieved record revenue during the dot.com boom, that we would not set a new record again until the second quarter of 2007-and that our memory division would be our third-biggest, behind a new programmable products division and a solar energy division-I would have laughed at them. But that is the journey we have taken to survive and prosper in our highly competitive industry, where 47 of the 59 U.S. semiconductor companies in business when Cypress was founded in 1982 no longer exist.

"Revenue for the second quarter of 2007 exceeded our guidance due to the continued strong growth of our SunPower division and record revenue from our fast-growing PSoC business unit. Cypress continued to focus on higher-margin programmable solutions in the second quarter; they accounted for 43% of our semiconductor revenue.

"Semiconductor ASPs remained reasonably strong and increased sequentially for the seventh consecutive quarter. As expected, semiconductor gross margins decreased in Q2 due to divestitures, product mix and lower factory utilization. We expect gross margins to increase sequentially over the next few quarters toward our target of 50%, driven by the strong growth of our proprietary products and improved factory utilization that will result from sequential revenue growth that we are expecting across the business in the third and fourth quarters of 2007."

Consumer and Computation Division (CCD)

CCD revenue was $85.5 million in the second quarter, up 11.3% from the prior quarter, exceeding our expectations. Driven by record sales of the PSoC mixed-signal array, CCD revenue accounted for 22.9% of Cypress's second-quarter revenue. Cypress's PSoC customer count expanded 10.6% quarter-on-quarter to nearly 4,700 customers; new design activity in all major end markets remained very strong. Third-quarter revenue is expected to increase due to continued strong demand from the consumer and handset sectors.

Second-quarter highlights for the division include:

+ Cypress introduced a touch screen solution based on its PSoC® CapSense™ technology. The new solution leverages Cypress's flexible PSoC mixed-signal array architecture to deliver high-accuracy, flexible touch-screen performance to mobile handsets, smartphones, and portable media players, as well as video games, point-of-sale terminals and white goods. Stylish touch screens are becoming a more popular interface for handheld consumer devices.

+ Cypress launched its EZ-Color™ high-brightness LED (HB-LED) solution in the second quarter. With their superior efficiency and color control, HB-LEDs are fast replacing conventional lighting solutions in entertainment, architectural and stadium-caliber displays; backlighting for cell phones, digital-still cameras and high-definition televisions; and a wide range of other applications. The HB-LED sector is expected to grow from $3.7 billion in 2006 to more than $7 billion by 2010, according to market research firm iSuppli Corp. EZ-Color controllers are supported by PSoC Express™ software, Cypress's breakthrough visual embedded system design tool, which enables designers to create even the most challenging lighting designs with an intuitive, easy-to-use, drag-and-drop interface - without having to write complex microcontroller code. The EZ-Color module enables users to produce precise colors by simply selecting the desired color from an on-screen color gamut diagram embedded in PSoC Express. The software provides HB-LED binning compensation and temperature compensation algorithms to improve color accuracy and stability relative to competing solutions.

+ Cypress announced that Hewlett-Packard selected its CapSense™ touch-sensitive interface solution for the multimedia buttons on several of its HP Compaq® Notebook PC models. CapSense, a PSoC-based alternative to mechanical buttons and sliders, adds elegance, integration and reliability to end-product designs.

+ Cypress released version 4.4 of its PSoC Designer™ Integrated Development Environment that is compatible with Microsoft's new Windows Vista™ operating system. PSoC Designer is a unique software platform that allows our customers to design custom, proprietary systems on chip in hours, instead of days or weeks. The software platform took Cypress designers more than 70 man years to create. Cypress also introduced PSoC evaluation kits to implement motion detection and port expansion in a variety of end products.

+ Cypress published "The Beginner's Guide to PSoC Express," the sixth book on PSoC platform software, targeting students, hobbyists and professional engineers. More information is available at www.cypress.com/psocbook."

+ Harman Kardon® selected Cypress's PRoC™ LP Programmable Radio-on-Chip for the remote control of its Drive + Play 2 Mobile Media Manager, a wireless, automotive system that enables users to browse content on their iPods, satellite radio systems and multimedia phones. PRoC LP integrates PSoC and Cypress's 2.4-GHz WirelessUSB™ LP transceiver, providing unparalleled low power and robust immunity to radio interference.

+ Electronic Engineering & Product World (EEPW) magazine, one of China's leading electronics magazines, recognized PRoC LP with a 2006 Editor's Choice Technology Innovation Award.

+ Cypress introduced the CYONS1001G OvationONS™ precision laser navigation sensor targeting high-performance mice for gaming and graphic design. OvationONS uses high-speed position sampling to deliver an instantaneous, high-resolution response, enhancing the user experience.

Data Communications Division (DCD)

DCD revenue was $27.4 million in the second quarter, down 15.7% from the prior quarter, below expectations, due to the discontinuation of older products. Divisional revenue accounted for 7.3% of second-quarter revenue. DCD revenue is expected to increase in the third quarter due primarily to increased shipments of West Bridge™ peripheral controllers to cell phone makers.

Second-quarter highlights for the division include:

+ Cypress's new West Bridge Antioch™ peripheral handset controller continued to gain traction with major cell phone makers during its first full-quarter of mass production. The first phones featuring the device are expected to begin shipping in the third quarter. The Antioch controller enables a full CD of music to be transferred from a PC to a cell phone in less than a minute, compared with more than 10 minutes for conventional solutions.

Memory and Imaging Division (MID)

MID revenue was $83.4 million in the second quarter, down 1.5% from the prior quarter, consistent with our expectation. Divisional revenue accounted for 22.4% of second-quarter revenue. Overall MID revenue is expected to decrease in the third quarter due to the divestiture of the Pseudo-Static Random Access Memory (PSRAM) business unit. Excluding PSRAMs, SRAM revenues are expected to increase in the third quarter. MID gross margins are also expected to increase.

Second-quarter highlights for the division include:

+ EE Times China, a leading electronics publication, named Cypress's nonvolatile SRAM (nvSRAM) family its "Memory Product of the Year." Cypress's nvSRAMs deliver the high-speed of SRAMs along with the ability to store information with the power off (non-volatility) of Flash memory. This long sought-after combination is ideal for any application requiring continuous high-speed data recording and robust data security, including "black box" recorders, Redundant Array of Independent Disks (RAID) systems, copiers, point-of-sale terminals, handheld meters and consumer electronics. Cypress's nvSRAMs are being developed with Simtek Corp.

+ Cypress delivered a CMOS image sensor solution that allows data to be read at 500 frames-per-second to InPhase Technologies for use in its Tapestry™ holographic data storage system. Holographic storage records data three-dimensionally, throughout the storage medium, not just on the surface.

+ Taiwan-based Elite Semiconductor Memory Technology Inc. acquired Cypress's PSRAM product line, including all PSRAM-related intellectual property, photomasks and probe-card assets in a Q2 technology-transfer agreement.

 
SunPower Corporation

SunPower achieved record revenue of $173.8 million in the second quarter, up 22.1% from the prior quarter and up 217.7% from the 2006 second quarter, driven by continued strong demand for solar systems from the industrial, commercial and residential sectors. SunPower accounted for 46.6% of Cypress's second-quarter revenue. SunPower revenue is expected to increase in the third quarter.

On a GAAP basis, SunPower posted a gross margin of 21.0% in the second quarter of 2007, compared with 27.0% in the first quarter. SunPower posted a non-GAAP gross margin of 23.0% in the second quarter of 2007, compared with 29.0% in the first quarter. The main difference between GAAP and non-GAAP figures is due to the amortization of intangibles and employee stock compensation.

Second-quarter highlights include: 

+ Sandia National Laboratories certified SunPower's new SPR-315 315-watt solar panel at 321.65 watts-with the highest-recorded conversion efficiency ever for a commercially available, mass-produced solar panel.

+ SunPower introduced the next generation of its SunPower® Tracker system-a mechanically tilted platform that follows the sun. The system's 10 panels generate 30 percent more electricity than fixed-mounted systems.

+ SunPower kicked off construction of the largest solar electric system in North America at Nellis Air Force Base near Las Vegas. The 140-acre system, consisting of 70,000 solar panels mounted on 7,000 SunPower Tracker systems, will generate 15 megawatts of power, which is more than 25 percent of the power used at the base. Click www.cypress.com/nellistracker to see a photo of the SunPower Tracker system." Click www.cypress.com/nellissat for a satellite view of the Nellis installation.

+ SunPower contracted with Wal-Mart Stores Inc." to install more than four megawatts of solar power at seven facilities in California. Investment banker Morgan Stanley will purchase the systems and sell the solar energy to Wal-Mart under an innovative new funding initiative, SunPower Access™.

+ SunPower announced a contract with retailer Macy's Inc. to install rooftop solar systems at 26 California stores, providing a combined eight megawatts of solar power. In addition, SunPower completed several solar-power system projects during the quarter, including a 9.9-kilowatt system at Coors Field in Colorado, the home of Major League Baseball's Colorado Rockies; and two solar-power systems at Tiffany & Co. retail distribution centers in New York, providing a combined 1.3 megawatts of power.

+ Ernst & Young named SunPower CEO Tom Werner Entrepreneur of the Year® for 2007 in the Engineering and Manufacturing category for Northern California. SunPower Chairman T.J. Rodgers received the Entrepreneur of the Year award in 1991.

+ Cypress donated SunPower solar panels to a coral reef rehabilitation project in the Philippines' Sagay Marine Reserve. The installation passes electrical current from panels mounted on a raft through submerged steel rebar, encouraging coral polyps attached to the rebar to regenerate five times faster than normal. The project is sponsored by the Massachusetts Institute of Technology.

Other Developments

+ Cypress redesigned its website - www.cypress.com - to support its drive to become a leading provider of programmable solutions and to facilitate sales to a broader range of small and midsized companies." The improved site significantly reduces the number of "clicks" required for customers to access critical product information and makes resources associated with programmable product design-including application notes, software and development kits-much easier to find.

+ Cypress reached an agreement to license its 0.13-micron Silicon Oxide Nitride Oxide Silicon (SONOS) embedded memory technology to Shanghai's Hua Hong NEC Electronics Co. Ltd.

+ Newark Electronics, a subsidiary of catalog distributor Premier Farnell, signed a franchise agreement with Cypress to sell its PSoC mixed-signal arrays, USB controllers and timing products. Cypress is increasing its catalog coverage in an effort to triple its customer base.

+ In May, Cypress sold 7,500,000 shares of SunPower Corporation's Class B common stock in an offering pursuant to Rule 144 of the Securities Act. As of the end of Q2, Cypress retained 44,533,287 shares of SunPower Corporation Class B common stock, which equals approximately 59% basic ownership or 55% on a fully diluted basis. Cypress controls approximately 92% of the voting rights and its ownership stake has a current market value of $3.1 billion as of July 18, 2007.

Conclusion

Rodgers concluded, "Using the net proceeds from a $600 million convertible bond offering in Q1, Cypress successfully purchased and retired 28.9 million shares of common stock at an average price of $19.78-substantially below our recent stock price of approximately $25 per share. We also monetized a $437 million piece of our SunPower holdings and now have a solid $800 million cash position in our semiconductor business.

"We are well-positioned for continued growth in the second half of 2007-and into 2008-based on strong new product introductions and continued design-win strength in our PSoC and West Bridge business units, and significant revenue growth by the SunPower division. Coupled with lower operating expenses and our "No More Moore" and flexible-manufacturing strategies, we expect to deliver long-term profits and cash flow to our shareholders."

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks, and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the third quarter of 2007, the rest of 2007 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "believes," "expects," "future," "plan," "intends" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the growth of our proprietary products, such as PSoC and West Bridge, our improved factory utilization, expected revenue growth, the demand and growth in the markets we serve, the stability of our ASPs, the effect of our divestitures, our growth, bookings, profit and revenue, and the success of SunPower's current and future projects. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, our ability to develop and roll-out new products, our ability to , our ability to execute on our flexible manufacturing plan and maintain lower operating expenses, whether our products perform as expected, whether the demand for our PSoC and West Bridge products is fully realized, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, whether the expected growth in the markets we serve materializes, seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries, and other risks described in our filings, as well as SunPower's filings, with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

Cypress, the Cypress logo, and PSoC are registered trademarks of Cypress Semiconductor Corporation. PSoC Express, PSoC Designer, Programmable System-on-Chip, PRoC, Programmable System-on-Chip, EZ-USB FX2LP, WirelessUSB, EZ-Color, CapSense, Ovation ONS, West Bridge and Antioch are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. Compaq is a registered trademark of HP. Entrepreneur of the Year is a registered trademark of Ernst & Young. Windows Vista is a trademark of Microsoft Corp. All other trademarks or registered trademarks are the property of their respective owners.  

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Financials

Click HERE to view Q1-2006 Business Unit Summary Financials.

Click HERE to view Q1-2006 Financial Statements.

Click HERE to view Q1-2006 Adjusted-GAAP and GAAP Financial Statements.

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· Exceeded Q1 revenue and EPS guidance
· Q1 revenue: $249.1 million-Up 24.4% year-on-year
· Q1 adjusted-GAAP diluted EPS1: $0.07-Up $0.03 quarter-on quarter
· SRAM business returned to profitability  
· SunPower revenue increased 43.0% quarter-on-quarter, exceeding expectations

SAN JOSE, Calif., April 20, 2006 - Cypress Semiconductor Corp." (NYSE: CY) today announced that revenue for the 2006 first quarter was $249.1 million, up 4.5% from prior-quarter revenue of $238.5 million and up 24.4% from year-ago first-quarter revenue of $200.3 million.

Cypress posted GAAP net income of $7.1 million in the 2006 first quarter, or diluted earnings per share of $0.05. This compares with the prior quarter's diluted net loss per share of $0.02 and a diluted net loss per share of $0.53 in the year-ago first quarter. Effective January 2, 2006, we adopted SFAS 123(R), "Share-Based Payment," and recorded a non-cash, stock-based compensation charge of $10.7 million that is recorded directly in the cost of revenue, research and development, and selling, general and administrative expenses. In addition, our first-quarter GAAP results include other significant non-cash and one-time charges or credits. This includes approximately $6.2 million of acquisition-related charges and the resulting amortization of intangibles for acquisitions primarily made before 2005. Of the $6.2 million approximately $1.4 million was recorded in research and development expenses and is one example of a historical event that impacts the current quarter's results. Cypress also had one-time gains associated primarily with the sale of investments of $10.0 million and a one-time gain of $6.0 million on the sale of the standard Network Search Engine (NSE) business.

On an adjusted-GAAP basis(1)-excluding charges for stock-based compensation and the amortization of intangibles and other acquisition-related charges, restructuring and special charges and credits-the 2006 first quarter resulted in a net profit of $10.0 million, or diluted earnings per share of $0.07(1). This compares with the prior quarter's diluted earnings per share of $0.04(1). Diluted net loss per share in the year-ago first quarter was $0.19(1).

Gross margin on an adjusted-GAAP basis(4) for the first quarter was 41.9%(4), up 0.8% from the previous quarter, driven mainly by improvements from our Consumer and Computation Division (CCD) and Memory and Imaging Division (MID).

Cypress President and CEO T.J. Rodgers said, "The first quarter of 2006 started off well with $249 million in revenue and an adjusted-GAAP EPS of $0.07(1) for the quarter-both figures ahead of analysts' estimates. Our EPS increase, from $0.04(1) in the fourth quarter of 2005 to $0.07(1) in the first quarter of 2006, was led by the SRAM business unit of the Memory and Imaging Division, which returned to profitability for the first time since the third quarter of 2004 due to restructuring, new products, lower R&D investment and the conversion of 27% of SRAM revenue to 90-nm technology. In addition, SunPower increased its contribution to Cypress EPS from $0.01(1) last quarter to $0.02(1) this quarter. We expect both groups to increase their contribution to EPS in the second quarter. Gross margin for the corporation increased to 41.9%(4) in the first quarter from 41.1%(4) in the prior quarter; these figures were impacted by the percentage of SunPower business in the mix. The gross margin of Cypress's semiconductor business increased to 46.9%(4) in the first quarter, approaching our stated model of 50%(4). Our bookings will allow us to continue the trend in revenue and earnings growth next quarter."

Consumer and Computation Division (CCD)

CCD revenue was $89.2 million in the first quarter, down 0.9% from the prior quarter, consistent with our expectation. Divisional revenue accounted for 35.8% of first-quarter revenue, driven by broad-based USB market strength, including new designs in low-power, mobile applications. Second-quarter revenue is expected to decline slightly due to delayed seasonality in our USB business after a strong first quarter, mitigated by growth in our non-consumer Programmable System-on-Chip™ (PSoC®) business and increased sales of clocking solutions for gaming and HDTV systems.

CCD posted a gross margin of 51.0%(4) in the first quarter, up from 45.4%(4) in the fourth quarter, due to a shift in product mix and improved manufacturing efficiencies. The division contributed $0.05(1) earnings per share to the company's net income in the first quarter, compared with $0.07(1) in the fourth quarter. The lower earnings per share contribution on substantially improved gross margin was due to increased R&D investment. CCD's contribution to earnings per share is expected to be flat in the second quarter.

First-quarter highlights for the division include:

+ Pentax selected Cypress's PSoC mixed-signal array for its 8-megapixel Optio A10 digital camera. The PSoC device acts like a flash-configurable ASIC in the camera and helps to drive Pentax's Shake Reduction system for sharper images.

+ LG Electronics Inc. chose Cypress's PSoC-based capacitive-touch-sensing solution-CapSense- for its new consumer air purifier. CapSense replaces mechanical buttons and sliders, enabling a cleaner, more durable user interface in a wide variety of applications. Last year, LG designed CapSense into its Cyon™ "Slider" mobile phone.

+ Cypress introduced the MoBL-USB™ TX2 USB 2.0 transceiver, a high-speed USB device with industry-leading power characteristics optimized for Intel's Monahans processor family, where it enables the transfer of multimedia content among next-generation handsets and mobile devices. MoBL-USB TX2 is the industry's smallest high-speed USB transceiver.

+ Cypress has shipped more than 20 million of its low-power, high-speed EZ-USB LP™ controllers since the product ramped to volume production in April 2005. The controllers enable mobile phones, docking stations, portable media players and flash drives to run off the power of the USB bus.
 
+ Cypress and AuthenTec introduced a USB reference design kit that enables the makers of portable disk drives to add fingerprint security for under $7. The kit provides a secure, cost-effective alternative to standard password protection.

+ Torex Semiconductor Ltd. announced that it will use Cypress's power-efficient 2.4-GHz WirelessUSB™ radio system-on-a-chip and Cypress microcontrollers for human interface devices in a new family of voltage converters.

+ EDN, a leading electronics design publication, named two Cypress products to its list of "100 Hot Products" for 2005. Cypress's Programmable Radio-on-a-Chip™ (PRoC™) solution integrates WirelessUSB and the PSoC mixed-signal array. EDN also cited Cypress's enCoRe™ II (Enhanced Component Reduction™) low-speed USB controller.

Data Communications Division (DCD)

DCD revenue was $32.0 million in the first quarter, down 5.3% from the prior quarter, consistent with our expectation. Divisional revenue accounted for 12.9% of first-quarter revenue. Growth in specialty memories was offset by the loss of revenue from the standard NSE business, which was sold during the quarter. DCD revenue is expected to increase in the second quarter, driven by sales of 90-nm dual-port interconnects and video equalizer products.

DCD posted a gross margin of 63.0%(4) in the first quarter, down slightly from 63.7%(4) in the fourth quarter. The division contributed $0.02(1) earnings per share to our net income in the first quarter, compared with $0.02(1) in the fourth quarter. DCD's contributions to earnings per share are expected to increase in the second quarter.

First-quarter highlights for the division include:

+ Cypress completed the sale of its NSE standard products business to NetLogic Microsystems (Nasdaq: NETL) for $50 million in NETL common stock. Cypress retains and continues to support its custom TCAM1 and TCAM 2 products, which are sold to Cisco Systems Inc.

+ Cypress sampled a family of dual-port interconnects with up to 36 gigabits per second (Gbps) throughput, more than double the throughput of competitive products. FullFlex™ dual-ports facilitate interprocessor communications in data-intensive applications such as wireless basestations, image processing, instrumentation and networking.

+ Cypress launched a family of asynchronous dual-port interconnects with the industry's lowest power consumption and smallest footprint. The devices, which enable digital home appliances to share data at up to 400 megabits per second (Mbps), support new services such as video on-demand and "triple play" transmissions combining video, data and voice.

Memory and Imaging Division (MID)

MID revenue was $76.2 million in the first quarter, up 0.8% from the prior quarter, exceeding our expectation. Divisional revenue accounted for 30.6% of first-quarter revenue. First-quarter revenue benefited from an increase in SRAM sales to networking and wireless customers and continued consolidation in the SRAM market. SRAM demand and overall MID revenue are expected to increase in the second quarter.

MID posted a gross margin of 34.2%(4) in the first quarter, compared with 30.2%(4) in the fourth quarter. The increase was the result of a continued conversion to 90-nm linewidths and a more favorable pricing environment. The division had a net loss per share of $0.01(1) in the first quarter, compared with a net loss per share of $0.05(1) in the fourth quarter. MID's contribution to earnings per share is expected to improve in the second quarter due to revenue gains and the continued improvement of gross margins.

First-quarter highlights for the division include:

+ Cypress's LUPA-300 VGA-resolution image sensor was named a "2005 Product of the Year" by analogZONE, a leading electronics website. The LUPA-300, used in machine vision and motion-analysis applications, features a high frame rate and a fully synchronous snapshot shutter, enabling it to read one image while the next is being acquired and to capture moving objects without distortion.

+ Cypress's ACM100-1 CMOS monochrome camera module for automotive safety applications has been named Automotive Engineering International magazine's top digital imaging product of 2005.

+ Cypress introduced an evaluation kit to help automotive designers quickly develop imaging systems with its CMOS-based Autobrite® adaptive wide-dynamic-range technology. Autobrite provides near-infrared light sensitivity in safety-oriented applications such as night vision, blind-spot detection and pedestrian detection, discerning images that conventional systems may fail to pick up.

+ Cypress sampled the industry's first family of 72-Mbit Quad Data Rate™ II+ (QDR II+) and Double Data Rate II+ (DDR II+) SRAM devices. The new memories deliver 50% more system-level bandwidth than conventional QDR II and DDR II devices. They are used in networking, wireless infrastructure and storage applications.

 + Cypress qualified its 4-Mbit fast asynchronous SRAM family and its 1-Mbit and 8-Mbit MoBL SRAM families. These high-speed, low-power devices are manufactured on Cypress's 90-nm process technology. They are used primarily in handheld communications devices.

SunPower Corporation

Revenue from Cypress's SunPower subsidiary was $42.0 million in the first quarter of 2006, up 43.0% from the prior quarter, exceeding our expectation and moving SunPower from fourth place to third place in revenue among Cypress's four divisions. SunPower accounted for 16.8% of Cypress's first-quarter revenue. SunPower's revenue growth was driven by the ramp of our second and third solar cell production lines in the Philippines. The plant's annual solar cell production capacity stands at 75 MW and is expected to exceed 100 MW by year-end. We expect revenue to grow again in the second quarter as we continue to ramp Line 3 capacity.

SunPower posted a gross margin of 16.8%(4) in the first quarter of 2006, compared with 19.8%(4) in the fourth quarter of 2005. SunPower accounted for earnings per share of $0.02(1) in the first quarter, compared with earnings per share of $0.01(1) in the fourth quarter. SunPower's contribution to earnings per share is expected to increase in the second quarter.

First-quarter highlights include:
          
+ SunPower's Board of Directors approved plans to proceed with construction of a new 200 MW solar cell manufacturing facility. Production at this second solar cell factory will begin in 2007 and allow continued capacity expansion to 300 MW.

+ SunPower became the first solar module maker certified to meet rigid new quality and safety guidelines issued by the International Electrotechnical Commission (IEC)-the electronics industry's leading standards body. Conformity to IEC standards helps to ensure the compatibility and acceptance of SunPower products across multiple countries and markets.

Cypress Subsidiaries

Revenue from Cypress subsidiaries was $9.7 million in the first quarter, down 0.3% from the prior quarter and accounting for 3.9% of first-quarter revenue. We expect subsidiary revenue to be flat to slightly up in the second quarter.

The gross margin for our subsidiaries was 57.4%(4) in the first quarter, compared with 70.2%(4) in the fourth quarter, and was impacted by a one-time contract charge incurred by Silicon Light Machines. Subsidiary businesses reported a net loss per share of $0.01(1) in the first quarter, unchanged from the fourth quarter. The subsidiary contribution to earnings per share is expected to be flat in the second quarter.

Other Developments

+ Cypress named Babak Hedayati senior vice president of worldwide marketing, responsible for strategic and vertical marketing, mergers and acquisitions, and corporate marketing communications. Hedayati joined Cypress from Xilinx where he headed the Worldwide Product Solutions Marketing organization. He helped transform Xilinx from a glue logic vendor, making simple logic circuits that connect complex devices, into a programmable logic system solutions provider. Hedayati's 18-year career also includes strategic marketing and management positions at Altera, 3DO, Zycad and National Semiconductor.

 + Grace Semiconductor Manufacturing Corp., our newest foundry partner driving our Flexible Manufacturing Initiative, has delivered first silicon ahead of schedule for our PSoC product line.

Conclusion

Rodgers concluded, "Our PSoC product line currently positions us well in the consumer, computation and industrial markets, and SunPower positions us well in the rapidly growing solar market. These positions have been enhanced by the unexpected departure of several major competitors in the SRAM market, the market that drives the baseline that currently fills our wafer fabrication plants to capacity. We are building that capacity by transferring some of our legacy products and technologies to foundries in Korea and China to expand our capacity without significant new investment. In addition, we have announced that the 65-nm generation will be the last tranche of Cypress's investment in the Moore's Law curve, again minimizing the capital required to move forward. Our investors have apparently noted the combination of Cypress's strong product and technology positioning with our new strategy of limiting investment: Our share price has appreciated by 30% year-to-date, significantly ahead of both the SOXX and S&P indices. Barring a softening of semiconductor industry fundamentals in the second half of 2006, this year should be our first $1 billion year since the dot.com boom of 2000."

About Cypress

Cypress solutions perform: consumer, computation, data communications, automotive, industrial, and solar. Leveraging proprietary silicon processes, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions and reconfigurable mixed-signal arrays. Cypress trades on the NYSE under the ticker symbol CY. Visit us at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the second quarter of 2006, revenue for 2006, and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify forward-looking statements that include, but are not limited to, statements related to prices, growth, supply, shipments, new products, profit and revenue. Such statements reflect our current expectations which are based on information and data available to our management as of the date of the release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, competition, our ability to roll-out new products, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, seasonality in the markets we serve, our ability to improve our gross margins and realize our bookings, the financial and operational performance of our subsidiaries, including SunPower's ability to ramp production, and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures, including adjusted-GAAP gross margins, which are adjusted from the most directly comparable GAAP results to exclude items related to acquisitions, including amortization of intangibles, in-process research and development and stock-based compensation, off-balance sheet lease guarantee loss contingency, restructuring, impairment on investments, gains or losses on investments and other non-recurring costs. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, PSoC, Autobrite, MoBL and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, Programmable Radio-on-a-Chip, PRoC, MoBL-USB, EZ-USB LP, Quad Data Rate, WirelessUSB, FullFlex and enCoRe are trademarks of Cypress Semiconductor Corporation.

SunPower is a registered trademark of SunPower Corporation.

Cyon is a trademark of LG Electronics Mobile Communications Company.

All other trademarks or registered trademarks are the property of their respective owners.

(1) Adjusted-GAAP EPS, shown here on a fully diluted basis, excludes stock-based compensation charges, amortization of intangibles and other acquisition-related charges, in-process research and development, restructuring and special charges and credits. Adjusted-GAAP EPS by segment is calculated using the diluted weighted average share count utilized for the consolidated reported results. Management evaluates the company using the same weighted average share count as utilized for consolidated reporting purposes.

(2) There is not a directly comparable GAAP measure for the segment adjusted-GAAP EPS as management does not allocate GAAP reconciling items to the segments. The most directly comparable GAAP measure is at the consolidated results level which is presented above.

(3) CCD is the Consumer and Computation Division; DCD is the Data Communications Division; MID is the Memory and Imaging Division.

(4) Adjusted-GAAP gross margin percentage excludes the impact of stock-based compensation and other acquisition-related charges and credits.

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FINANCIALS:

Click HERE to view Q4-2005 Business Unit Summary Financials.

Click HERE to view Q4-2005 Financial Statements.

Click HERE to view Q4-2005 Adjusted-GAAP and GAAP Financial Statements.

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SAN JOSE, Calif., January 26, 2006 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2005 fourth quarter was $238.5 million, up 5.0% from prior quarter revenue of $227.1 million and up 13.5% from year-ago fourth-quarter revenue of $210.2 million.

Cypress posted a GAAP net loss of $2.2 million in the 2005 fourth quarter, or a diluted loss per share of $0.02. This compares with last quarter's diluted loss per share of $0.04. Diluted loss per share in the year-ago fourth quarter was $0.22 per share.

On an adjusted-GAAP basis-excluding the amortization of intangibles and other acquisition-related, restructuring and special charges and credits-the 2005 fourth quarter resulted in a net profit of $5.8 million, or diluted earnings per share of $0.04. This compares with the prior quarter's diluted earnings per share of $0.03. Diluted loss per share in the year-ago fourth quarter was $0.14.

Gross margin for the fourth quarter was 41.1%, down 1.0% from the previous quarter, and was impacted by fab manufacturing constraints and a one-time $3.4 million back-end expedite charge associated with the ramp of the PSoC® (Programmable System-on-Chip™) product to high volume. Net inventory was $73.6 million, down 4.5%, or $3.5 million, from the previous quarter.

For the fiscal year 2005, Cypress posted total revenue of $886.4 million, a decrease of 6.5% from fiscal year 2004 revenue of $948.4 million. On a GAAP basis, Cypress's total year net loss was $92.2 million, or a diluted loss per share of $0.69. On an adjusted-GAAP basis, Cypress's total year net loss was $17.3 million, or a diluted loss per share of $0.13. The big difference between GAAP and adjusted-GAAP results for the year was due to the amortization of acquisition-related intangibles ($40.0 million), and a restructuring charge ($27.4 million).

Cypress President and CEO T.J. Rodgers said, "The fourth quarter marked our third straight quarter of sequential revenue growth, providing year-on-year growth of 13.5%. In addition, we achieved our third straight quarter of profit improvement and earned $0.04 per share on an adjusted-GAAP basis-a substantial improvement over the prior year but not yet achieving our model profitability of 20%.

"Investments in our subsidiaries and new products paid off well in 2005. Our subsidiary, SunPower, went public in November 2005 in one of the most successful IPOs of the year. Cypress holds 52 million shares (85%) of SunPower, worth $1.77 billion at quarter-end. Our subsidiary, Cypress MicroSystems (CMS), inventor of the PSoC device, reached $23.8 million in revenue in the quarter with 16.2% pre-tax profit, resulting in the acquisition of the 6.5% minority shareholder (employee) ownership by Cypress. CMS is now a business unit in our Consumer and Computation Division. We expect both of these businesses to double in size in 2006.

"In addition to the increased focus on our successful new business units, Cypress has taken a first step in the divestiture of business units that are no longer aligned with our core objectives, by agreeing to sell the assets of our Network Search Engine (NSE) business to NetLogic Microsystems for $50 million plus a potential $20 million earnout. We expect to garner a significant cost reduction from this transaction."

Consumer and Computation Division (CCD)

CCD revenue was $90.0 million in the fourth quarter, up 9.5% from the prior quarter, consistent with our expectations. Revenue from the division accounted for 37.7% of fourth-quarter revenue-CCD continues to be our largest and most profitable division. Growth in Q4 was driven by broad strength in the consumer segment, led by high demand for our PSoC devices and general-purpose clocks. Revenue for Q1 is expected to be flat to slightly down due to normal seasonality in consumer end markets.

CCD posted a gross margin of 45.4% in the fourth quarter, down from 51.0% in the third quarter, due primarily to a one-time charge to expedite the first very large wave of PSoC material through a subcontract assembly house. We expect gross margin to return to the 50% range in Q1. The division contributed $0.071 earnings per share to our adjusted-GAAP net income in the fourth quarter, compared with $0.091 in the third quarter. CCD's contributions to earnings per share are expected to be approximately the same in the first quarter.

Fourth-quarter highlights for the division include:

+ Cypress shipped its 50 millionth PSoC mixed-signal array, reaching more than 1,000 customers in the process. Recent growth in PSoC shipments has been accelerated by a broad demand for the PSoC-based CapSense solution, a capacitive touch sensor interface that replaces costly, mechanical buttons, switches and sliders with simple, touch-sensitive controls.

+ LG Electronics Mobile Communications Company designed CapSense into its family of LG-KV5900 Cyon™ Slider mobile phones. The new interface enables the phone's slick, nine-button, capacitive touch-based front panel, which is more reliable than exposed buttons and switches that can be damaged by spills and environmental wear-and-tear.

+ Nintendo Co. Ltd. has selected Cypress's PSoC mixed-signal array for its new Game Boy® Micro portable game system. The PSoC array manages multiple system control functions, reducing board size, design time and cost.

+ Horizon Hobby, a maker of radio-controlled toys, has selected Cypress's 2.4-GHz Programmable Radio-on-a-Chip™ (PRoC™) for its model planes and helicopters. PRoC, which is basically a PSoC chip with a radio link, enables the precise control of model aircraft at a distance of up to 500 meters. PRoC uses Direct Sequence Spread Spectrum (DSSS) technology to significantly improve system range, power consumption, latency, and immunity to noise and interference.

+ Cypress's PRoC device won EDN China magazine's "Innovation of the Year" award in the "Digital ICs and Programmable Devices" category. China-based Electronic Engineering and Product World named PRoC the "Best New Embedded System Technology," beating out products from Texas Instruments, Microchip, MIPS, Philips, Maxim and Xilinx.

+ Cypress introduced WirelessUSB LP, a low-power, low-cost 2.4-GHz radio system on a chip, for use in keyboards, mice, remote controls, gamepads and other battery-operated devices. The solution extends battery life in wireless mice to more than a year. WirelessUSB LP features a data rate of up to 1 megabit per second (Mbps), the rate required for applications such as wireless headsets.

+ Cypress debuted the industry's first industrial grade, high-speed programmable USB 2.0 microcontroller. Capable of operating at temperatures from -40 C to +105 C, the EZ-USB FX2LP™ device targets automobile telematics, navigation and entertainment systems; radio infrastructure and military equipment; and industrial measurement and automation systems.

+ Cypress also announced the industry's smallest, high-speed USB 2.0 programmable microcontroller. The 5-mm2 device enables the design of smaller mobile phones, portable media players, PDAs and webcams. EZ-USB LP uses a proprietary, 0.13-micron process technology to reduce dynamic and standby power consumption nearly 50 percent vs. competing solutions.

+ Cypress introduced its enCoRe™ III (Enhanced Component Reduction) family of USB microcontrollers, adding 16-channel/10-bit analog-to-digital converters to serve demanding, full-speed USB applications, including voice-over-IP handsets and USB gamepads.

Data Communications Division (DCD)

DCD revenue was $33.8 million in the fourth quarter, down 8.9% from the prior quarter, consistent with our expectation. Revenue from the division accounted for 14.2% of fourth-quarter revenue. Revenue declined due to customer buying patterns in specialty memories and network search engines. DCD revenue is expected to decrease in Q1 due to the planned divestiture of the NSE business.

DCD posted a gross margin of 63.7% in the fourth quarter, up slightly from 63.2% in the third quarter. The division contributed $0.021 earnings per share to our adjusted-GAAP net income in the fourth quarter, compared with $0.021 in the third quarter. DCD's contributions to earnings per share are expected to remain consistent in the first quarter.

Fourth-quarter highlights for the division include:

+ Cypress announced the acquisition of its standard NSE product lines by NetLogic Microsystems (NETL) for approximately $50 million in NETL stock upon closing, and, if certain revenue targets are achieved in a 12-month time period, up to an additional $10 million in cash and approximately $10 million in NETL stock. The acquisition includes the Ayama™ 10000, Ayama 20000, and NSE70000 Network Search Engine families as well as the Sahasra™ 50000 algorithmic search engine family. Cypress will retain and continue to support its custom TCAM1 and TCAM2 products. The deal is scheduled to close late in the first quarter or early in the second quarter of 2006, pending regulatory and legal approval.

Memory and Imaging Division (MID)

MID revenue was $75.6 million in the fourth quarter, down 1.2% from the prior quarter, consistent with our expectations. Revenue from the division accounted for 31.7% of fourth-quarter revenue. Q4 revenue was driven by demand for high-density synchronous SRAMs, particularly 36-Mbit and 72-Mbit densities shipped into high-performance networking applications, as well as MoBL® (More Battery Life™) SRAMs for low-power applications. Demand for these products is expected to remain strong in the first quarter, with overall revenue flat to slightly down.

MID posted a gross margin of 30.2% in the fourth quarter, compared with 25.4% in the third quarter, a result of improved manufacturing efficiency. The division accounted for an adjusted-GAAP net loss of $0.051 per share in the fourth quarter, compared with a net loss per share of $0.071 in the third quarter. MID's loss per share is again expected to shrink in the first quarter due to higher gross margins and a mix shift to 90-nm manufacturing processes.

Fourth-quarter highlights for the division include:

+ Cypress sampled two new 9-megapixel CMOS image sensors for high-end digital still cameras. The CYIHDSC9000AA (color) and CYIHDSM9000AA (monochrome) sensors offer low-dark-current performance comparable with more expensive charge-coupled devices, delivering high-end image quality at an economical price.

+ Cypress qualified a family of 4-Mbit MoBL SRAMs on its 90-nm, low-leakage technology. The new SRAMs support supply voltages from 1.65V to 5.0V, making them compatible with virtually all micropower systems. Cypress's 90-nm technology enables smaller, faster chips with a significant price/performance advantage relative to the competition.

SunPower Corporation

SunPower Corp., a wholly owned subsidiary of Cypress, went public in November 2005 and is now an independent company listed on Nasdaq under the ticker symbol SPWR. Cypress continues to be SunPower's majority shareholder, with SunPower results consolidated in Cypress's results.
 
Revenue from SunPower was $29.3 million in the fourth quarter, up 33.8% from the prior quarter, exceeding our expectations. Demand for SunPower's high-efficiency solar products remained very strong; additional manufacturing capacity added during the quarter enabled revenue to grow. SunPower revenue amounted to 12.3% of Cypress's fourth-quarter revenue. Strong demand for solar products and the ramping of additional manufacturing capacity are expected to drive continued revenue growth in the first quarter.

SunPower posted a gross margin of 19.8% in the fourth quarter, compared with 18.1% in the third quarter. SunPower accounted for adjusted-GAAP earnings of $0.011 per share in the fourth quarter compared with break-even1 results in the third quarter. SunPower's contribution to earnings per share is expected to increase in the first quarter.

Fourth-quarter highlights include:
          
+ SunPower announced a $330 million supply contract with PowerLight Corp. Under the agreement, SunPower will provide custom-designed panels for use in PowerLight's SunTile™ roof-integrated solar system for new homes. Deliveries are expected to begin this year as SunPower ramps its manufacturing capacity. The contract extends through 2009.

+ SunPower introduced two new high-efficiency inverters. The products convert the direct current generated by solar panels into the AC current used in homes. Rated at 4,600 watts and 5,200 watts respectively, the new inverters target larger solar installations. Both inverters meet or exceed the highest efficiency rating in their class and carry a 10-year warranty.

+ A team of students from the University of Colorado won the 2005 Solar Decathlon, building a house on the National Mall in Washington, D.C. powered entirely by SunPower solar panels. The competition, sponsored by the U.S. Department of Energy, challenged university students to design, build and operate the most attractive, effective and efficient solar-powered home.

Cypress Subsidiaries

Revenue from Cypress subsidiaries was $9.8 million in the fourth quarter, up 4.3% from the prior quarter, in line with our expectations. We expect revenue from subsidiaries to be flat to slightly up in the first quarter.

The gross margin for our subsidiaries was 70.2% in the fourth quarter, compared with 71.9% in the third quarter. Subsidiary businesses reported a net loss of $0.011 per share on an adjusted-GAAP basis in the fourth quarter, compared with a net loss of $0.011 in the third quarter. Subsidiary contributions to earnings per share are expected to be flat in the first quarter.

+ Silicon Valley Technology Center, the R&D wafer process operation formed to offset the cost of underutilized fab equipment, achieved record revenue of $5.3 million in the quarter. SVTC finished the year with revenue of $20.8 million, up 4.9% from 2004. SVTC doubled its customer base in 2005, capitalizing on third-party demand for access to advanced process development infrastructure.

Other Developments

+ Cypress announced a foundry partnership with China's Grace Semiconductor Manufacturing Corp., under which GSMC will leverage Cypress's 0.13-micron and other process technologies to make Cypress chips for a variety of applications. The collaboration marks a step forward for Cypress's new flexible manufacturing strategy, enabling it to optimize fab utilization and focus on its proprietary 90- and 65-nm processes, where the difference between foundry pricing and internal cost is the greatest. GSMC will provide Cypress with significant capacity to support the rapid growth of its leading products while decreasing its overall capital requirements. Qualification of the first product at GSMC is scheduled for the second half of this year.

Conclusion

Rodgers concluded, "2005 marked the beginning of a period of major strategic change for Cypress. We have revamped much of our data communications-based product portfolio to focus on large, diverse end markets-such as PCs and peripherals, consumer products, and solar energy-where we are well-positioned to grow revenue and market share and to increase profitability toward our goal of 20% PBT. We are planning to divest our NSE business and have launched a flexible manufacturing strategy to limit fab capital costs and allow for the steep ramps demanded by our consumer end-market customers. These significant changes for Cypress are focused on delivering increased profits and shareholder value. We expect to be able to grow revenue faster than the overall semiconductor market in 2006 and to exceed $1 billion in revenue for only the second time in our history."

About Cypress

Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress and its subsidiaries' plans and expectations for the first quarter of 2006 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." Such statements are based on our current expectations as of the date of the release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, our ability to roll-out new products, the rate of customer acceptance of Cypress and it's subsidiaries' products, our ability to increase factory utilization, our ability to manage the consequences of natural events such as storms, hurricanes or other extreme weather events, the financial and operational performance of our subsidiaries and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements. We use words such as "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify forward-looking statements that include, but are not limited to, statements related to prices, growth, supply, shipments, new products, profit and revenue.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude items related to acquisitions, including amortization of intangibles, in-process research and development and stock-based compensation, employee loan reserves, off-balance sheet lease guarantee impairment, restructuring, impairment on investments, gains or losses on investments and other non-recurring costs. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, PSoC, MoBL and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, WirelessUSB, EZ-USB FX2LP, enCoRe, More Battery Life, PRoC, and Programmable Radio-on-Chip are trademarks of Cypress Semiconductor Corporation.

SunPower is a registered trademark of SunPower Corporation.

Cyon is a trademark of LG Electronics Mobile Communications Company. SunTile is a trademark of PowerLight Corp. Game Boy is a registered trademark of Nintendo Co. Ltd.

All other trademarks or registered trademarks are the property of their respective owners.

Financials

Click HERE to view Q1-2007 Business Unit Summary Financials

Click HERE to view Q1-2007 Financials

Click HERE to view Q1-2007 Financials (formatted with endnotes)

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• Q1 2007 consolidated revenue increased 19% sequentially and 38% year-on-year.
• Q1 2007 fully diluted adjusted-GAAP EPS increased 129% year-on-year.
• PSoC™ revenue exceeded expectations; design wins and new customer traction remain very strong and ahead of plan.
• The West Bridge™ Antioch™ peripheral handset controller began production and secured another major OEM design win.
• Cypress repurchased 25.2 million shares in late March under a recently announced Accelerated Share Repurchase program. A total of 28 million to 30 million shares are expected to be repurchased under the program.

SAN JOSE, Calif., April 26, 2007 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2007 first quarter was $342.9 million, up 19.5% from prior-quarter revenue of $287.0 million and up 37.7% from year-ago first-quarter revenue of $249.1 million.

Adjusted-GAAP net income for the 2007 first quarter-earnings that exclude charges for stock-based compensation, acquisition-related charges, divestiture gains and other special charges and credits-totaled $28.2 million5, or diluted earnings per share of $0.161. This compares with the prior quarter's diluted earnings per share of $0.151. Diluted earnings per share in the year-ago first quarter was $0.071.

Cypress recorded a GAAP net loss of $2.0 million in the 2007 first quarter, or a diluted net loss per share of $0.01. This was impacted by first-time charges associated with the PowerLight acquisition as follows: $10 million for in-process R&D, $9 million for stock-based compensation charges, and $6 million for amortization of intangibles offset by a tax benefit of $7 million and a related minority interest adjustment of $6 million, totaling approximately $0.07 per share. This compares with last quarter's diluted earnings per share of $0.09. Diluted earnings per share in the year-ago first quarter was $0.05 per share.

Consolidated gross margin on an adjusted-GAAP basis4 for the first quarter was 40.2%, down 2.3% from the previous quarter due to a higher revenue mix from SunPower. On a GAAP basis, gross margin was 38.6%, down 3.0% from the prior quarter. Semiconductor margin on an adjusted-GAAP basis4 for the first quarter was 48.2%, consistent with the previous quarter. Semiconductor margin4 was up 1.3% from 46.9% in the year-ago first quarter and up 8.5% from 39.7% in the 2005 first quarter.

Cypress President and CEO T.J. Rodgers said, "Revenue for Q1 exceeded our guidance due to the strong execution of our SunPower division, which included consolidated revenue from the PowerLight acquisition for the first time. Revenue from our semiconductor business was in line with our expectation, driven by continued robust demand for Cypress's PSoC solutions.
 
"Overall, Cypress continues to focus on generating revenue from its higher-margin programmable solutions. Led by PSoC, revenue from these solutions accounted for 41% of semiconductor revenue in Q1 2007, up from 28% in Q4 2004. Direct margins remain strong. ASPs increased sequentially-more than 20% year-on-year-in part due to our focus on programmable products."

Rodgers continued, "Our semiconductor book-to-bill ratio ended the first quarter at 1.03, and our second quarter semiconductor revenue is currently 87% booked. We anticipate that some of the softness we experienced in Q1 in the wireless and communications markets will continue, but we do not expect a major slowdown, and we remain optimistic about our growth prospects in the second half of 2007."

Consumer and Computation Division (CCD)

CCD revenue was $76.8 million in the first quarter, down 3.9% from the prior quarter, consistent with our expectation of normal seasonality. Divisional revenue, driven by PSoC, accounted for 22.4% of first-quarter revenue. Cypress's PSoC customer base expanded 24.6% quarter-on-quarter to 4,200 customers. Second-quarter revenue is expected to increase, with PSoC poised to set a quarterly revenue record.

CCD posted a gross margin of 43.8%4 in the first quarter, unchanged from the previous quarter. The division contributed $0.021 to earnings per share on an adjusted-GAAP basis in the first quarter, compared with $0.011 in the fourth quarter. Cypress continues to invest significantly in the development, sales and marketing of PSoC to encourage the rapid adoption of this flagship product family. CCD's contribution to earnings per share is expected to increase slightly in the second quarter.

First-quarter highlights for the division include:

+ Cypress added a CapSense module to PSoC Express™ 2.2, the latest version of its drag-and-drop system development tool. CapSense is a PSoC-based, touch-sensitive alternative to mechanical buttons and sliders. The CapSense module enables designers to add elegant, reliable, cost-effective user interfaces to their designs.

+ Cypress also added CapSense modules to its PSoC Designer™ integrated development platform. The CapSense Sigma-Delta module enables buttons, sliders, touchpads and touchscreens to operate flawlessly in difficult moisture- or temperature-sensitive environments. The CapSense Successive Approximation module delivers a 45x improvement in interference immunity and 60% lower power consumption, making it ideal for portable consumer applications.

+ SignalONE Safety® selected the PSoC programmable mixed-signal array for an award-winning smoke detector with a prerecorded voice alarm that helps guide users to safety.

+ Horizon Hobby has selected Cypress's PSoC and WirelessUSB™ LP devices for use in its E-flite™ Blade CX2 radio-controlled helicopter.

+ Cypress introduced the PRoC™ LP reference design kit, accelerating time to market for designers working with its low-power, wireless, PSoC-based radio-system-on-chip technology.

+ Cypress surpassed the three-million-unit mark in shipments of its WirelessUSB LP device, which was introduced less than a year ago. In that time, the highly robust 2.4-GHz radio has achieved 175 design wins. WirelessUSB LP extends battery life in keyboards, mice and other human interface devices to more than a year.

Data Communications Division (DCD)

DCD revenue was $32.5 million in the first quarter, up 16.5% from the prior quarter, exceeding our expectation. Divisional revenue accounted for 9.5% of first-quarter revenue. DCD revenue is expected to remain flat in the second quarter due to end-customer inventory corrections in the basestation and communications markets.

DCD posted a gross margin of 66.0%4 in the first quarter, up from 62.6%4 in the fourth quarter. The division contributed $0.041 to earnings per share on an adjusted-GAAP basis in the first quarter, compared with $0.021 in the fourth quarter. DCD's contribution to earnings per share is expected to remain flat in the second quarter.

First-quarter highlights for the division include:

+ Cypress began mass production of its West Bridge Antioch peripheral handset controller. The Antioch controller enables a full CD of music to be transferred from a PC to a cell phone in less than a minute, compared with more than 10 minutes for conventional solutions.

+ Cypress joined the Universal Powerline Association, an international standards body formed to proliferate high-speed networking via standard wall sockets. Cypress will leverage its expertise in high-definition video and connectivity to advance the association's emerging Digital Home Standard.

Memory and Imaging Division (MID)

MID revenue was $84.7 million in the first quarter, down 7.6% from the prior quarter, falling short of our expectation due to reduced demand for synchronous SRAMs used in basestations. Divisional revenue accounted for 24.7% of first-quarter revenue. Overall MID revenue is expected to decrease in the second quarter due to slower demand for asynchronous SRAMs in mobile handsets and the discontinuation of our pseudo-static RAM (PSRAM) products.

MID posted a gross margin of 42.7%4 in the first quarter, compared with 43.0%4 in the fourth quarter, remaining strong due to stable SRAM ASPs and gross-margins. The division contributed $0.051 to earnings per share on an adjusted-GAAP basis in the first quarter, compared with $0.081 in the fourth quarter. MID's contribution to earnings per share is expected to decrease in the second quarter due to lower revenue and the absorption of fixed manufacturing costs.

First-quarter highlights for the division include:

 + Cypress's high-speed nonvolatile SRAM was named "Memory Product of the Year" by EE Times-China, a major electronics trade publication. The devices store data when power is lost, without battery backup, adding substantial system value relative to standard SRAMs. They are ideal for RAID (Redundant Array of Independent Disks) storage arrays, copiers, point-of-sale terminals, handheld meters and consumer electronics products.

+ Cypress passed the 50-million-unit mark in shipments of 90-nm SRAM devices from its Bloomington, Minn., manufacturing facility. The company currently makes more than 22 different products on the 90-nm C9™ process, including its industry-leading 72-Mbit SRAMs.

+ Cypress sampled 300-MHz QDR2 (Quad Data Rate™) and DDR2 (Double Data Rate™) products in 36-Mbit and 72-Mbit versions. The chips accelerate read/write capabilities in data-intensive applications, helping network providers to expand capabilities and services.

SunPower Corporation

SunPower revenue achieved a record $142.3 million in the first quarter, up 91.0% from the prior quarter and up 238.8% from the 2006 first quarter, driven by continued high demand for its solar cells and panels and first-time revenue from the acquisition of PowerLight. SunPower accounted for 41.5% of Cypress's first-quarter revenue. SunPower revenue is expected to increase in the second quarter.

SunPower posted an adjusted-GAAP gross margin of 29.0%4 in the first quarter of 2007, compared with 26.2%4 in the fourth quarter of 2006. SunPower contributed $0.091 to earnings per share on an adjusted-GAAP basis in the first quarter, compared with earnings per share of $0.051 in the fourth quarter. SunPower's contribution to Cypress's earnings per share is expected to remain flat to slightly down in the second quarter.

Cypress continues to own 52 million Class B common shares of SunPower with a market value of $3.0 billion as of April 25, 2007.

First-quarter highlights include:       

+ SunPower issued $200 million of 1.25% senior convertible debentures due in 2027, with an initial conversion price of approximately $57.

+ SunPower and its PowerLight Corp. subsidiary broke ground on the nation's largest solar-powered neighborhood. Designed by Lennar Corp., each of the 650 homes in the Roseville, Calif., community will feature SunPower's high-efficiency, roof-integrated SunTile® products. Homeowners are expected to save an estimated 40 percent to 60 percent on their monthly electric bills.

+ PowerLight announced a 120-megawatt, three-year supply agreement with JingAo Solar Co., a privately owned solar cell manufacturer based in Hebei, China. The agreement will enable PowerLight to accelerate its plan to target large-scale power plant and commercial applications.

+ PowerLight dedicated an 11-megawatt solar power plant in Serpa, Portugal. The 52,000-panel plant delivers electricity to 8,000 homes.

Other Developments

+ Cypress issued $600 million in convertible notes. The company will use $571 million of the net proceeds to repurchase approximately 28 million to 30 million shares of Cypress common stock under an Accelerated Share Repurchase program (ASR)-a program that allows Cypress to buy back and retire a large block of shares immediately. In March, 25.2 million shares were repurchased. The ASR will be completed in the second quarter.

+ Cypress sold its Silicon Valley Technology Center (SVTC) to private equity firms Oak Hill Capital Partners and Tallwood Venture Capital for approximately $53 million in cash. SVTC-Cypress's first manufacturing facility, which opened in 1985-became an independent R&D services business in 2004. Cypress plans to develop programmable technologies as an SVTC customer, converting process R&D cost into a variable expense.

+ Cypress sold its SMaL Camera Technologies image sensor business to Sensata Technologies, a leading manufacturer of sensors and controls.

+ Cypress and UMC announced a foundry agreement to manufacture next-generation, 0.65-nm Static Random Access Memories (SRAMs). The products, which are expected to tape out before year-end, will be the first Cypress SRAMs made outside the company's fabs.

 + Cypress agreed to license its 0.13-micron SONOS (Silicon Oxide Nitride Oxide Silicon) embedded nonvolatile memory (nvSRAM) technology to Hua Hong NEC. The agreement will help drive Cypress's SONOS technology in a variety of applications, including RAID controllers, set-top boxes, printers, copiers and industrial automation.

Conclusion

Rodgers concluded, "Cypress successfully executed a $600 million convertible bond offering in Q1 on favorable terms and is using the net proceeds to repurchase our common stock. As of the end of March, we had purchased and retired 25.2 million shares, and we expect to retire an additional three million to five million shares in Q2, bringing the total shares repurchased under this program to between 28 million and 30 million shares.

"PSoC and West Bridge design wins, along with continued market-share gains by SunPower, put Cypress in a strong position to continue revenue growth through 2007 and into 2008. On the bottom line, we expect that progress in our flexible manufacturing strategy and our ability to maintain lower overall operating expenses in line with our model will deliver profit and cash flow over the long term."

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks, and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the second quarter of 2007, the rest of 2007 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "believes," "expects," "future," "plan," "intends" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to demand for our PSoC, USB, West Bridge and Antioch devices and other products, including memories, the functionality and features of our new products, the strength or expected weaknesses in the markets we serve, the stability of our ASPs, the softness in the basestation and communications-related markets, our growth, bookings, profit and revenue, the absorption of fixed manufacturing costs, and SunPower's intent to pursue large scale power plant and commercial projects. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, our ability to develop and roll-out new products, our ability to leverage our expertise to influence the UPA, our ability to execute on our flexible manufacturing plan, our ability to absorb our fixed manufacturing costs and maintain lower operating expenses, whether our products perform as expected, whether the demand for our programmable products is fully realized, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries, including SunPower's ability to integrate PowerLight and to win large scale power plant and commercial projects, SunPower's ability to obtain a sufficient amount of polysilicon and meet demand, SunPower's production levels and module sales, and other risks described in our filings, as well as SunPower's filings, with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures, which are adjusted from the most directly comparable GAAP results to exclude charges for stock-based compensation, acquisition-related charges and other special charges and credits. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies. Cypress, the Cypress logo, and PSoC are registered trademarks of Cypress Semiconductor Corporation. PSoC Express, PSoC Designer, Programmable System-on-Chip, PRoC, Programmable Radio-on-a-Chip, EZ-USB FX2LP, WirelessUSB, West Bridge and Antioch are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. PowerLight and SunTile are registered trademarks of PowerLight, a subsidiary of SunPower Corp. SignalONE Safety is a registered trademark of SignalONE Safety, Inc. E-Flite is a trademark of Horizon Hobby. Quad Data Rate and Double Data Rate are trademarks of the QDR Consortium. All other trademarks or registered trademarks are the property of their respective owners.

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FINANCIALS:

Click HERE to view Q3-2005 Business Unit Summary Financials.

Click HERE to view Q3-2005 Financial Statements.

Click HERE to view Q3-2005 Adjusted-GAAP and GAAP Financial Statements.

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SAN JOSE, Calif., October 20, 2005 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2005 third quarter was $227.1 million, up 3.0% from prior-quarter revenue of $220.5 million and up 3.4% from year-ago third-quarter revenue of $219.6 million.

Cypress posted a GAAP net loss of $5.9 million in the 2005 third quarter, or a diluted loss per share of $0.04. This compares with last quarter's diluted loss per share of $0.12. Diluted earnings per share in the year-ago third quarter were $0.02 per share.

On an adjusted-GAAP basis-excluding the amortization of intangibles and other acquisition-related, restructuring and special charges and credits-the 2005 third quarter resulted in a net income of $3.8 million, or diluted earnings per share of $0.03. This compares with the prior quarter's diluted loss per share of $0.01. Diluted earnings per share in the year-ago third quarter were $0.22.

Gross margin for the third quarter was 42.1%, up 0.8% from the previous quarter. Net inventory was $77.1 million, down 7.3%, or $6.1 million, from the previous quarter and is at the lowest level since the first half of 2004. Cash balances increased by $33.1 million to end the quarter at $272.7 million.

Cypress President and CEO T.J. Rodgers said, "Strong acceptance of our PSoC® family of mixed-signal arrays and overall strength in our Consumer and Computation Division drove the growth for the quarter and offset weakness in the Memory and Imaging and Data Communications Divisions. Our revenue growth was tempered by two, one-time manufacturing problems-lightning storms that shut down each of our wafer fabs for a day or more during the quarter and limited our ability to meet all end-customer demand in the quarter. We were forced to push $24 million of backlog into the fourth quarter. Both fab power outages were very rare events, given that we have both redundant power feeds and emergency power supplies in each of our wafer fabrication plants."

Rodgers continued, "SunPower's rapid ascent continued with 33% revenue growth and it broke even1,2 ahead of our internal plan. Additionally, Cypress has introduced many new products to the marketplace over the last year and we are seeing widespread acceptance for many of our proprietary solutions. Almost 60% of our revenue base is netting average gross margins of more than 56% and our new product development and design focus is aimed at increasing this share. We are pleased that we have returned to profitability and look for more progress in the fourth quarter."

Consumer and Computation Division (CCD)

CCD revenue was $82.2 million in the third quarter, up 25.7% from the prior quarter. Revenue from the division accounted for a record 36.2% of the company's third-quarter revenue; CCD is now our biggest division-and the most profitable. Revenue from the PSoC family of mixed-signal arrays increased significantly quarter-on-quarter driven by a major ramp in consumer applications, including MP3 players, set-top boxes and gaming, and continued proliferation in computation platforms with the major PC OEMs. All CCD business units grew revenue sequentially with PSoC, wired USB and WirelessUSB™ and clocks leading the way.

CCD expects to increase revenue in the fourth quarter due to holiday demand and increased PC clock market share.

CCD posted a gross margin of 51.0% in the third quarter, consistent with the prior quarter. The division contributed $0.092 per share to our adjusted-GAAP net income in the third quarter, compared with $0.042 the quarter before. CCD's contributions to earnings per share are expected to improve in the fourth quarter.

Third-quarter highlights for the division include:

+ Cypress shipped the first production units of its Programmable System-on-Chip™ (PSoC) mixed-signal array from the company's high-volume Fab 4 production facility in Bloomington, Minn. Cypress has second-sourced its PSoC products by bringing up Fab 4 in addition to Fab 2 in Round Rock, Texas, as a response to a quadrupling of PSoC demand over the past two quarters. PSoC devices are configurable mixed-signal arrays that enable designers to integrate multiple analog and digital functions and replace dozens of standard circuits with a single device, reducing board sizes and cutting system costs.

+ Sales of the first PSoC product qualified in Fab 4-the CY8C21x34, the smallest, most highly integrated PSoC device-have been particularly strong, driven by demand from the makers of handheld consumer devices. The CY8C21x34 forms the basis of Cypress's CapSense™ technology, a capacitive touch sensing interface that replaces mechanical buttons and sliders in a variety of end products, from portable media players and cellular phones to white goods, PDAs and notebook touchpads. Fingertip-sensitive CapSense solutions are fast-becoming the solution of choice for media-control applications because of their clean design and the superior durability inherent in an interface with no moving parts or chassis penetration.

+ Cypress introduced KISSBind™ technology, capable of linking a 2.4 GHz wireless device with its host when users do no more than bring the devices into close proximity. Conventional solutions rely on manual binding of a wireless device to its host by requiring users to preconfigure devices. The KISSBind solution is a free firmware addition to Cypress's WirelessUSB radio-system-on-a-chip. It is less expensive than competing proximity-linking solutions, which require an additional transceiver. WirelessUSB is a robust, 2.4 GHz wireless solution widely used to connect keyboards, mice, toys and video gaming systems.

 + Cypress unveiled TouchWake™, a touch-sensitive WirelessUSB feature that rouses a peripheral from sleep mode with the responsiveness of a wired peripheral. Competing wireless devices use motion sensors or switches for their wake-up functionality, adding cost and complexity to the design. The technology also extends the battery life of wireless peripherals by enabling them to enter an ultra-low-power sleep mode immediately after use.

+ Cypress shipped five million units in five months of EZ-USB® LP controllers-its new family of low-power, high-speed devices. Demand has been driven by the rapid adoption of the technology in mobile devices such as cell phones, portable media players and thumb drives. EZ-USB LP devices enable peripherals to operate from the power of the USB bus, and feature dynamic and standby power consumption nearly 50 percent lower than competitive devices. The chips are built on Cypress's proprietary, low-cost 0.13-micron C8™ process technology.

 + Cypress introduced EZ-USB NX2LP-Flex™, the industry's first firmware-programmable high-speed USB 2.0 NAND flash controller. Operating at 43 milliamps in active mode, the new, low-power controller brings embedded multimedia data storage to a variety of consumer electronics devices, including PCTV cards, GPS receivers and wireless presentation tools. EZ-USB NX2LP-Flex facilitates new functionality for thumb drives, such as fingerprint sensors and video-over-USB. It includes a high-performance 8-bit NAND controller with an enhanced 8051 core and General Programmable Interface (GPI).

+ Cypress introduced a high-speed USB reference design kit to aid in the development of portable devices compatible with Microsoft's® Media Transfer Protocol (MTP). MTP enables the secure, seamless transfer of music, movies, and photos protected by Digital Rights Management technology. The kit combines Cypress's high-performance EZ-USB FX2 LP™ controller with Texas Instruments's TMS320DA255 DSP-based Raga reference design.

Data Communications Division (DCD)

DCD revenue was $37.1 million in the third quarter, down 15.9% from the prior quarter. Revenue from the division accounted for 16.4% of the company's third-quarter revenue. The decrease was caused primarily by declines in the CPLD product line, whose products are in an end-of-life cycle, and by specialty memories, which retreated after posting robust growth in the second quarter. DCD revenue is expected to be down in the fourth quarter due to customer buying patterns and continued CPLD declines.

DCD posted a gross margin of 63.2% in the third quarter, consistent with the prior quarter. The division contributed $0.022 per share to our adjusted-GAAP net income in the third quarter, compared with $0.042 in the second quarter. DCD's contributions to earnings per share are expected to decrease slightly in the fourth quarter.

Third-quarter highlights for the division include:

+ Cypress launched two new video cable equalizers for the professional video market capable of driving HDTV signals significantly farther than competitive devices, reducing the need for costly repeater circuits in the signal path. The equalizers combine with Cypress's HOTLink-On-Demand™ family of high-speed video SERDES to offer a complete port solution for professional video equipment designs. The CYV15G0102 delivers standard-definition signals more than 400 meters and HDTV signals over 200 meters. This compares with the typical standards of 300 meters for SD signals and 100 meters for HD, respectively.

+ Cypress introduced the industry's first broadcast video link protection switch that provides cost-effective redundancy throughout a video network. Designed for use with Cypress's HOTLink-On-Demand video SERDES family, the YLink™ SMPTE Digital Video Protection Switch offers an easy-to-implement, economical way to guarantee signal integrity and uninterrupted service for live broadcast video systems, instantaneously switching a video signal to an alternate link when a preset error condition occurs. Prior to YLink, the only way to provide redundancy was to implement multiple linecards or duplicate systems, leading to long switchover times and visible video disruptions.

Memory and Imaging Division (MID)

MID revenue was $76.5 million in the third quarter, down 10.2% from the prior quarter. Revenue from the division accounted for 33.7% of the company's third-quarter revenue. After growing 15% in the second quarter, revenue decreased in the synchronous SRAM and image sensor product lines in Q3. MID revenue is expected to decrease slightly in the fourth quarter.

MID posted a gross margin of 25.4% in the third quarter, compared with 26.5% in the second quarter. The division accounted for an adjusted-GAAP net loss of $0.072 per share in the third quarter, compared with a net loss per share of $0.062 the quarter before. MID's loss per share is expected to be reduced in the fourth quarter.

Third-quarter highlights for the division include:

+ Cypress expanded its portfolio of image sensors, introducing a suite of 1.3-megapixel imaging solutions in a ¼-inch optical format. The new sensors are designed to replace existing ¼-inch VGA (640 x 480 pixels) image sensors and VGA system-on-a-chip sensors in camera phones.

+ Cypress sampled 300-MHz versions of its 36-Mbit and 72-Mbit Quad Data Rate™ QDR-II™ and DDR-II SRAMs to leading networking manufacturers. The speed improvement from 250 MHz to 300 MHz is a critical performance milestone for networking vendors. QDR-II and DDR-II SRAMs are the highest performance industry-standard SRAMs on the market and the solution of choice for many datacom equipment manufacturers. They are manufactured on Cypress's 90-nm RAM9™ technology.

SunPower Corporation

Revenue from SunPower Corp., Cypress's silicon solar power subsidiary, was $21.9 million in the third quarter, up 33% from the prior quarter, driven by increased production from Line 1 (25 megawatts) in the Philippines and the continued strong global solar market. SunPower revenue amounted to 9.6% of Cypress's third-quarter revenue.

SunPower posted a gross margin of 18.1% in the third quarter, up significantly from the second quarter, resulting from improved leveraging of fixed costs and better production yields. SunPower broke even1,2 in the third quarter, ahead of our internal plan.

Third-quarter highlights include:
          
+ SunPower has appointed three new, independent members to its board of directors: Pat Wood III, Betsy S. Atkins and W. Steve Albrecht. Pat Wood III was most recently the chairman of the Federal Energy Regulatory Commission (FERC), the independent regulator of the nation's interstate pipeline and wholesale electric power industries. Betsy S. Atkins has served as chief executive officer of Baja Ventures since 1994. She was a co-founder of Ascend Communications in 1989, and currently is a member of the British Telecom Advisory Board, the Nasdaq Nominating Committee and the Council on Foreign Relations. Albrecht is the associate dean of the Marriott School of Management and Andersen Alumni Professor at Brigham Young University (BYU). He also serves on the board of directors of Red Hat, Inc., Sky West Inc., ICON Health and Fitness, and Cypress Semiconductor Corp.

+ In August, SunPower filed a registration statement with the Securities and Exchange Commission related to the proposed IPO of shares of its common stock. The press release is available online at http://www.cypress.com/sunpower-s1.

Cypress Subsidiaries

Revenue from subsidiaries other than SunPower was $9.4 million in the third quarter, up 1.1% from the prior quarter, in line with our expectation of modest growth." Revenue from Cypress's Silicon Valley Technology Center (SVTC) unit remained flat quarter-on-quarter while Silicon Light Machines (SLM) revenue was up, driven by nonrecurring engineering contracts and royalties. We expect revenue from Cypress's subsidiaries to increase slightly next quarter.

The gross margin for our subsidiaries was 71.9% in the third quarter, compared with 75.0% in the second quarter. Subsidiary businesses reported a net loss of $0.012 on an adjusted-GAAP basis in the third quarter, compared with a break-even2 second quarter. Subsidiary contributions to earnings per share are expected to increase in the fourth quarter.

Other Developments

+ Cypress hired Brad W. Buss as executive vice president of finance and administration and chief financial officer. Buss joined Cypress from Altera Corp., where he was vice president of finance with responsibility for global business unit finance, channel finance, and financial planning and analysis, and played a leadership role in the company's Sarbanes-Oxley and corporate governance efforts. He previously held senior financial management positions at Wyle Electronics and Zaffire Inc., a private optical networking company.

+ Cypress shipped its 200 millionth lead-free component compliant with the European Union's directive on the Restriction on the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS). Customer demand for RoHS-compliant, high-quality, nickel-palladium-gold (NiPdAu) packaging as an alternative to industry-standard tin-lead (SnPb) materials remains strong. Cypress has been shipping lead-free components since 2003 and is now offering lead-free packaging for all new integrated circuits.

+ Cypress inaugurated a regional design center in Shanghai-its first in China. The new center complements Cypress's two design centers in India, expanding support for the company's Asia-Pacific customer base, which contributes approximately 45% of its revenue. Cypress's Shanghai center will focus initially on USB and PSoC designs.

+ Cypress celebrated its 10th anniversary in India. The company currently operates design centers in Hyderabad and Bangalore, employing more than 200 workers. Cypress's India design teams have earned more than 40 U.S. patents and have played an important role in the design of Cypress products, including PSoC, USB and spread-spectrum clock generators.

Conclusion

Rodgers concluded, "We are pleased with our return to profitability in the third quarter. Based on accelerating demand for proprietary Cypress products-including PSoC, WirelessUSB and our high-performance QDR SRAMs-we expect gains in both revenue and profit in the fourth quarter."

About Cypress

Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude items related to acquisitions, including amortization of intangibles, in-process research and development and stock-based compensation, employee loan reserves, off-balance sheet lease guarantee impairment, restructuring, impairment on investments, gains or losses on investments and other non-recurring costs. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, PSoC, and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, WirelessUSB, CapSense, HOTLink, EZ-USB, EZ-USB FX2LP, KISSBind, EZ-USB NX2LP-Flex, TouchWake, C8, YLink and enCoRe are trademarks of Cypress Semiconductor Corporation.

SunPower is a registered trademark of SunPower Corporation.

Microsoft is a registered trademark of Microsoft Corporation.

All other trademarks or registered trademarks are the property of their respective owners.

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Financials

Click HERE to view Q2-2006 Business Unit Summary Financials.

Click HERE to view Q2-2006 Financial Statements.

Click HERE to view Q2-2006 Adjusted-GAAP and GAAP Financial Statements.

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• Exceeded upper end of revenue and earnings guidance
• Adjusted-GAAP semiconductor margin of 49.3%4, a two-year high
• Adjusted-GAAP EPS1 of $0.13, up from $0.07 in Q1
• Memory and Imaging Division profitable ahead of plan
• Record design wins

SAN JOSE, Calif., July 20, 2006-Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2006 second quarter was $265.2 million, up 6.5% from prior-quarter revenue of $249.1 million and up 20.3% from year-ago second-quarter revenue of $220.5 million.

Cypress posted GAAP net income of $5.8 million in the 2006 second quarter, or diluted earnings per share of $0.04. This compares with the prior quarter's diluted earnings per share of $0.05 and a diluted net loss per share of $0.12 in the year-ago second quarter.

On an adjusted-GAAP basis-excluding charges for stock-based compensation, acquisition-related charges and other special charges and credits-the 2006 second quarter resulted in a net profit of $21.9 million5, or diluted earnings per share of $0.131. This compares with the prior quarter's diluted earnings per share of $0.071. Diluted net loss per share in the year-ago second quarter was $0.011.

Consolidated gross margin on an adjusted-GAAP basis4 for the second quarter was 44.0%, up 2.1% from the previous quarter, due to a shift in the product mix, improving ASPs and improved manufacturing efficiencies across multiple divisions and product lines. On a GAAP basis, gross margin was 42.9%, up 1.4% from the prior quarter.

Cypress President and CEO T.J. Rodgers said, "Our revenue grew sequentially for the fifth-consecutive quarter with semiconductor margins reaching a two-year high of 49.3%4, near our 50% model. Focused ASP management and a favorable shift in product mix toward proprietary products drove the financial improvements. In addition to revenue growth, we have also contained both R&D and total operating expenses to 21.0% of sales and 35.4% of sales, respectively, the lowest levels since the boom in 2000."

Rodgers continued, "Even with revenue from our Consumer and Computation Division (CCD) declining during the second quarter due to an inventory correction at several major customers, the other divisions improved dramatically to keep the top and bottom lines moving forward. We also expect CCD to rebound sharply in the current quarter based on strong demand for PSoC® products and programmable clocks. SunPower continued its robust revenue growth-30.2% quarter-on-quarter-and now accounts for more than 20% of Cypress's overall revenue. We expect robust revenue and earnings growth from SunPower in the third quarter, as well. Our flexible manufacturing plan is several months ahead of plan with the qualification of the first devices manufactured by our Shanghai-based foundry partner Grace Semiconductor Manufacturing Corp."

 
Consumer and Computation Division (CCD)

CCD revenue was $75.4 million in the second quarter, down 15.5% from the prior quarter, below our expectation due to inventory corrections at some major PC and consumer products customers. Divisional revenue accounted for 28.4% of second-quarter revenue. Third-quarter revenue is expected to increase strongly due to demand for Cypress's Programmable System-on-Chip™ (PSoC) mixed-signal array. Demand for general-purpose programmable clocks is also expected to increase, driven by the gaming and digital TV markets.

CCD posted a gross margin of 49.8%4 in the second quarter, down from 51.0%4 in the first quarter. The division contributed $0.021 earnings per share to the company's adjusted-GAAP net income in the second quarter, compared with $0.051 in the first quarter. CCD's contribution to earnings per share is expected to increase in the third quarter.

Second-quarter highlights for the division include:

+ 100 million PSoCs. Cypress has shipped more than 100 million PSoC mixed-signal arrays since the product was introduced in 2003.

+ 100 PSoC CapSense design wins. Cypress announced its 100th design win for the CapSense capacitive touch sensing interface, based on the popular programmable PSoC architecture. CapSense replaces mechanical buttons and sliders in a variety of applications, enabling a cleaner, more durable user interface.

+ 500 million USB controllers. Cypress has shipped more than 500 million USB controllers since ramping to volume production in 1997, including a record 130 million units in 2005.

+ USB fast download for cell phones. Cypress sampled a high-speed USB 2.0 controller that enables fast downloads of music, photo and video files in mobile handsets. Using the new MoBL-USB™ FX2LP18 controller, users can download 10 songs in just 18 seconds, versus six minutes for conventional technology.

+ LED Effects Inc. selected PSoC to control special effects in signage for casinos, movie theaters and other venues.

+ Taiwan-based Darfon Electronics Corp., an industry-leading manufacturer of human input devices, will use Cypress's 2.4-GHz WirelessUSB™ radio system on a chip and its enCoRe™ II (Enhanced Component Reduction) solutions in the next generation of Darfon wireless mice.

+ Cypress launched a USB host product that enables users to connect portable MP3 players, GPS systems and handsets to systems in their cars. The EZ-Host™ product meets the demanding temperature specifications of the Automotive Electronics Council.

+ Cypress shipped the industry's first motherboard clock generator to support processors and chipsets from all of the industry's major PC component suppliers. Designed in conjunction with a Cypress customer, Asustek, the Universal Clock Generator is compatible with multiple chips from Intel, Advanced Micro Devices, VIA and Silicon Integrated Systems-increasing the flexibility of PC designers and manufacturers.

Data Communications Division (DCD)

DCD revenue was $35.8 million in the second quarter, up 11.9% from the prior quarter, ahead of expectation. Revenue was driven by demand for video communications products and CPLDs. Divisional revenue accounted for 13.5% of second-quarter revenue. DCD revenue is expected to be flat in the third quarter.

DCD posted a gross margin of 66.9%4 in the second quarter, up from 63.0%4 in the first quarter. The division contributed $0.05 1 earnings per share on an adjusted-GAAP basis to our net income in the second quarter, compared with $0.02 1 in the first quarter. DCD contribution to EPS in the next quarter is expected to be flat.

Second-quarter highlights for the division include:

+ Cypress sampled two cable drivers for professional video equipment that are compatible with standard- and high-definition video formats. The drivers combine with Cypress's HOTLink-On-Demand™ video SERDES, video equalizers and YLink™ protection switch to form a complete portfolio of professional video interface products.

Memory and Imaging Division (MID)

MID revenue was $88.5 million in the second quarter, up 16.1% from the prior quarter, exceeding our expectation. The increase in second-quarter revenue was driven by demand for SRAMs for networking and communications applications. Divisional revenue accounted for 33.4% of second-quarter revenue. SRAM demand and overall MID revenue are expected to increase in the third quarter.

MID posted a gross margin of 38.6%4 in the second quarter, compared with 34.2%4 in the first quarter. The division had net earnings per share of $0.041 on an adjusted-GAAP basis in the second quarter, compared with a net loss per share of $0.011 in the first quarter. MID's contribution to earnings per share is expected to continue to improve in the third quarter.

Second-quarter highlights for the division include:

 + Non-magnetic, non-volatile static RAMs. Cypress sampled high-speed nonvolatile SRAM devices that can store data for more than 20 years without battery-backup, ensuring data integrity in the event of a power outage. The memories are made with all-CMOS technology, avoiding the cost and reliability problems of Magnetic Random Access Memories (MRAMs). Target applications include copy machines, point-of-sale terminals, handheld meters, RAID (Redundant Array of Independent Disks) storage arrays and consumer electronics.

 + Cypress began volume shipments of 90-nm micropower SRAMs, including 1-Mbit, 4-Mbit and 8-Mbit devices that will place Cypress in a performance and cost leadership position.

SunPower Corporation

Revenue from Cypress's SunPower subsidiary was $54.7 million in the second quarter, up 30.2% from the prior quarter and up 233% from the second quarter of 2005, driven by higher worldwide module sales, higher ASPs and the ramp of our third solar cell production line in the Philippines, which came online in late Q1. SunPower, which is by far the fastest growing Cypress business, continues to deliver results ahead of plan. SunPower accounted for 20.6% of Cypress's second-quarter revenue. We expect revenue to increase in the third quarter due to higher module sales and increased production on our fourth Philippine production line.

SunPower posted a gross margin of 23.5%4 in the second quarter of 2006, compared with 16.8%4 in the first quarter. SunPower accounted for adjusted-GAAP earnings per share of $0.031 in the second quarter, compared with earnings per share of $0.021 in the first quarter. SunPower's contribution to earnings per share is expected to increase in the third quarter.

Second-quarter highlights include:
          
 + SunPower raises $198 million. SunPower completed a secondary public offering of seven million shares of its Class A common stock, raising $198 million at $29.50 per share.

 + SunPower signed a four-year polysilicon supply agreement with DC Chemical Co., Ltd. The agreement will enable DC Chemical, which currently makes precursor gases for polysilicon production, to expand into polysilicon manufacturing for silicon solar cells, beginning in 2008. DC Chemical is Korea's leading chemical company.

+ SunPower extended its five-year, $500 million silicon supply agreement with M.Setek through the year 2010. The agreement increases SunPower's access to silicon in 2008 with the potential for additional supply in 2007.

 + SunPower announced that its A-300 silicon solar cells will help to power the 35-story Millenium Towers in New York City. The system, which will be integrated into the building's façade, is expected to produce 27.3 kilowatts of peak power.

Other Developments

 + Qualified first "Flexible Manufacturing" products from Chinese foundry partner. Cypress qualified its first devices manufactured by foundry partner Grace Semiconductor Manufacturing Corp. several months ahead of schedule. Cypress will transfer its 0.13-micron C8™ process technology to Shanghai-based Grace Semiconductor in the third quarter.

+ Bill Dunnigan joined Cypress as the senior vice president of Cypress's wafer fabs. Dunnigan joined Cypress from Motorola/Freescale, where he held various leadership positions over the past 26 years, including vice president and general manager of the company's High Performance Microprocessor Business. Dunnigan has spent more than 20 years in manufacturing, including responsibility for several wafer fabs around the world, from 150 mm GaAs/bipolar processes to 200 mm and 300 mm advanced CMOS manufacturing.

+ Cypress celebrated its 20th anniversary as a publicly traded company on May 30 by ringing the opening bell of the New York Stock Exchange. Cypress CEO T.J. Rodgers is now the longest-standing chief executive officer of a semiconductor company on the NYSE 6.

 + Cypress named Paul Chu Vice President of Asia Sales and Operations. Chu brings more than 25 years of semiconductor sales, marketing and engineering experience to Cypress, including work at Freescale Semiconductor and Advanced Micro Devices. 

Conclusion

Rodgers concluded, "We are 87% booked at the beginning of the third quarter. Our new product portfolio, focused on proprietary products, is producing design wins at record levels. Semiconductor industry fundamentals continue to be strong. We remain vigilant, but optimistic, in our drive to post our first $1 billion-plus year since the communications boom of 2000."

About Cypress

Cypress solutions perform: consumer, computation, data communications, automotive, industrial, and solar. Leveraging proprietary silicon processes, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions and reconfigurable mixed-signal arrays. Cypress trades on the NYSE under the ticker symbol CY. Visit us at www.cypress.com.

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End Notes

1. Adjusted-GAAP EPS, shown here on a fully diluted basis, excludes stock-based compensation charges, and the amortization of intangibles and other acquisition-related, restructuring and special charges and credits." Adjusted-GAAP EPS by segment is calculated using the diluted weighted average share count utilized for the consolidated reported results. Management evaluates the company using the same weighted average share count as utilized for consolidated reporting purposes. See the "Reconciliation of GAAP to adjusted-GAAP" condensed consolidated statements of operations.
2. There is not a directly comparable GAAP measure for the segment adjusted-GAAP EPS as management does not allocate GAAP reconciliation items to the segments. The most directly comparable GAAP measure is at the consolidated results level which is presented above.
3. CCD is the Consumer and Computation Division; DCD is the Data Communications Division; MID is the Memory and Imaging Division.
4. Adjusted-GAAP gross margin percent excludes the impact of stock-based compensation, acquisition-related and other charges and credits. See the "Supplemental Segment and Gross Margin Information Table" for a reconciliation of the adjusted-GAAP gross margin to GAAP gross margin.
5. See the "Reconciliation of GAAP to Adjusted-GAAP Condensed Consolidated Statements of Operations" table.
6. Verified by Cypress using data from the NYSE and member companies.

Safe Harbor Statement

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the third quarter of 2006, revenue for 2006, and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. We use words such as "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify forward-looking statements that include, but are not limited to, statements related to demand for our PSoC, general purpose clock and SRAM products, Cypress and/or Grace's ability to ship and qualify products and transfer technology to Grace as proposed in Q3 and Q4, SunPower's production levels and module sales, our prices, growth, our ability to secure raw materials, shipments, new products, profit and revenue. Such statements reflect our current expectations which are based on information and data available to our management as of the date of the release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competition, our ability to develop and roll-out new products, our ability to execute on our flexible manufacturing plan, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, seasonality in the markets we serve, our ability to improve our gross margins and realize our bookings, the financial and operational performance of our subsidiaries, including SunPower's ability to ramp production and obtain a sufficient amount of polysilicon, and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements. 

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude items related to acquisitions, including amortization of intangibles, in-process research and development and stock-based compensation, employee loan reserves, off-balance sheet lease guarantee accrual, restructuring, impairment on investments, gains or losses on investments and other non-recurring costs. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, PSoC, MoBL and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, Programmable Radio-on-a-Chip, MoBL-USB, EZ-USB LP, WirelessUSB, YLink, C8, Hotlink-On-Demand, EZ-Host and enCoRe are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. All other trademarks or registered trademarks are the property of their respective owners.

SAN JOSE, Calif., April 21, 2005 - Cypress Semiconductor Corp. (NYSE: CY) announced that revenue for the 2005 first quarter was $200.3 million, down 4.7% from prior-quarter revenue of $210.2 million and down 21.3% from year-ago first-quarter revenue of $254.4 million.

Cypress posted a GAAP net loss of $65.1 million in the 2005 first quarter, or a diluted loss per share of $0.50. This compares with last quarter's diluted loss per share of $0.22 and year-ago first-quarter diluted earnings of $0.16 per share. Our GAAP net loss in the 2005 first quarter includes restructuring charges of $19.0 million.

On an adjusted-GAAP basis-excluding the amortization of intangibles and other acquisition-related, restructuring and special charges and credits-the 2005 first quarter resulted in a net loss of $25.1 million, or a diluted loss per share of $0.19. This compares with the prior quarter's diluted loss per share of $0.14 and year-ago first quarter diluted earnings of $0.19 per share.

Cypress President and CEO T.J. Rodgers said, "Our revenue for the 2005 first quarter came in at the bottom of the range we provided in guidance at the beginning of the quarter. However, we believe that the first quarter was the bottom of this current slowdown. We have started the second quarter with a better backlog position than last quarter's, and bookings to date are strong. Most of our revenue shortfall in the first quarter was the result of a decrease in sales of memory products to the wireless handset market, which experienced softness towards the end of the quarter. On the other hand, SunPower Corp.-our silicon solar cell subsidiary-exceeded its revenue target slightly, posting sales of $11 million in the first quarter."

Rodgers continued, "Our adjusted-GAAP loss per share of $0.19 for the first quarter was slightly better than our low-end guidance of $0.21 per share. We remain committed to our goal of achieving profitability in the second quarter, the first quarter in which the restructuring and cost-reduction measures we announced earlier this year take effect."

Rodgers continued, "Gross margin for the first quarter was 37%-flat compared to the previous quarter. We managed our net inventory down again, amounting to $3 million in the first quarter, despite missed sales and an increase in SunPower's inventory to support its ramp."

Rodgers continued, "Our cost reductions included a reduction from four divisions organized around product lines to three divisions organized around market segments: the Computation and Consumer Division (CCD), the Data Communications Division (DCD), and the Memory and Imaging Division (MID). Beginning this quarter, we will report along these lines, including a separate report on SunPower."

           Contacts:
            Manny Hernandez
         CFO, VP Finance & Administration
             (408) 943-2754
 
         Joseph L. McCarthy
       VP Corporate Communications
             (408) 943-2902

For immediate release

Cypress Reports Fourth Quarter 2004 Results

SAN JOSE, Calif., January 27, 2005 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2004 fourth quarter was $210.2 million, down 4.3% from prior quarter revenue of $219.6 million and down 11% from year-ago fourth quarter revenue of $236.0 million.

On a non-GAAP basis-excluding the amortization of intangibles and other acquisition-related, restructuring and special charges and credits-the 2004 fourth quarter resulted in a net loss of $18.0 million, or a diluted loss per share of $0.14. This compares with the prior quarter's diluted earnings per share of $0.22, which included a favorable adjustment to income tax liabilities of $29.9 million, without which earnings per share were $0.04. Diluted earnings per share in the year-ago fourth quarter were $0.16.

Cypress posted a GAAP net loss of $28.1 million in the 2004 fourth quarter, or a diluted loss per share of $0.22. This compares with last quarter's GAAP earnings of $0.02, which includes the tax benefit noted above, without which the GAAP loss per share was $0.16. Diluted earnings per share in the year-ago fourth quarter were $0.15 per share.

For the fiscal year 2004, Cypress posted total revenue of $948.4 million, a growth of 13.3% from fiscal year 2003 revenue of $836.8 million. On a non-GAAP basis, Cypress's total year net income was $83.3 million, or diluted earnings per share of $0.54. On a GAAP basis, Cypress's total year net income was $24.7 million, or diluted earnings per share of $0.17.

Cypress President and CEO T.J. Rodgers said, "Although our results were in line with revenue guidance issued at the beginning of the quarter, we missed our earnings guidance. This was primarily due to the underutilization of our fabs, which in turn was based on our decision to drain inventory in the current low-demand environment. As a result, internally fabricated inventory dropped by $3.6 million, compared with last quarter's inventory growth of $16.7 million. Combined with lower sales and a decrease in average selling price, these factors contributed to a 37% gross margin for the quarter."

Rodgers continued, "To hasten our return to profitability, we have taken action to reduce our cost structure and improve our end-market orientation, including an organizational restructuring and a reduction in force of approximately 200 employees worldwide. We are merging our Timing Technology Division and Personal Communications Division into a new, market-oriented Consumer and Computation Division. We will close our Austin, Texas CAD center, lower our headcount in Minnesota Fab 4 in line with demand, and systematically reduce the number of management layers in the company to no more than six in most of our functional organizations. The full impact of these actions won't be realized until the second quarter of 2005. Our current estimate of charges related to these actions is approximately $15 million, of which $6 million is expected to be an actual cash expense."

MARKET SEGMENTS

Wide Area Networks and Storage Area Networks (WAN/SAN)

Revenue from the WAN/SAN segment, which accounted for 31% of fourth-quarter revenue, decreased 11% from the prior quarter, compared with our expectation of flat revenue. The gross margin for the segment was 44%. There was a more aggressive inventory-reduction push at our customers in Q4 than we had anticipated at the beginning of the quarter. We are not expecting this to change in the first quarter; as a result, we are forecasting another reduction in revenue. Segment highlights for the fourth quarter include:

+ Cypress announced the release of its Cynapse™ SP software platform, providing networking vendors with a common-control-plane application programming interface (API) that supports Cypress's portfolio of TCAM- and algorithmic-based network search engines (NSEs). Cynapse SP enables software developers to build and simulate applications prior to their integration into hardware, accelerating time-to-market.

+ Cypress shipped fully qualified 4-Mbit, 9-Mbit, 36-Mbit and 72-Mbit synchronous SRAMs. These memories, built on Cypress's 90-nm RAM9™ technology, are many times faster than competing high-speed DRAMs and feature high data throughput and low latency. They target a broad array of applications, including switches, routers, basestations and data storage devices.

+ Cypress also introduced 90-nanometer versions of its 18-Mbit QDR™-II (Quad Data Rate™) SRAM family, including 250 MHz devices optimized for router applications. Earlier in 2004, Cypress became the first company to sample 72-Mbit QDR-II devices at 90 nm.

Wireless Terminals and Wireless Infrastructure (WIT/WIN)

Revenue from the WIT/WIN segment, which accounted for 31% of fourth-quarter revenue, declined 16% from the prior quarter, compared with our expectation of flat revenue. The WIT/WIN gross margin was 30%. Cypress's handset revenue was flat with a significant reduction of average selling prices. The segment continued to experience a slowdown in the wireless infrastructure business as customers deferred 3G basestation deployment projects. We expect segment revenue to be flat quarter on quarter. Among the highlights:

 + Cypress added five new products to its FLEx18™ family of synchronous, pipelined, dual-port RAMs, all of them in the world's smallest package: a 144-pin fine-pitch ball-grid array (FBGA). The devices, ranging in density from 512 Kbit to 9 Mbit, with up to 24 gigabits per second (Gbps) of bandwidth, enable designers to shrink board sizes and increase reliability by reducing pin count. Cypress's FLEx18 dual ports target applications including wireless microbasestations and voice-over-Internet-protocol (VoIP).   

 + Cypress announced that its HOTLink II™ physical layer family now meets the 768-Mbaud and 1536-Mbaud Reference Point 3 (RP3) specifications of the Open Basestation Architecture Initiative (OBSAI). The RP3 specification addresses the interface between baseband processing cards and RF modules using OBSAI-defined packets and high-speed serial links.

 + Cypress also announced that its HOTLink II family is compliant with version 1.2 of the Common Public Radio Interface (CPRI) specification. The CPRI spec defines a standardized serial interface between the digital and RF components of a basestation, reducing system costs and accelerating time to market.

Computation and Consumer

Revenue from the computation and consumer segment, which accounted for 31% of fourth-quarter revenue, increased 13% from the prior quarter, outpacing the company's expectation of flat revenue. The gross margin for the segment was 37%, primarily due to the negative impact of memory pricing in cell phones. Strong demand for USB and clock products-particularly those for mobile computing and gaming platforms-helped to drive segment growth. We expect flat revenues in Q1, which is normally a seasonally down quarter due to low inventory levels in the channel. Fourth-quarter highlights include:

+ In the wired Universal Serial Bus (USB) business, Cypress and Agilent Technologies announced a joint reference design kit for high-performance optical mice. The combination USB-PS/2 reference design kit gives manufacturers the technical instructions and firmware to quickly implement an optical mouse design and create innovative products for PC OEM and retail markets.

+ Cypress also announced general availability of the CY4640 USB Host Mass-Storage Reference Design Kit, which has helped it to secure lead customers for USB hard drives, MP3 players and set-top boxes with host functionality. 

+ Cypress launched production shipments of its WirelessUSB™ Sensor Network Development Kit for low-cost, low-power, wireless sensor networks. The solution targets low-data-rate, high-node-density systems, providing a scalable development environment for a wide variety of consumer, industrial, medical, building and home-automation systems. WirelessUSB is a low-cost, high-performance 2.4 GHz radio system-on-a-chip technology that enables developers to "cut-the-cord" in low-data-rate applications such as PC keyboards and mice, video game controllers and sensors.

 + Cypress announced that its WirelessUSB radio system-on-a-chip received a best-in-class design innovation award from the publisher of Electronic Product Design magazine, a major electronics trade publication. The award marked the fifth time Cypress's WirelessUSB has received such industry recognition.

+ Cypress entered the $1.52 billion market for crystal oscillators with the launch of its CY25701 programmable timing generator, which integrates a spread-spectrum crystal oscillator (SSXO) and a high-frequency reference crystal in a single package. The addition of an onboard crystal to Cypress's SSXO products eliminates the need for designers to characterize oscillators with the broad array of crystals available on the market to determine the optimal pairing for their system. The new family of "oscillator-inside" devices-now available in production quantities-paves the way for Cypress to expand outside the $1.69 billion market for conventional clock chips.
 

Cypress Subsidiaries

Revenue from Cypress's subsidiaries, which accounted for 7% of fourth-quarter revenue, increased 31% from the prior quarter, in line with expectations. The gross margin for the segment was 47%. Increased revenues were driven by the continued ramp of SunPower Corp. solar cells and Cypress MicroSystems' Programmable System-on-Chip™ (PSoC™) mixed-signal arrays. Segment highlights include:

+ SunPower announced plans to double the capacity of its Philippines manufacturing plant to 50 megawatts-about $150 million per year in revenue potential-based on strong demand for its solar cells and modules. The global demand for solar-electric systems has increased by more than 40 percent annually over the past five years, according to Strategies Unlimited, a leading independent market research firm. But even with this rapid growth, the entire solar-cell industry produced only 1,000 megawatts of capacity in 2004-equivalent to one large power plant. In other words, the solar industry is just beginning to show up on the energy production charts and has a long future ahead of it.

+ SunPower launched its line of high-efficiency photovoltaic modules in the North American market at the Solar Power 2004 conference in San Francisco. Previously, SunPower's breakthrough products had been available only in Europe due to very high demand and a limited but ramping supply.

+ SunPower also announced the installation of its first building-integrated photovoltaic system. The company's solar cells were laminated into custom glass panels and designed into the rounded façade of a building in Paderborn, Germany. SunPower's A-300 cells were selected for their high efficiency and unique all-black appearance. The National Renewable Energy Laboratory has rated A-300 solar cells at 21.5% efficiency, the best in the industry, compared with typical production cells in the 12%-15% range.

+ Cypress MicroSystems (CMS) announced production shipments of its smallest, most integrated PSoC mixed-signal arrays, featuring four configurable analog and digital blocks. The new device rounds out the PSoC portfolio, which now targets embedded-control applications ranging from the most complex to the most cost-effective.

+ CMS also announced the qualification of its PSoC device by the Automotive Electronics Council. The ability of a PSoC array to integrate analog and digital functionality with an eight-bit microcontroller in applications operating up to 125 degrees Celsius has enabled it to secure design wins in power train and automotive body electronics, as well as in car-based safety, security and entertainment systems.

+ Silicon Magnetic Systems provided alpha samples of its 256-Kbit magnetic random access memory (MRAM) device to seven key customers, two of which have indicated that the MRAMs are fully functional in initial system tests and five that are currently developing evaluation systems. MRAM is a fast-write, easy-to-use technology combining the best characteristics of volatile and non-volatile memories.

Other Developments

+ Cypress's founder and CEO, T.J. Rodgers, was inducted into the Silicon Valley Engineering Hall of Fame. Rodgers and four other industry pioneers-including Douglas Engelbart, the inventor of the computer mouse-will be honored in February at an event hosted by the Silicon Valley Engineering Council (SVEC), a regional organization representing 60,000 engineers, scientists and technology professionals. The Hall of Fame's membership comprises a virtual "Who's-Who" of industry pioneers, including Hewlett-Packard founders William Hewlett and David Packard, Intel Corp. founders Robert N. Noyce and Gordon E. Moore, and Apple Computer founder Steve Wozniak. Rodgers remains active in a few key technology programs at Cypress; he recently received his 10th patent.

+ In December, Cypress completed the redemption of all outstanding 3.75% convertible subordinated notes, due July 1, 2005 for approximately $69 million.

Conclusion

Rodgers concluded, "In light of our fourth-quarter results, we are taking decisive action to return the company to profitability quickly. We remain excited about the growth prospects of our subsidiaries, particularly SunPower and Cypress MicroSystems. We still expect these new businesses to ramp and offset the market softness that may impact our industry in the first half of 2005."

 
About Cypress

Cypress Semiconductor Corp. (NYSE: CY) provides high-performance solutions for personal, network access, enterprise, metro switch and core communications system applications. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers and network search engines, along with a broad portfolio of high-bandwidth memories, USB devices, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at www.cypress.com.

This press release contains statements that are not historical facts, but are forward looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipates," "believes," "expects," "future," "estimates," "plans," "intends" and similar expressions to identify forward-looking statements." Such forward-looking statements regarding the future prospects of Cypress and the semiconductor industry more generally, Cypress's anticipated revenue and operating results, and customer demand for Cypress products are based on management's current expectations as of the date of this release. Our actual results may differ materially due to a variety of uncertainties and risks, including those described in our filings with the Securities and Exchange Commission, as well as our ability to fully realize the anticipated benefits of the cost-cutting and restructuring measures identified this release, the actual cost of such measures, the ability of such measures to return the Company to profitability, the possible disruptive effects of merging certain divisions within the Company, the optimization of our manufacturing facilities, the movement in ASPs, our ability to manage inventory, the seasonality of the computation and consumer segment, and the demand for SunPower and PsoC products. Cypress cannot provide any assurance that its results will meet expectations, or that it has identified all of the risk factors that might materially affect such results. We assume no responsibility to update any forward-looking statement.

Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation.

Cynapse, RAM9, WirelessUSB, FLEx18, and HOTLink II are trademarks of Cypress Semiconductor Corporation.

Quad Data Rate™ and QDR™ comprise a family of SRAM products developed by Cypress, IDT, NEC and Samsung.

Programmable System-on-Chip and PSoC are trademarks of Cypress MicroSystems, Inc.

Intel is a registered trademark of Intel Corporation.

All other trademarks or registered trademarks are the property of their respective owners.

Click here to download financials.

Click here to download Q4 2004 GAAP to Non-GAAP reconciliation.

Click here to download reconciliation of GAAP to Non-GAAP 2005 financial plan.

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Financials

Click HERE to view Q3-2006 Business Unit Summary Financials.

Click HERE to view Q3-2006 Financial Statements.

Click HERE to view Q3-2006 Adjusted-GAAP and GAAP Financial Statements.

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• Revenue of $290.2 million exceeds upper end of revenue guidance
• Record quarterly PSoC® device revenue
• SRAM gross margins and profitability remain strong
• SunPower contributes significantly to EPS

SAN JOSE, Calif., October 19, 2006-Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2006 third quarter was $290.2 million, up 9.4% from prior-quarter revenue of $265.2 million and up 27.8% from year-ago third-quarter revenue of $227.1 million.

Cypress posted GAAP net income of $10.7 million in the 2006 third quarter, or diluted earnings per share of $0.06. This compares with the prior quarter's diluted earnings per share of $0.04 and a diluted net loss per share of $0.04 in the year-ago third quarter.

On an adjusted-GAAP basis-excluding charges for stock-based compensation, acquisition-related charges and other special charges and credits-the 2006 third quarter resulted in a net profit of $27.6 million5, or diluted earnings per share of $0.161. This compares with the prior quarter's diluted earnings per share of $0.131. Diluted earnings per share in the year-ago third quarter were $0.031.

Consolidated gross margin on an adjusted-GAAP basis4 for the third quarter was 43.4%, down 0.6% from the previous quarter. On a GAAP basis, gross margin was 42.6%, down 0.3% from the prior quarter.

Cypress President and CEO T.J. Rodgers said, "Cypress's third-quarter revenue of $290.2 million was up for the sixth consecutive quarter, reaching its highest point since the fourth quarter of 2000, the Company's all-time revenue record quarter. Net income also increased for the sixth straight quarter. Our gross margins were affected by manufacturing limitations which we expect to improve going forward."

Rodgers added, "We are ahead of schedule implementing our flexible manufacturing strategy. Our foundry partner, Grace Semiconductor, shipped $1.2 million in PSoC mixed-signal arrays during the quarter. SunPower continues to be our fastest-growing business, and we expect more of the same in the fourth quarter."

Consumer and Computation Division (CCD)

CCD revenue was $89.7 million in the third quarter, up 19.0% from the prior quarter, accounting for 30.9% of our quarterly revenue and meeting our expectations. The sharp revenue increase was driven by holiday demand and increased market penetration of our PSoC products. Fourth-quarter revenue is expected to be sequentially flat to slightly down.

CCD posted a gross margin of 45.7%4 in the third quarter, down from 49.8%4 in the second quarter. The division contributed $0.031 earnings per share to the company's adjusted-GAAP net income in the third quarter, compared with $0.021 in the second quarter. CCD's contribution to earnings per share is expected to remain relatively flat in the fourth quarter.

Third-quarter highlights for the division include:

+ Enhanced PSoC CapSense. Cypress introduced a lower-power version of CapSense, its PSoC-based capacitive sensing solution. The new device family targets handsets and other mobile applications. The new CapSense devices deliver 45 times better noise immunity, 30 percent faster update speeds with 60 percent lower noise consumption and 300 percent greater resolution than previous devices, improving on the industry's most flexible capacitive sensing solution.

+ New PSoC software. Cypress launched PSoC Express™ 2.1, an easy-to-use visual development tool that allows engineers to develop microcontroller-based designs with a drag-and-drop interface, without having to write a line of computer code. It also adds many new device drivers that designers can select to easily implement functions within a PSoC device, including seven-segment LED displays, thermocouples, accelerometers, I2C remote monitor and control devices, distance sensors and ambient light sensors.
 
+ Cypress qualified a new Murata Electronics ceramic resonator for use with its MoBL-USB™ and EZ-USB® families of high-speed USB devices. The Murata device replaces crystals in space-constrained mobile products.

+ Cypress and Artaflex, a Canadian-based maker of wireless modules, jointly announced four new precertified WirelessUSB™ LP-based modules for home automation, medical and industrial applications. Precertification eliminates the need for regulatory compliance testing, reducing design cost and time-to-market.

+ Cypress and Symwave Inc. introduced a USB reference design kit that enables fingerprint security for external hard disk drives.

 + PnPNetwork Technologies selected Cypress's EZ-USB FX2LP™ controller for its newest baseband decoder development platform. Using the Digital Multimedia Broadcasting-Terrestrial standard, the decoders help to deliver high-definition TV signals to personal computers.

+ Cypress introduced the InstaClock™ Programmable Clock Generator Kit, enabling designers to program clock chips with commonly used frequencies in less than one minute on their own PCs. The kits eliminate the wait for custom-programmed parts or mask changes, accelerating time to market.

 + Cypress launched a high-performance clock generator for next-generation digital entertainment systems that use high-speed Rambus Inc. XDR™ (Extreme Data Rate) memory systems.

Data Communications Division (DCD)

DCD revenue was $36.2 million in the third quarter, up 1.1% from the prior quarter, in line with our expectations. Divisional revenue accounted for 12.5% of third-quarter revenue. DCD revenue is expected to decrease in the fourth quarter due to the seasonal slowdown in telecommunications.

DCD posted a gross margin of 67.7%4 in the third quarter, up from 66.9%4 in the second quarter. The division contributed $0.06 1 earnings per share on an adjusted-GAAP basis to our net income in the third quarter, compared with $0.05 1 in the second quarter. DCD's contribution to earnings per share is expected to decrease slightly in the fourth quarter.

Third-quarter highlights for the division include:

+ RGB Networks integrated Cypress's HOTLink-on-Demand™ video SERDES into its Broadcast Network Processor (BNP). The high throughput of the multichannel HOTLink SERDES helps make the RGB processor the cable industry's highest-density digital video processing solution.

 + Altera Corp. selected Cypress's high-performance video equalizer for its second-generation, video-over-Internet Protocol reference design.

+ Cypress added six new products to its family of MoBL™ (More Battery Life™) Dual-Port memories for next-generation mobile handsets. The new devices are the first to use a multiplex interface to make a direct connection between a phone's application and baseband processors, improving multimedia performance and enabling additional features and functions.

Memory and Imaging Division (MID)

MID revenue was $86.0 million in the third quarter, down 2.8% from the prior quarter. Revenue fell slightly short of our expectation of a sequential increase, due in part to a decline in DRAM shipments. Divisional revenue accounted for 29.6% of third-quarter revenue. Fourth quarter MID revenue is expected to increase due to an increase in SRAM demand and higher output from our flexible manufacturing fab partners.

MID posted a gross margin of 39.3%4 in the third quarter, compared with 38.6%4 in the second quarter. The division reported net earnings per share of $0.041 on an adjusted-GAAP basis in the third quarter, compared with net earnings per share of $0.041 in the second quarter. MID's contribution to earnings per share is expected to increase in the fourth quarter.

Third-quarter highlights for the division include:

 + Cypress sampled its first 18- and 36-Mbit QDR-II™+ (Quad Data Rate™) SRAMs. The company previously sampled the industry's first 72-Mbit QDR-II+ device, the highest-performance standard SRAM on the market, used primarily in data networking applications.

 + Cypress's IM103 automotive and machine vision image sensor has been named the most innovative image sensor for 2006 by Semiconductor Insights, a technical advisor to the world's microelectronics community.

SunPower Corporation

Revenue from Cypress's SunPower subsidiary was $65.3 million in the third quarter, up 19.4% from the prior quarter and up 198.6% from the third quarter of 2005, driven primarily by higher worldwide unit sales of solar panels. SunPower continues to deliver results ahead of plan. SunPower accounted for 22.5% of Cypress's third-quarter revenue. We expect revenue to increase in the fourth quarter of 2006 based in part on production from our fourth Philippines solar cell production line, which is expected to begin operations during the fourth quarter.

SunPower posted a gross margin of 25.3%4 in the third quarter of 2006, compared with 23.5%4 in the second quarter of 2006. SunPower's adjusted-GAAP pretax profit was 19.5% of its revenue in the third quarter. SunPower contributed adjusted-GAAP diluted earnings per share of $0.051 in the third quarter, compared with earnings per share of $0.031 in the second quarter. SunPower's contribution to Cypress's earnings per share is expected to increase in the fourth quarter.

Third-quarter highlights include:
          
+ SunPower President and Chief Technology Officer Dick Swanson was awarded the Becquerel Prize for Outstanding Merits in Photovoltaics, becoming only the second American to receive this honor. Presented by the Commission of the European Communities, the award recognized Swanson for outstanding contributions to the development of high-efficiency solar cells.

 + SunPower purchased a 431,000-square-foot manufacturing facility near its existing plant in the Philippines to expand production capacity. At full capacity, the plant will turn out more than 300 megawatts (MW) of solar cells per year, equivalent to an annual revenue of $1.2 billion at today's prices.

+ SunPower also inaugurated a new automated solar panel manufacturing plant in the Philippines. The plant will produce 90 MW of solar panels per year when ramped to full production.

 + SunPower expanded its line of high-efficiency inverters, which convert the direct current of a solar-cell array into the alternating current used by most homes and businesses. Inverter industry leader Xantrex Technology will manufacture the new, SunPower-branded products. SunPower will offer the inverters, inverter monitors and high-performance solar panels to its North American customers as part of an integrated solar-power system solution.

Other Developments

+ On October 10, Cypress spun out the assets and intellectual property of its PC clock business to Spectra Linear for cash and equity. The transaction did not involve Cypress's general purpose clock business, which is four-and-a-half times larger than its PC clock business.

 + Cypress shipped first production units of the new OvationONSTM laser-based optical navigation sensor targeted at high-end and mid-range wired and wireless mice. The sensor delivers fast and precise tracking on more surfaces than other sensors on the market, using Cypress's patent-pending OptiCheck™ technology, which offers outstanding accuracy and a variable resolution ranging from 800 to 2,400 CPI (counts per inch).

+ Fabless semiconductor company Cavendish Kinetics announced the start of a development program for a new embedded data storage technology at Cypress's Silicon Valley Technology Center (SVTC) subsidiary.

+ Cypress began transferring its 0.13-micron RAM8™ process technology to its foundry partner, Grace Semiconductor Manufacturing Corp., of Shanghai, China. The technology will be used to build SRAM products which are currently being allocated by the company.

+ Cypress launched a new University Alliance Program to support electrical engineering and computer science students and professors at the world's top schools-cultivating potential employees and customers. The program provides students with access to chip samples, design resources and online training. The program website can be located at www.cypress.com/cuap.

Conclusion

Rodgers concluded, "Our new product portfolio, focused on our proprietary, programmable products, continues to enjoy strong customer acceptance." Our PSoC product family-among the industry's most flexible, innovative programmable products-continues to penetrate major end-markets such as consumer electronics, computation, communications, automotive, industrial and white goods. Growth from our SunPower subsidiary remains strong and ahead of plan, and we continue to take steps to focus our business. Barring a significant downturn in the fourth quarter, we remain optimistic that we will reach our 2006 goal of approximately $1.1 billion in revenue."

About Cypress

Cypress solutions perform: consumer, computation, data communications, automotive, industrial, and solar. Leveraging proprietary silicon processes, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions and reconfigurable mixed-signal arrays. Cypress trades on the NYSE under the ticker symbol CY. Visit us at www.cypress.com.

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End Notes

1. Adjusted-GAAP EPS, shown here on a fully diluted basis, excludes stock-based compensation charges, and the amortization of intangibles and other acquisition-related, restructuring and special charges and credits." Adjusted-GAAP EPS by segment is calculated using the diluted weighted average share count utilized for the consolidated reported results. Management evaluates the company using the same weighted average share count as utilized for consolidated reporting purposes. See the "Reconciliation of GAAP to Adjusted-GAAP Condensed Consolidated Statements of Operations" table.
2. There is not a directly comparable GAAP measure for the segment adjusted-GAAP EPS as management does not allocate GAAP reconciliation items to the segments. The most directly comparable GAAP measure is at the consolidated results level which is presented above.
3. CCD is the Consumer and Computation Division; DCD is the Data Communications Division; MID is the Memory and Imaging Division.
4. Adjusted-GAAP gross margin percent excludes the impact of stock-based compensation, acquisition-related and other charges and credits. See the "Supplemental Segment and Gross Margin Information" table for a reconciliation of the adjusted-GAAP gross margin to GAAP gross margin.
5. See the "Reconciliation of GAAP to Adjusted-GAAP Measures Condensed Consolidated Statements of Operations" table.

Safe Harbor Statement

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the fourth quarter of 2006, revenue for 2006, and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. We use words such as "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify forward-looking statements that include, but are not limited to, statements related to demand for our PSoC devices, CapSense devices and SRAM products, improvements we expect in our manufacturing utilization, the functionality and features of our new products, the capacity of SunPower's second manufacturing facility and solar panel production facility, our prices, growth, shipments, profit and revenue. Such statements reflect our current expectations which are based on information and data available to our management as of the date of the release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competition, our ability to develop and roll-out new products, our ability to execute on our flexible manufacturing plan and successfully transfer our technology to Grace Semiconductor, whether PSoC Express 2.1 and our other new products perform as expected, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, seasonality in the markets we serve, our ability to improve our gross margins and realize our bookings, the financial and operational performance of our subsidiaries, including SunPower's ability to ramp production and obtain a sufficient amount of polysilicon, SunPower's production levels and module sales, and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements. 
 

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude charges for stock-based compensation, acquisition-related charges and other special charges and credits. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, PSoC, MoBL, EZ-USB and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. Programmable System-on-Chip, PSoC Express, Programmable Radio-on-a-Chip, MoBL-USB, EZ-USB FX2LP, WirelessUSB, RAM8, HOTLink-On-Demand, InstaClock, and More Battery Life are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. XDR is a trademark of Rambus Inc. QDR-II and Quad Data Rate are trademarks of the QDR Consortium. All other trademarks or registered trademarks are the property of their respective owners.

Financials

Click HERE to view Q4-2006 Business Unit Summary Financials

Click HERE to view Q4-2006 Financials

Click HERE to view Q4-2006 Financials (formatted with endnotes)

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• Fiscal 2006 revenue increased 23.1% over 2005
• Adjusted-GAAP EPS1 for 2006 increased by $0.64 over 2005, to $0.51
• Record quarterly PSoC® revenue; 99.1% growth year-on-year
• SRAM quarterly gross margins and earnings at highest level since Q1 2001
• Cash and short-term investments from semiconductor business increased $210 million year-on-year
• SunPower contributed significantly to revenue and EPS

SAN JOSE, Calif., January 25, 2007 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2006 fourth quarter was $287.0 million, down 1.1% from prior-quarter revenue of $290.2 million-a figure that included $5.4 million in revenue from the PC clock group, which was divested in October 2006. Fourth-quarter revenue increased 20.3% from year-ago fourth-quarter revenue of $238.5 million.

Adjusted-GAAP net income for the 2006 fourth quarter-earnings that exclude charges for stock-based compensation, acquisition-related charges and other special charges and credits-totaled $26.1 million(5), or diluted earnings per share of $0.15(1). This compares with the prior quarter's diluted earnings per share of $0.16(1). Diluted earnings per share in the year-ago fourth quarter was $0.04(1).
Cypress recorded GAAP net income of $15.8 million in the 2006 fourth quarter, or diluted earnings per share of $0.09. This compares with last quarter's diluted earnings per share of $0.06. Diluted loss per share in the year-ago fourth quarter was $0.02 per share.

Consolidated gross margin on an adjusted-GAAP basis4 for the fourth quarter was 42.5%, down 0.9% from the previous quarter primarily due to product mix. On a GAAP basis, gross margin was 41.6%, down 1.0% from the prior quarter. Semiconductor margin on an adjusted-GAAP basis(4) for the fourth quarter was 48.2%, down slightly from the previous quarter due to product mix, and up 4.1% from 44.1% in the year-ago fourth quarter.

For the fiscal year 2006, Cypress posted total revenue of $1.09 billion, an increase of 23.1% from fiscal year 2005 revenue of $886.4 million. On an adjusted-GAAP basis, Cypress's fiscal year 2006 diluted earnings per share(1) were $0.51, compared with a diluted net loss per share of $0.13 in 2005. On a GAAP basis, including a first-time FAS123R stock-based compensation expense, Cypress's fiscal year 2006 diluted earnings per share was $0.25 compared with a diluted net loss per share of $0.69 in 2005.

Cypress President and CEO T.J. Rodgers said, "Cypress achieved more than $1 billion in annual revenue for the first time since the boom of 2000, propelled by a solid overall fourth quarter that featured a record revenue quarter for PSoC, resulting in a year-on-year doubling of PSoC revenue. We are structurally a substantially more profitable company than we were a year ago, driven by strong overall direct margins, a stable ASP environment and significant contributions from SunPower and our SRAM division.

"Cypress's business remains fundamentally solid with a book-to-bill ratio of 0.96 and 86% of the first quarter booked, going into the quarter. We expect routine seasonality in our core semiconductor business, and are seeing some softness in certain communications-related markets-especially cell phone basestations-but we currently do not anticipate any significant or prolonged slowdown in 2007."

Consumer and Computation Division (CCD)

CCD revenue was $79.9 million in the fourth quarter, down 10.9% from the prior quarter in large part due to the sale of the PC Clock business unit. Record PSoC quarterly revenue was offset by slowing demand for communications-based, general-purpose clocks in the fourth quarter. CCD accounted for 27.8% of Cypress's quarterly revenue. First-quarter revenue is expected to be slightly down due to seasonality.

CCD posted a gross margin of 43.8%(4) in the fourth quarter, down from 45.7%(4) in the third quarter. The division contributed $0.01(1) earnings per share to the company's adjusted-GAAP net income in the fourth quarter, compared with $0.03(1) in the third quarter. CCD's contribution to earnings per share is expected to remain relatively flat in the first quarter due to aggressive investments in PSoC.

Fourth-quarter highlights for the division include:

Cypress grew its PSoC customer base to 3,371 customers for the quarter, representing a gain of 68% year-on-year.

Cypress trained 1,500 engineers on PSoC in the fourth quarter, and more than 4,200 engineers over the course of the year, through a series of live, hands-on seminars, focusing mostly on the new PSoC Express™ software tool. PSoC Express is a revolutionary, visual embedded development tool that allows engineers to develop microcontroller-based designs without having to write even one line of computer code.

Cypress introduced five PSoC development kits to accelerate embedded designs that involve SD flash memory cards, I2C port expanders, capacitive-touch-sense interfaces and lighting controls based on the latest light-emitting diode technology. Each of the kits helps engineers to debug hardware and software in PSoC-enabled applications.

Cypress launched PRoC™ LP, a low-power, Programmable Radio-on-a-Chip™ that reduces the bill of materials and simplifies the coding and layout of human interface devices, including computer keyboards, mice and remote controls. The solution integrates Cypress's 2.4-GHz WirelessUSB™ transceiver with a PSoC chip, allowing almost any peripheral device to be easily connected wirelessly to a PC with just a few days of engineering time.

Cypress launched the industry's first I2C-programmable clock chip with four phase-locked loops (PLLs), targeting digital entertainment applications and other devices requiring multiple frequencies. The programmable interface enables end-product designers to make frequency changes with software commands even after the clock has been soldered onto the circuit board.

  Hitachi Ltd. selected a Cypress programmable clock chip for use in its Wooo™ 9000 series of high-definition digital televisions. The chip replaces multiple crystal oscillators and provides Hitachi with the flexibility to make changes throughout the design and production cycles.

  Cypress and Unigen introduced the industry's smallest precertified wireless modules, combining WirelessUSB with Unigen's LETO module family. The solutions eliminate the need for costly, time-consuming RF certification by the FCC, speeding the development of wireless links in home automation, medical, industrial and consumer-electronics systems.

Cypress and Winbond introduced a demonstration board for wireless Voice over IP (VoIP) headsets. The board combines the exceptional interference immunity of WirelessUSB LP with the clean signal delivery of Winbond Electronics' W681360 CODEC and improves customer time-to-market.

  Cypress announced that its MoBL-USB™ TX2 high-speed USB 2.0 transceiver and MoBL® ADM dual-port interconnects have been adopted in Marvell Technology Group's new PXA3xx application processor platform used in mobile handsets, PDAs and portable music players. The low-power devices provide reliable and efficient access to multimedia content.

  Cypress introduced a small-form-factor, high-speed USB 2.0 hub controller that enables bus-powered designs and reduces overall bill-of-materials costs in standalone hubs, monitors, docking stations, keyboards and other end products.

  Cypress and UPEK introduced two USB reference design kits that enable fingerprint security for USB Flash disk drives and external hard disk drives.

Data Communications Division (DCD)

DCD revenue was $27.9 million in the fourth quarter, down 22.9% from the prior quarter, below our expectations. The revenue decline was due primarily to a greater-than-expected slowdown in the basestation market. DCD accounted for 9.7% of fourth-quarter revenue. Divisional revenue is expected to remain flat to slightly down in the first quarter.

DCD posted a gross margin of 62.6%(4) in the fourth quarter, down from 67.7%(4) in the third quarter. The division contributed $0.02(1) earnings per share on an adjusted-GAAP basis to net income in the fourth quarter, compared with $0.06(1) in the third quarter. DCD's contribution to earnings per share is expected to remain stable in the first quarter.

Fourth-quarter highlights for the division include:

  Cypress introduced the West Bridge™ Antioch™ peripheral controller, the first in a family of devices that enables users to talk on the phone while downloading music from their PC. The device leverages Cypress's Simultaneous Link to Independent Multimedia™ (SLIM™) architecture to free the phone's processor from USB and storage-management tasks and to enable high-performance data transfers.

Memory and Imaging Division (MID)

MID revenue was $91.7 million in the fourth quarter, up 6.6% from the prior quarter, exceeding expectations. Demand increased across all MID business units during the quarter. Divisional revenue accounted for 32.0% of fourth-quarter revenue. First-quarter MID revenue is expected to be flat to slightly down compared to Q406.

MID posted a gross margin of 43.0%(4) in the fourth quarter, compared with 39.3%(4) in the third quarter as SRAM ASPs and margins remained strong. The division reported net earnings per share of $0.08(1) on an adjusted-GAAP basis in the fourth quarter, compared with net earnings per share of $0.04(1) in the third quarter. MID's contribution to earnings per share is expected to remain stable in the first quarter.

Fourth-quarter highlights for the division include:

Cypress achieved its first nonvolatile memory (NVSRAM) product revenue with the shipment of new 1-Mbit and 256-Kbit products. NVSRAMs are typically used in RAID controllers, industrial automation controllers, set-top boxes, copiers, multifunction printers, and point-of-sale terminals.

  Cypress's IM103 CMOS image sensor was named the industry's most innovative image sensor by the consulting firm Semiconductor Insights.

SunPower Corporation

Revenue from Cypress's SunPower subsidiary was $74.5 million in the fourth quarter, up 14.1% from the prior quarter and up 154% from the fourth quarter of 2005, driven primarily by higher worldwide unit sales of solar panels. SunPower accounted for 26.0% of Cypress's fourth-quarter revenue. Revenue is expected to increase markedly in the first quarter based primarily on the acquisition of PowerLight.

SunPower posted an adjusted-GAAP gross margin of 26.2%(4) in the fourth quarter of 2006, compared with 25.3%(4) in the third quarter of 2006. The company reported an adjusted-GAAP pretax profit of 19.2%(6) in the fourth quarter. SunPower contributed adjusted-GAAP diluted earnings per share of $0.05(1) in the fourth quarter, compared with earnings per share of $0.05(1) in the third quarter. SunPower's contribution to Cypress's earnings per share is expected to increase in the first quarter of 2007.

Fourth-quarter highlights include:

SunPower acquired PowerLight Corp., a leading provider of large-scale solar-power systems. The acquisition and related future stock compensation, valued at $329.1 million in cash and stock, closed on January 10, 2007. The PowerLight addition is expected to accelerate SunPower's revenue growth by $250 million to $300 million in 2007 and to expand its technology portfolio related to solar systems products. SunPower acquired some key, patented, proprietary products to add to its line of high-efficiency solar modules, including SunTile® residential roof tiles to create solar roofs on new houses, PowerGuard® interlocking solar tiles that are the industry standard for low-cost commercial applications (e.g., Cypress's solar roof), and PowerTracker® systems that tilt solar panels to follow the sun-often used in large solar plants like the 11-megawatt installation commissioned by General Electric in Serpa, Portugal.

SunPower announced the SPR-315, the first solar panel made from its 22-percent-efficient Gen2 solar cells and by far, the highest wattage panel available from any source. The panels offer a larger footprint and deliver more power per square meter, compared with standard solar panels. Customers will benefit from the faster, more-efficient installation of approximately half the number of panels for a given wattage system.

SunPower signed a $20 million silicon ingot supply agreement with REC SiTech AS, a leading supplier of monocrystalline ingots to the solar industry.

SunPower President and Chief Technology Officer Dick Swanson received a Wall Street Journal Technology Innovation Award for his career contributions to the commercialization of solar power.

Other Developments

  In January, Cypress's Board of Directors authorized a new stock buyback program of up to $300 million.

Cypress signed a global agreement with Premier Farnell, a U.K.-based distributor, under which Farnell will sell PSoC and other Cypress products to customers worldwide. Online and catalog sales through the distribution channel are a key part of Cypress's effort to expand its PSoC customer base.

Cypress launched a $160,000 global university competition to encourage engineering students to design with Cypress products. First-place winners and their professors in six global regions will compete for $10,000 cash prizes and the inaugural T.J. Rodgers Innovation Trophy.

  Cypress donated computer equipment and the use of a 1,960 square-foot computer lab at its San Jose headquarters to the nonprofit California Alliance of African American Educators, an organization that produces extraordinary college acceptance rates for African-American students enabling them to pursue careers in math, science and technology.

Cypress won its 15th consecutive Holiday Food Bowl Challenge trophy from the Second Harvest Food Bank of Santa Clara and San Mateo Counties by donating 961,680 pounds of food, or 1,330 pounds per Cypress employee-a per-capita donation that topped all other companies in Silicon Valley.

Conclusion

Rodgers concluded: "Cypress succeeded in its focus on improving investor returns in 2006. Our goal is to continue to do so in 2007. Our stock price appreciated by 18.4% in 2006, outpacing the Philadelphia Semiconductor Index (SOXX) by 21 percentage points. Cypress's stock appreciated by 21.5% in 2005.

"In Q4, Cypress made public our new mission: 'To transform ourselves from a traditional, broad-line semiconductor company to the leading supplier of programmable system solutions.' This mission is the focus of a restructuring effort begun two years ago - one that has included the sale or divestiture of businesses that do not align with our long-term plan, our successful shift into flexible manufacturing ("No More Moore") and the addition to our management team of senior executives with broad experience defining and bringing to market new generations of high-performance programmable products.

"As a result, we exited 2006 with our most focused product portfolio ever, which helped to drive design wins to an all-time record. We expect to grow faster than the overall semiconductor market and to achieve record revenue in 2007."

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the first quarter of 2007, revenue for 2007, and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "believes," "expects," "future," "plan," "intends" and similar expressions to identify forward-looking statements that include, but are not limited to, statements related to demand for our PSoC devices, CapSense devices and other products, the functionality and features of our new products, the strength of our product portolio, the stability of our ASPs, the softness in communications-related markets, our prices, growth, shipments, profit and revenue. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, our ability to develop and roll-out new products, our ability to execute on our flexible manufacturing plan, whether our products perform as expected, whether our investment in PSoC is fully realized, customer acceptance of Cypress and it's subsidiaries' products, factory utilization, seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries, including SunPower's ability to integrate PowerLight, meet demand and obtain a sufficient amount of polysilicon, SunPower's production levels and module sales, and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures, which are adjusted from the most directly comparable GAAP results to exclude charges for stock-based compensation, acquisition-related charges and other special charges and credits. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally to make strategic decisions, forecast future results and evaluate the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, the Cypress logo, PSoC, and MoBL are registered trademarks of Cypress Semiconductor Corporation. PSoC Express, Programmable System-on-Chip, PRoC, Programmable Radio-on-a-Chip, MoBL-USB, EZ-USB FX2LP, WirelessUSB, enCoRe, HOTLink, SLIM, Simultaneous Link to Independent Multimedia, West Bridge and Antioch are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. PowerLight, PowerGuard, SunTile and PowerTracker are registered trademarks of PowerLight, a subsidiary of SunPower Corp. Wooo is a trademark of Hitachi Ltd. All other trademarks or registered trademarks are the property of their respective owners.

SAN JOSE, Calif., July 21, 2005 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2005 second quarter was $220.5 million, up 10.1% from prior quarter revenue of $200.3 million and down 16.6% from year-ago second-quarter revenue of $264.3 million.

On an adjusted-GAAP basis-excluding the amortization of intangibles and other acquisition-related, restructuring and special charges and credits-the 2005 second quarter resulted in a net loss of $1.8 million, or a diluted loss per share of $0.01. This compares with the prior quarter's diluted loss per share of $0.19. Diluted earnings per share in the year-ago second quarter were $0.23.

Cypress posted a GAAP net loss of $15.3 million in the 2005 second quarter, or a diluted loss per share of $0.12. This compares with last quarter's diluted loss per share of $0.53. Diluted earnings per share in the year-ago second quarter were $0.13 per share.

Gross margin for the second quarter was 41.3%, up 4.5% from the previous quarter. Net inventory was $83.1 million, down 14.5%, or $14.1 million, from the previous quarter.

Cypress President and CEO T.J. Rodgers said, "The 2005 second quarter was a rebound quarter for us. Bookings were strong at $244.3 million-resulting in a book-to-bill ratio of 1.11. Our revenue increased, ending the slump that began in the third quarter of 2004."

Rodgers continued, "Fab utilization during the second quarter improved to 77%, compared with 62% the quarter before. Nonetheless, manufacturing limitations on our Programmable System-on-Chip™ (PSoC™) products, USB devices and clocks prevented us from achieving our full revenue potential in the second quarter. Our goal is to ramp to full production in the third quarter. Improved manufacturing utilization-combined with the prospect of a seasonally strong quarter in consumer products-points to a sequential improvement in revenues and a return to profitability on an adjusted-GAAP basis in the third quarter." 

Click HERE to view Q2-2005 Business Unit Summary Financials.

Consumer and Computation Division (CCD)

CCD revenue was $65.4 million in the second quarter, down 1.0% from the prior quarter." Revenue from the division accounted for 29.6% of second-quarter revenue. The underlying demand for consumer and computation products remained strong, temporarily outstripping production capabilities. Revenue from the PSoC family of mixed-signal arrays increased dramatically during the quarter with improved penetration across a variety of server and peripheral platforms at leading computation OEMs.

CCD expects to grow in the third quarter, benefiting from the normal seasonal upswing in consumer and computation products and the proliferation of general-purpose clocks and PSoC mixed-signal arrays in consumer applications. Cypress also expects to expand its market position in PC clocks, driven by OEM and ODM designs for next-generation Intel laptops.

CCD posted a gross margin of 50.9% in the second quarter, up from 46.5% in the first quarter, as factory utilization and product mix improved. The division contributed $0.03 per share to our adjusted-GAAP net income in the second quarter, compared with $0.013 the quarter before. CCD's contributions to earnings per share are expected to improve in the third quarter.

Second-quarter highlights for the division include:

+ Cypress introduced CapSense™ touch-sensitive technology to replace mechanical buttons and sliders in a wide variety of applications, including cellular phones, white goods, PDAs and notebook PC touchpads. This unique solution is based on the PSoC mixed-signal array, which enables designers to integrate multiple functions and replace dozens of standard circuits with a single device, reducing board sizes and cutting system costs. In a CapSense interface, a PSoC circuit senses a human finger touching the surface of a product and generates instructions related to volume control, channel selection and other criteria. CapSense solutions are fast-becoming the solution of choice for media-control applications because of their clean design and the superior durability inherent in an interface with no moving parts or chassis penetration.

+ Cypress combined its WirelessUSB™ radio system-on-a-chip solution with the PSoC mixed-signal array to create the industry's first 2.4 GHz Programmable Radio-on-a-Chip™ device. A single PRoC™ device takes the place of multiple components, enabling designers to create highly integrated wireless products at lower costs. Target PRoC applications include consumer electronics, home and industrial automation, human interface devices (HIDs) and security and medical systems-anywhere a smart peripheral device run by a PSoC controller needs to be connected to a basestation without cumbersome wires.

+ Cypress combined its PSoC array with a USB 2.0 Serial Interface Engine (SIE) to create a single device that simplifies the design of low-power, low-cost, USB-compatible mice, keyboards, uninterruptible power supplies and other PC peripherals. The CY8C24794 shortens design cycles and reduces component and bill-of-material costs by allowing the highly flexible PSoC controller to connect any application to the USB port of a computer.

+ Cypress launched and shipped its smallest, least expensive PSoC mixed-signal array. With two configurable analog blocks and four configurable digital blocks, the CY8C21x23 is ideal for a variety of consumer and industrial-control applications, including fan motor controllers, battery chargers and sensors. Cypress shipped nearly five million PSoC devices during the quarter.

+ Design wins at customers for Cypress's WirelessUSB 2.4 GHz radio system-on-a-chip solution accelerated during the quarter with significant wins at global OEMs. Cypress announced that WirelessUSB is being shipped in keyboards and mice manufactured by Lenovo, the world's third-largest PC company, which recently purchased the Personal Computing Division of IBM. WirelessUSB had been shipping in volume to IBM since December 2004.

+ Saitek, a leading manufacturer of PC game controllers, designed WirelessUSB into its ergonomic Cyborg evo line of wireless PC joysticks. WirelessUSB provides a robust 2.4 GHz connection with low latency that is ideal for both PC-gaming and video-gaming environments.

+ Gyration, a Thomson company, selected WirelessUSB for its next-generation wireless mouse and keyboard. Based on Gyration's MG1101 "MicroGyro" sensing gyroscope, the wireless mouse combines the precise cursor control of a wired device with the ability to move freely around the home or office.

+ The WirelessUSB solution has been designed into the world's first motorcycle Heads Up Display (HUD). The SportVue MC1 from Motion Research is an easy-to-install device, mounted onto motorcycle helmets, that wirelessly displays real-time speed and RPM information on the inside of a helmet's visor. This display technology was previously accessible only to military pilots.

+ Cypress USB peripheral/host controllers FX2LP™ and EZ-OTG™ have been designed into Texas Instruments' DSP-based reference design kit for portable digital music players. Portable players incorporating this reference design can play up to 15 hours of music in MP3, WMA and WAV formats, as well as display JPEG and MPEG-4 images.

Data Communications Division (DCD)

DCD revenue was $44.1 million in the second quarter, up 6.5% from the prior quarter, compared with our expectation of a down revenue quarter for the division. Revenue from the division accounted for 20.0% of second-quarter revenue. Sales of specialty memories were robust during the quarter. DCD expects overall revenue to decline slightly in the third quarter due to the recent completion of a last-time buy on programmable logic products.

DCD posted a gross margin of 63.3% in the second quarter, up from 61.4% in the first quarter, based on a mix shift into specialty memory and communications products. The division contributed $0.033 per share to our adjusted-GAAP net income in the second quarter, compared with a break-even3 first quarter. DCD's contributions to earnings per share are expected to decline in the third quarter.

Second-quarter highlights for the division include:

+ Cypress introduced a family of five, high-performance More Battery Life™ (MoBL®) Dual-Port RAMs targeted at fast-growing, next-generation mobile phone and PDA applications. The new devices facilitate high-speed communication among the multiple processors used by 3G cell phones to handle video, games, e-mail and music-while providing the traditional low-power advantages of Cypress's MoBL SRAM products, significantly extending phone talk and standby times. MoBL Dual Ports provide the industry's lowest operating and standby current-about 25% lower than competing dual-ports. The new products combine with Cypress's low-power, one-transistor pseudo-SRAMs, CMOS image sensors for cell-phone cameras, USB controllers for data storage interfaces and PSoC-based CapSense touch-sensitive interface technology to form a broad system-level solution for the mobile phone and PDA markets.

+ Cypress and MontaVista Software partnered to provide a complete routing table-management solution in Linux for network software designers, supporting Cypress's portfolio of Network Search Engines, including the Ayama™ 10000 and 20000 families and the Sahasra™ 50000 family. The software includes development tools and production-ready table management code.

Memory and Imaging Division (MID)

MID revenue was $85.2 million in the second quarter, up 15.1% from the prior quarter, consistent with our expectation. Revenue from the division accounted for 38.6% of second-quarter revenue. Strong demand for synchronous SRAM products fueled revenue growth during the quarter; sales of CMOS image sensors improved slightly. The demand for synchronous memory products is expected to remain strong in the third quarter, though the broader SRAM forecast remains guarded based on projected seasonal softness and the anticipated decline of pseudo-SRAM (PSRAM) revenue due to a product transition.

MID posted a gross margin of 26.5% in the second quarter, compared with 17.8% in the first quarter, based on improved factory utilization and a shift to 90-nm production. The division accounted for an adjusted-GAAP net loss of $0.06 per share3 in the second quarter, compared with a net loss per share of $0.133 the quarter before. MID's contributions to earnings per share are expected to be flat in the third quarter.

Second-quarter highlights for the division include:

+ Cypress debuted a 3-megapixel CMOS image sensor in a 2-megapixel form factor, bringing digital still camera image quality to next-generation camera phones. The device leverages Cypress's proprietary pixel architecture to dramatically improve low-light sensitivity without sacrificing image quality. Cypress's Autobrite™ technology increases dynamic range, enabling the sensor to capture detail clearly across a broader range of lighting conditions. With the availability of products for cell phones, digital still cameras, automotive driver and safety systems, machine vision and a wide range of high-end consumer, medical and aerospace applications, Cypress's portfolio of CMOS image sensors is among the broadest in the industry.

+ Cypress sampled the LUPA-300 CMOS image sensor, a low-cost, high-speed VGA-resolution sensor for machine vision and motion analysis applications. The device features a fully synchronous snapshot shutter, making it possible to read one image while the next is being acquired and to capture moving objects without distortion. It also features multiple windowing functionality, which enables users to read out only regions of interest in an image, and a multiple-slope function to capture scenes with particularly high contrast.
+ Cypress began volume production of 36-Mbit and 72-Mbit QDR™ -II (Quad Data Rate™) SRAM products based on its proprietary, 90-nm RAM9™ process technology. The 72-Mbit QDR-II device operates at clock speeds up to 250 MHz and provides up to 36 Gbps of bandwidth-shattering performance milestones for the QDR architecture. It contains 500 million transistors and is the industry's highest-density device of its kind in full production.

+ Zhongxing Technology (ZTE) recognized Cypress as its No. 1 memory supplier. ZTE is one of the largest WAN equipment makers in China with annual revenue of $4 billion.
 

SunPower Corporation

Revenue from SunPower Corp., Cypress's silicon solar power subsidiary, was $16.5 million in the second quarter, up 50.0% from the prior quarter, slightly exceeding our growth expectation. SunPower revenue amounted to 7.5% of Cypress's second-quarter revenue. Revenue from the subsidiary improved based on the strong demand for its products and continued progress ramping its 25-megawatt manufacturing facility in the Philippines. SunPower accounted for an adjusted-GAAP net loss of $0.033 per share in the second quarter, compared with a net loss per share of $0.043 the quarter before.

Second-quarter highlights include:
          
+ SunPower continued construction on facilities and infrastructure to support its second and third 25-MW solar cell lines in the Philippines. The company plans to install equipment beginning in the third quarter and begin volume production on the second line in the fourth quarter and the third line next year. The two new lines will bring the plant's capacity to approximately 24 million solar cells per year, equivalent to 75 peak megawatts of solar power production-output that could potentially be equivalent to about $250 million per year in revenues in today's market.

+ SunPower announced a $300 million, five-year solar cell supply agreement with SOLON AG, Germany's largest photovoltaic module manufacturer, which will support the addition of SunPower's third mass-production solar cell manufacturing line. The A-300 solar cells will be used in SOLON's new "SOLON-Mover," a modular 10-kilowatt electricity generation system designed for deployment in multi-megawatt PV power plants. SOLON Movers automatically tilt and rotate the PV array during the day to directly face the sun at all times, increasing annual energy generation by about 50 percent relative to a fixed installation.

+ SunPower installed its first commercial solar systems in the U.S., opening a major new market to the company with a 37-kW installation at the Town Hall building in Los Altos Hills, Calif. The installation is based on SunPower's A-300 silicon solar cells, which have been rated an industry-leading 21.5 percent efficient by the National Renewable Energy Laboratory in Colorado.

+ SunPower launched its own inverter line in the U.S. New 2,000-, 2,900- and 3,200-watt inverters change Direct Current (DC) from solar cells into Alternating Current (AC), maximizing energy production in solar electric systems. The inverters have received the highest efficiency rating in their class from the California Energy Commission.

+ SunPower expanded its management team, adding Manny Hernandez as chief financial officer and PM Pai as chief operating officer. Hernandez had been Cypress's CFO and vice president of finance and administration. Pai has 30 years of mass production manufacturing experience, including manufacturing scale-ups for IBM, Tata and Xerox.

Cypress Subsidiaries

Revenue from subsidiaries other than SunPower was $9.3 million in the second quarter, up 17.7% from the prior quarter, in line with our expectation. Subsidiary revenue accounted for 4% of second-quarter revenue. Silicon Light Machines (SLM), Silicon Valley Technology Center (SVTC) and foundry revenue increased in the quarter. SVTC, an R&D process services business, continued to expand its customer base. We expect modest subsidiary revenue growth in the third quarter.

The gross margin for our subsidiaries was 74.7% in the second quarter, up from 73.3% in the first quarter. Subsidiary businesses broke even3 on an adjusted-GAAP basis in the second quarter, compared with a net loss per share of $0.033 in the first quarter. Subsidiary contributions to earnings per share are expected to be flat in the third quarter.

Second-quarter highlights for our subsidiary businesses include:

+ SVTC announced American Semiconductor Inc. as one of its new customers. ASI, a fabless semiconductor company, will use SVTC's 65-nm-capable, 200- and 300-mm R&D wafer fabrication facility and services to develop and qualify its Flexfet™ advanced Silicon-on-Insulator (SOI) CMOS fabrication process. SVTC enables third parties to take ideas from proof-of-concept to manufacturing without a significant capital investment, relying on a state-of-the-art toolset in a 16,000 square-foot clean room in the heart of Silicon Valley. SVTC offers its customers access to best practices in process engineering, statistical process control, quality management, failure analysis and design for manufacturing.

Other Developments

+ Cypress appointed semiconductor industry veteran Evert P. van de Ven and network industry expert Lloyd Carney to its board of directors. Van de Ven has more than 30 years of semiconductor industry experience, including engineering and advisory positions at Philips Semiconductors, Matsushita Electronics Corp. and Applied Materials. He retired from Novellus Systems in 1995 as executive vice president and chief technology officer. Van de Ven is also a member of Cypress's Technology Advisory Board and Manufacturing Advisory Board. Carney is the chairman and CEO of Micromuse, a provider of end-to-end information technology and telecommunications infrastructure management tools. Carney replaces former Cypress Director Fred Bialek, who recently retired.

+ Cypress named Executive Vice President of Technology and Worldwide Manufacturing Chris Seams to head sales and marketing, expanding the position to accommodate Seams' assembly and test responsibilities. The goal is to improve Cypress's responsiveness to its customers by consolidating order entry, production control, back-end manufacturing, product planning and customer support under a single executive.

+ In related announcements, Shahin Sharifzadeh, Cypress's vice president of research and development, was named vice president of manufacturing and R&D, assuming two of Seams' responsibilities-wafer fabrication and process R&D. Sharifzadeh will report to Cypress CEO T.J. Rodgers. Jeff Kaszubinski, an 18-year Cypress veteran, was named the vice president of R&D, reporting to Sharifzadeh.

+ Cypress promoted Ahmad Chatila to vice president of the Memory and Imaging Division, replacing Tony Alvarez.

+ Business Ethics magazine recognized Cypress as one of the "100 Best Corporate Citizens" in the U.S. for 2005.

Conclusion

Rodgers concluded, "We expect to become profitable on an adjusted-GAAP basis in the third quarter. The market is heating up, and we are ramping our wafer fabrication capacity to catch up to it. The biggest growth drivers for us are our PSoC mixed-signal arrays and SunPower. We reached our break-even fab loading of 77% last quarter and anticipate significant revenue fall-through to profit from future growth."

About Cypress

Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

Statements herein that are not historical facts and that refer to Cypress and its subsidiaries' plans and expectations for the third quarter of 2005 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995.  Such statements are based on our current expectations as of the date of the release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the business and economic conditions and growth trends in the semiconductor and solar cell industries, the rate of customer acceptance of Cypress's products, our ability to increase factory utilization, and other risks described in our filings with the Securities and Exchange Commission." We assume no responsibility to update any such forward-looking statements. We use words such as "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify forward-looking statements that include statements related to: prices, growth, supply, shipments, new products, profit and revenue.

To supplement the consolidated financial results prepared under GAAP, Cypress uses adjusted-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude items related to acquisitions including amortization of intangibles, in-process research and development and stock-based compensation, employee loan reserves, off-balance sheet lease guarantee impairment, restructuring, impairment on investments, gains or losses on investments and other non-recurring costs. Management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company as they result from corporate transactions outside the ordinary course of business. Management uses these adjusted-GAAP measures internally for making strategic decisions, forecasting future results and evaluating the Company's current performance. Most analysts covering Cypress use the adjusted-GAAP measures as well. Given management's use of these adjusted-GAAP measures, Cypress believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these adjusted-GAAP measures are useful to investors in enabling them to better assess changes in Cypress' core business across different time periods. These adjusted-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from adjusted-GAAP measures used by other companies.

Cypress, MoBL, and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation.

RAM9, WirelessUSB, Ayama, CapSense, Sahasra, Cynapse, EZ-OTG, EZ-USB FX2LP, and More Battery Life are trademarks of Cypress Semiconductor Corporation.

Autobrite is a trademark of SMaL Camera Technologies, now part of Cypress.

Programmable System-on-Chip and PSoC are trademarks of Cypress MicroSystems, Inc.

SunPower is a registered trademark of SunPower Corporation.

Intel and Pentium are registered trademarks of Intel Corporation.

QDR is a trademark of the QDR Consortium.

All other trademarks or registered trademarks are the property of their respective owners.

Financials

Click HERE to view Q1-2008 Business Unit Summary Financials

Click HERE to view Q1-2008 Quarterly Financial Data

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• Cypress achieved consolidated quarterly revenue of $442.1 million, exceeded guidance and grew 29% year-on-year.
• SunPower achieved record quarterly revenue of $274 million, up 92% year-on-year.
• Our West Bridge™ product family exceeded revenue expectations, growing 44% sequentially.
• Our PSoC® customer base grew to a record 6,991 customers, up from 6,301 in Q407.
• Cypress repurchased 12.6 million shares at an average price of $21.95.

SAN JOSE, Calif., April 17, 2008 - Cypress Semiconductor Corp. (NYSE: CY) today announced that revenue for the 2008 first quarter was $442.1 million, up 2.5% from $431.2 million for the prior quarter, and up 28.9% from $342.9 million for the year-ago period.

Q108 revenue includes a charge of $20.8 million from the planned conversion of Asian distributors to a deferred revenue recognition model. The revenue deferral and associated margin impact is equivalent to a net loss of $10.8 million or approximately $0.07 per share on both a GAAP and non-GAAP1 basis.

Cypress recorded a GAAP net loss of $18.4 million in the 2008 first quarter, or a diluted loss per share of $0.12. That compares with last quarter's diluted earnings per share of $0.01. GAAP diluted net loss per share in the year-ago first quarter was $0.01. GAAP diluted loss per share on a sequential basis was impacted by semiconductor seasonality and higher expenses related to restructuring and asset impairments as well as the distributor revenue deferral described above.

Non-GAAP1 net income for the 2008 first quarter-earnings that exclude stock-based compensation, acquisition-related charges and other special charges and credits-totaled $19.9 million, or diluted earnings per share of $0.12. That compares with non-GAAP1 diluted earnings per share of $0.24 for the prior quarter and $0.16 for the year-ago first quarter.

Cypress's President and CEO T.J. Rodgers said, "Cypress increased revenue and exceeded guidance in a challenging economic environment. On the semiconductor side of our business, despite enduring what we see as the bottom quarter of the current slowdown, we continue to see strong design win penetration for our expanding portfolio of proprietary products, including our PSoC devices and West Bridge family of peripheral controllers. ASPs remained strong across all divisions. Our semiconductor2 book-to-bill ratio ended the first quarter at 1.07, compared with 0.88 in the 2007 fourth quarter. In addition, SunPower had a great quarter with record quarterly revenue."

Rodgers continued, "We remain cautious about the economy, but believe that we will achieve strong sequential revenue growth, driven both by SunPower and our semiconductor business. We expect record consolidated quarterly revenue both in Q2 and for all of fiscal 2008-and we plan to increase profit at a far greater rate than sales."

BUSINESS REVIEW

  On a GAAP basis, first-quarter consolidated gross margin was 31.0%. Semiconductor2 gross margin for the first quarter was 47.7%, up 0.3 percentage points from the previous quarter.

  Non-GAAP1 consolidated gross margin for the first quarter was 34.2%, down 2.4 percentage points from the previous quarter, due mainly to a higher mix of revenue from SunPower.

Non-GAAP1 semiconductor2 gross margin for the first quarter was 50.7%, up 1.9 percentage points from 48.8% in the previous quarter. Semiconductor2 gross margin improved in Q1 due to revenue mix, higher factory absorption and inventory-related adjustments.

Additional first-quarter data and comparisons relevant to Cypress's business units are presented in the attached Business Unit Summary tables.

FIRST-QUARTER 2008 HIGHLIGHTS

Cypress grew its PSoC customer base to 6,991 for the quarter, up 66.5% year-on-year. Cypress's global PSoC customers include such well-known companies as HP, JVC and Pioneer.

  The number of customer engineers that have undergone PSoC training increased from 7,848 in Q107 to 10,118 in Q108. Internet seminars, on-demand training and workshops create awareness and knowledge about Cypress products and solutions and help to accelerate the sales process.

  Cypress introduced its CapSense Express™ solution, enabling designers to implement up to 10 capacitive touch-sensing buttons and/or sliders in as little as five minutes with no coding. Highly integrated PSoC-based CapSense™ devices reduce component count and cost in customer systems and accelerate time-to-market. Cypress has replaced more than 2.5 billion buttons and sliders with CapSense technology.

  A new college textbook focused on PSoC mixed-signal array design, "Introduction to Mixed-Signal, Embedded Design," is now available."

  Professional gaming mouse maker, SteelSeries, selected Cypress's OvationONS™ laser navigation sensor to power its new Ikari laser gaming mouse. The mouse recently received perfect scores from two industry-leading hardware review websites.

  Taiwan-based Behavior Tech Computer Corporation selected Cypress's OvationONS sensor, WirelessUSB™ LP 2.4-GHz radio system-on-chip and enCoRe® III microcontroller for a new wireless keyboard. The design highlights Cypress's unique position as a provider of complete solutions for wireless human interface devices.

  Cypress's Board of Directors authorized a $300 million addition to the company's stock repurchase program, increasing the size of the program to $600 million. To date under this program, the company spent $277 million to purchase 12.6 million shares of stock at an average price of $21.95.

  SunPower signed two long-term polysilicon supply agreements with NorSun that will support 2,500 megawatts of solar cell production. The company also signed a 3,000-megawatt silicon supply agreement with China's Jupiter, Qingdao DTK Industries Co.

  SunPower announced plans to build an 8-megawatt solar-electric power plant in Spain for The Naturener Group, a Spanish-based energy firm. The plant will use SunPower's high-efficiency solar tracking systems, which automatically rotate to follow the sun, maximizing system output. In 2007, SunPower contracted with The Naturener Group to build three power plants totaling 21 megawatts.

  GE Energy Financial Services will finance five of SunPower's recently announced California solar power projects, including installations at Toyota Motor Sales, HP, Agilent and two county and regional agencies. Separately, MMA Renewable Ventures announced that it will finance SunPower solar-electric systems at 14 Macy's stores. Third-party financing has become a popular option for companies that want to install solar without having to pay up-front installation costs.

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FOOTNOTES

1. Refer to "Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures" and "Notes to Non-GAAP Financial Measures" following this press release for a detailed discussion of management's use of non-GAAP financial measures, as well as reconciliations of all non-GAAP financial measures presented in this press release to the most directly comparable GAAP financial measures.
2. "Semiconductor" includes all of Cypress's business segments except for SunPower.
3. CCD - Consumer and Computation Division; DCD-Data Communications Division; MID-Memory and Imaging Division.
4. Q108 semiconductor revenue was reduced by $20.8 million due to the conversion of Asian distributors to a deferred revenue recognition model.
5. Q108 semiconductor net income (loss) was reduced (increased) by $10.8 million due to the conversion of Asian distributors to a deferred revenue recognition model.
6. Q108 semiconductor diluted net income (loss) per share was reduced (increased) by approximately $0.07 per share due to the conversion of Asian distributors to a deferred revenue recognition model.

ABOUT CYPRESS

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks, and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets, including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

FORWARD-LOOKING STATEMENTS

Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for the second quarter of 2008 and the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995." We use words such as "believe," "expect," "future," "plan" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the semiconductor market, the state and future of the economy, our design win penetration, expected revenue growth, bookings and profitability, and the success of SunPower's financing arrangements, supply agreements and solar-electric power plant projects. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to the economic conditions and growth trends in the semiconductor and solar power industries, the state of the global economy, the actions of our competitors, whether the demand for programmable portfolio of products, including especially, our PSoC and West Bridge products is fully realized, our ability to convert our PSoC marketing and education initiatives into product sales, customer acceptance of Cypress and its subsidiaries' products as evidenced by design wins, factory utilization, the seasonality in the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the success of SunPower's financing and supply arrangements, SunPower's ability to execute on its plan for a solar-electric power plant and other risks described in our filings, as well as SunPower's filings, with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements.

Cypress, the Cypress logo, PSoC and enCoRe are registered trademarks of Cypress Semiconductor Corporation. West Bridge, CapSense Express, CapSense, OvationONS, Programmable System-on-Chip, and WirelessUSB are trademarks of Cypress Semiconductor Corporation. SunPower is a registered trademark of SunPower Corporation. All other trademarks or registered trademarks are the property of their respective owners.

SAN JOSE, Calif., October 26, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced the availability of over 30 intellectual property (IP) elements for its new PSoC® 3 programmable system-on-chip architectures. The embedded design resources include example projects, application notes and solution overviews, all of which enable engineers to quickly implement designs using the unique new PSoC Creator™ integrated development environment (IDE). The solution IP Elements are available for free at www.cypress.com/go/psoc3.

The new solution IP Elements help engineers to quickly design with features of the PSoC 3 architecture such as the direct memory access (DMA), analog peripherals, and communication interfaces. These new elements also provide design examples for using PSoC 3 power management, LCD segment display, CapSense® buttons and sliders and much more. The new PSoC 3 architecture extends the world’s only programmable analog and digital design platform, and the IP Elements assist embedded designers to quickly take advantage of the integration and flexibility of the new platform. 

“The new PSoC 3 and PSoC 5 architectures truly enable a new design paradigm where engineers can intuitively layout a design and let the PSoC Creator tool translate it to silicon,” said Matt Branda, product marketing director for PSoC products at Cypress. “The new solution IP Elements on Cypress.com will equip developers with concrete design examples that can be easily emulated to maximize the capabilities of this powerful design platform in their projects.”

About Cypress’s Solutions Library
The Cypress Solutions Library website is a free resource of user-generated IP that can be easily replicated for quick, effective design with Cypress’s flexible, programmable PSoC architecture, as well as for designs using Cypress’s USB and proprietary wireless technologies. The website’s IP Elements provide complete solutions for specific functions, including capacitive sensing, I2C and motor control. Applications within the library include consumer electronics, automotive, white goods and others. IP Elements come in various types: technical documents, software and/or firmware, user module components, and complete designs that include documentation, software/firmware, schematics and layout files. The IP Elements help designers speed projects through to completion. The library can be accessed from the “Solutions” tab on the Cypress website or directly at www.cypress.com/go/solutions.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and PSoC Creator, PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE Calif., October 20, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced Electronics Weekly magazine of the United Kingdom has selected Cypress’s PowerPSoC® family of integrated embedded power controllers as a 2009 Elektra Award finalist for “Power Systems Product of the Year.” The solution is the industry’s first single-chip solution for both controlling and driving high-power LEDs. The PowerPSoC family integrates four constant-current regulators and four 32V MOSFETs with Cypress’s PSoC® programmable system-on-chip, which includes programmable analog and digital blocks, a microcontroller, and memory.

This unprecedented level of integration provides customers with a single-chip solution for high-quality LED-based lighting products, and extends into other embedded applications such as white goods and industrial control. The result is end systems with fewer components, faster design cycles, lower power consumption and higher reliability. More information on the PowerPSoC family is available at www.cypress.com/go/pr/PowerPSoC.

An independent panel of judges selected the finalists for the Elektra Awards, which will be presented in a ceremony in London on December 1. Now in its seventh year, the categories of the Elektra Awards have been enhanced to reflect the strength of innovation in semiconductor design and the growing importance of applications such as LED lighting and renewable energy technologies. To read more about the Elektra Awards, visit: www.elektraawards.co.uk. 

“We are honored to have the PowerPSoC family named as a finalist for the Elektra Awards’ Power Systems Product of the Year,” said Curtis Davis, vice president of Cypress’s PowerPSoC Division. “Our design team faced formidable challenges to achieve the level of integration PowerPSoC delivers, and we are pleased to have customers and the electronics engineering community at large taking notice of this innovative product.”

About PowerPSoC
The PowerPSoC family integrates up to four independently operated 32V / 1A MOSFETs that offer the ability to drive high power LEDs up to 1A. The devices include up to four programmable hysteretic controllers to provide controlled current output and up to four low-side gate drivers with programmable drive strength to support voltages above 32V with external MOSFETs. Up to 2MHz switching frequency allows use of smaller, less expensive inductors.
The family offers floating load buck, floating load buck-boost, and boost converter topologies that enable flexibility for the different voltage requirements of various applications. An auxiliary power regulator allows a PowerPSoC chip to operate up to 32V from a single power supply. The devices also offer 16-bit dimming for lighting applications that require high-resolution dimming.

The companion software for PowerPSoC, the PSoC Designer™ development tool, enables designers to quickly and efficiently program the controllers for different lighting and power options. It also allows changes late in the design cycle without having to change the circuit board layout. More information about PSoC products and design tools is available at www.cypress.com/psoc. For more information on the PowerPSoC family, visit www.cypress.com/go/powerpsoc.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PowerPSoC, PSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

CLICK HERE TO DOWNLOAD PRESS RELEASE FINANCIAL TABLES

BUSINESS REVIEW

Non-GAAP¹ consolidated gross margin for the third quarter was 51.9%, up 7.7 percentage points from the previous quarter, and the highest reported since 2004. The increase was due mainly to higher factory absorption, increased wafer starts from our foundry partners and a favorable product mix. Excluding Emerging Technologies³, our Core Semiconductor⁴ non-GAAP gross margin was 53.7%, up 7.8 percentage points sequentially.

On a GAAP basis, third-quarter consolidated gross margin was 47.3%, up 10.6 percentage points from the previous quarter. Our Core Semiconductor⁴ gross margin on a GAAP basis was 49.1%.

 
THIRD-QUARTER 2009 HIGHLIGHTS 

SAN JOSE, Calif., October 14, 2009 – Cypress Semiconductor Corp. (NYSE: CY), an industry leader in SRAMs, today announced the industry’s first monolithic SRAMs at 144-Mbit densities, the latest members of its 65-nm SRAM family. The new 144-Mbit QDRII, QDRII , DDRII and DDRII memories leverage 65-nm process technology developed with foundry partner UMC. They feature the market’s fastest available clock speed of 550 MHz and a total data rate of 80 Gbps in a 36-bit I/O width QDRII device, and consume half the power of 90-nm SRAMs. They are ideal for networking applications, including Internet core and edge routers, fixed and modular Ethernet switches, 3G base stations and secure routers, and also enhance the performance of medical imaging and military signal processing systems. The devices are pin compatible with 90-nm SRAMs, enabling networking customers to increase performance and double address table or packet buffer size while maintaining the same board layout.

Compared with 90-nm SRAMs, Cypress’s 65-nm QDR and DDR SRAMs offer up to 50% lower standby and dynamic current consumption, enabling the new wave of “green” networking infrastructure applications. The QDRII and DDRII devices have On-Die Termination (ODT), which improves signal integrity, reduces system cost, and saves board space by eliminating external termination resistors. The 65-nm devices use a Phase Locked Loop (PLL) instead of a Delay Locked Loop (DLL), which enables a 35 percent wider data valid window to simplify board-level timing closure and enhance compatibility with third-party processors.

“As the worldwide leader in SRAMs, we offer by far the industry’s broadest portfolio” said Dave Kranzler, Vice President of Sync and Timing Products at Cypress. “This introduction widens our lead by providing the fastest, largest devices in the industry. It’s another clear indication of our commitment to the SRAM market.”

Availability and Photo
The CY7C16xxKV18 65-nm QDRII, QDRII , DDRII and DDRII SRAMs are all currently sampling, with production expected in Q1 2010. Each device is available in multiple configurations based on I/O width (x18 or x36), burst length (B4 or B2) and latency (1.5, 2.0 or 2.5). The 65-nm 144-Mbit SRAMs are available in industry-standard 165 FBGA packages and are pin-compatible with existing 90-nm QDR and DDR devices for easy migration. A high-resolution photo of the QDRII SRAM is available at www.cypress.com/go/pr/144MbitSRAMphoto. 

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corp. QDR and Quad Data Rate SRAMs comprise a family of products developed by Cypress, IDT, NEC Electronics, Renesas and Samsung. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., October 13, 2009 – Cypress Semiconductor Corp. (NYSE: CY) has recently published several videos about the new PSoC® 3 and PSoC 5 programmable system-on-chip architectures. The videos, all of which are available at www.cypress.com, deliver a wide range of information about the new offerings, including details on the new PSoC 3 FirstTouch™ Starter Kit and on the new PSoC Creator™ integrated development environment (IDE).

• Announcing PSoC 3 and PSoC 5
This short, introductory video gives a high-level overview of the PSoC platform, including interviews with Cypress CEO T.J. Rodgers, ARM® Director of Enterprise and Embedded Solutions, Ian Ferguson and other experts. This video can be viewed at www.cypress.com/go/psoc3and5video.

• Exploring the New PSoC Platform
This video shows the features, functions and capabilities of the new PSoC architectures, the PSoC 3 FirstTouch Starter Kit (CY8CKIT-003), and the PSoC Creator IDE. Viewers can get an idea of the scope of projects available to them, and can see how to use the tools to get started on designs. This video can be accessed at www.cypress.com/go/psocplatformvideo.

• PSoC Creator Software and Component Reuse
This video shows how to create custom components in the PSoC Creator IDE. It enables designers to create unique components, and then save them for future use and/or to share with other engineers. Viewers are walked through an example of this capability. It can be viewed at www.cypress.com/go/creatorvideo.

• New PSoC Development Kit
This video explores the PSoC Development Kit (CY8CKIT-001) that can be used to develop and evaluate PSoC 1, PSoC 3 and PSoC 5 applications. The video shows how to use the new kit, and walks through one of the many available example designs. It can be seen at www.cypress.com/go/psocdevkitvideo.

“There’s no better way to teach engineers about our new PSoC architectures and software than short, to-the-point videos,” said Gahan Richardson, vice president of PSoC Platform products at Cypress. “These videos are a great place to start learning, and we intend to produce many more.”

In addition to these newly released videos, four on-demand training modules are available to provide engineers with in-depth training on the PSoC 3 and PSoC 5 architectures as well as the PSoC Creator software design flow.  These introductory training modules teach engineers how to take advantage of the high-precision analog, programmable digital and high performance cores and CPU subsystems through a combination of lecture and hands-on labs.  All four of these modules utilize the PSoC Development Kit and can be taken at: www.cypress.com/psoctraining.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., October 12, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced its founder, president and CEO T.J. Rodgers will present the keynote address at the 2009 ARM® techcon3 in Santa Clara, California on Wednesday, October 21 at 12:00 p.m. at the Santa Clara Convention Center. The presentation, entitled “Not Your Father's Embedded Design: How System-Level Programmability is Now Changing the Engineer's World,” will examine how a new embedded design paradigm is enabling greater flexibility to address the rapidly changing market conditions and design demands facing engineers today.

Cypress will demonstrate its newly announced PSoC® 3 and PSoC 5 programmable system-on-chip architectures in booth 313 at the show from October 21-23. The new PSoC architectures dramatically increase performance and extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications.  This new embedded design platform is powered by the revolutionary PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

The live demonstrations show how the PSoC embedded design methodology helps engineers solve key challenges with precision analog, the PSoC Creator IDE and the PSoC ecosystem. For more information, visit www.cypress.com/go/pr/armtechcon3.

Additionally, two Cypress representatives will present three sessions during the conference:

• “Reduce Power Consumption and Increase Processor Efficiency through Distributed Processing” – This presentation on Thursday, October 22 at 10:00 a.m. by Loren Hobbs, PSoC product marketing manager, discusses how an embedded system designer can reduce system power consumption and increase system efficiency and throughput through the use of distributed processing. By using the combination of a Direct Memory Access (DMA) engine and "mini-processors" to perform control algorithms, it is possible to create low power and highly efficient processing systems. By offloading the overhead of basic processing functions, the ARM processor is freed up to dedicate its instruction cycles to the more complex processing functions it is optimized for. This concept will be illustrated using examples of common functions in embedded systems, such as motor control.

• “Low-power Programmable and Integrated Mixed-Signal Processing System Using an ARM Core” – This presentation on Friday, October 23 at 1:00 p.m. by Ata Khan, vice president of technical staff, shows how to build low-power programmable and integrated mixed-signal processing systems using an ARM Core. Applications such as sensors and control loops can require analog and digital signal conditioning and processing, and interaction with an embedded processor. Some representative applications, their requirements, and mapping to a proposed solution will be presented. Ideally, the elements required to build a low-power mixed-signal processing system should be integrated and interconnected allowing for the lowest power and best efficiency as well as an integrated development environment.

• “A Painless Migration to 32-bit Designs” – This presentation on Wednesday, October 21 at 2:30 p.m. by Loren Hobbs will show how to evaluate the migration-readiness of a design and describe the latest techniques for ensuring a painless transition from 8-bits to 32-bits. Migrating from an 8-bit MCU to a 16-bit or 32-bit MCU poses significant challenges to embedded designers. Although 16- or 32-bit architectures can offer much greater flexibility with higher processing performance and data bandwidth, the required changes in board design and the need to learn new tools are often costly and time-consuming. Issues to be considered include whether the processor will be able to cope with an application’s unique demands, power consumption, pin compatibility, peripheral compatibility, tool migration, programming complexity, and availability of reference designs and code-ready development boards.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex™-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # # 

Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., October 1, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in USB, today announced a free, online seminar that presents the basics of the USB3.0 specification. The 60-minute webinar, entitled “Fundamentals of USB3.0,” will be presented in conjunction with EE Times on Thursday, October 8 at 9:00 a.m. PDT. Online registration is available at http://www.techonline.com/learning/webinar/220200080.

USB is the most successful peripheral interconnect and is heavily adopted in consumer electronics and PC peripherals. USB3.0 is the next revolution in the wired USB market, offering the same ease of use and flexibility that users have become comfortable with, but at the much higher data rate of 5Gbps. The USB3.0 specification also delivers excellent power management, which is very important for "Sync & Go" applications that need to maintain long battery life.

In this webinar, Cypress representatives will help engineers understand why USB3.0 is relevant, where it differs from USB2.0, and how it compares to PCI Express and other interfaces. Additionally, the presenters will look at early applications and usage models.

Cypress entered the USB market in 1996 with the goal of “Making USB Universal®” and has since become the leading USB device supplier in a wide variety of applications. In July 2009, announced it has shipped over one billion USB controllers and is committed to supporting USB3.0. Cypress offers the industry’s most complete portfolio of USB devices, including low-, full-, and high-speed controllers, embedded hosts, hubs, application specific bridges, transceivers and wireless solutions. 

Cypress’s well established portfolio includes enCoRe™ and EZ-USB® USB controllers, West Bridge® peripheral controllers and WirelessUSB™ 2.4-GHz radios. Cypress’s hallmark USB device, the EZ-USB FX2 controller, continues to provide unparalleled flexibility to customers seeking to add USB to new applications.

Cypress also provides the industry’s most comprehensive USB software support, reference designs and driver suites. This “whole product” support enables customers to bring USB-enabled products to market faster and has helped to forge long-lasting relationships with leading manufacturers worldwide. For more information, visit www.cypress.com/go/USB.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, Making USB Universal, West Bridge and EZ-USB are registered trademarks and enCoRe, WirelessUSB, MoBL-USB and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

POWAY, Calif., September 29, 2009 – AGIGA Tech Inc., a subsidiary of Cypress Semiconductor Corp. (NYSE: CY), today introduced the market’s highest-density, high-speed non-volatile RAM system. The AGIGARAM™ non-volatile system’s (NVS) new CAPRI family delivers densities between 256 megabytes (2048 megabits) and 2 gigabytes (16 gigabits). The easy-to-use, turnkey family leverages a DDR2 SDRAM interface to deliver speeds up to 800 MHz with peak transfer rates equivalent to DRAMs. The CAPRI family enables many valuable system features such as zero standby power, power interruption immunity, instant on/recovery, write caching/posting, data logging, service/maintenance processing, journaling, unified memory architectures, and UPS replacement/redundancy. The products provide all these features while preserving mission-critical data.

The AGIGARAM is ideal for a wide range of applications, including storage, networking, communications, industrial computing and controls, medical equipment, gaming systems, ATMs and point-of-sale terminals, printers, scanners, copiers, automotive and military systems. More information on the AGIGARAM is available at www.agigatech.com.

“The CAPRI family brings AGIGARAM’s unique high-speed, high-density non-volatile RAM technology to higher-end applications in the networking, storage, industrial and embedded markets,” said Ron Sartore, CEO of AGIGA Tech. “Our flexible CAPRI products come in multiple form factors and host interfaces, enabling rapid time-to-market and high performance.”

Until now, high-speed, non-volatile memory choices have been limited, especially when the performance of a RAM is desired. Complementing the nvSRAM offerings from Cypress, the AGIGARAM system scales and extends nonvolatile solutions to much higher densities. The next best high-density alternative, battery-backed memories, can offer high speeds, but are subject to numerous problems, such as hazardous material issues, increased design complexity, long charge times, limited operating life, and a high total cost of ownership.

The AGIGARAM system solves these problems with a novel use of a battery free power sub-system, teamed with high-speed synchronous DRAM, NAND Flash, intelligent power management and a proprietary system controller. During normal operation the AGIGARAM functions exactly like a synchronous DRAM (SDRAM). When power is lost, however, it automatically saves the data to NAND Flash using the energy stored in the power subsystem. When power is restored, the data is transferred back into the SDRAM. This functionality can be used for power interruption/loss immunity, instant-on recovery, write caching and posting, data logging and journaling, and service and maintenance processing.

CAPRI Product Features
Targeted at higher end storage, industrial, networking, and communications applications:
• 256-MB, 512-MB, 1-GB and 2-GB densities
• 64/72-bit DDR2 SDRAM interface with high speeds of 533 MHz, 667 MHz and 800 MHz
• 6,400 MB/sec peak transfers
• I2C command/control bus
• Form factor: 244-pin mini-RDIMM, 240-pin RDIMM and custom form factors
• 0-60 degrees C operating range, with additional ranges available
• 5-year and 10-year operating life options
• Integrated battery-free power pack

Availability and Photo
The AGIGARAM CAPRI product is sampling now, with production expected in Q4 2009. The PLUM PCI-CAPRI Evaluation kit is on sale now and can be ordered from the AGIGA Tech website. Complete documentation, part numbers, product briefs, white papers, and datasheets are available at the AGIGA Tech website. A high-resolution photo of the AGIGARAM CAPRI is available at www.cypress.com/go/pr/agigaramcapriphoto.

About AGIGA Tech
Headquartered in Poway, California with a product development and test center in Chengdu, China, AGIGA Tech was founded in February 2008 as a subsidiary of Cypress Semiconductor Corp. (NYSE:CY). AGIGA Tech’s AGIGARAM products are the world’s first high-speed, high-density RAMs that do not need environmentally-unfriendly batteries. The company’s products are available worldwide through the Cypress sales force and its distributor partners. More information on the company is available at www.agigatech.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

AGIGA Tech and AGIGARAM are trademarks of AGIGA Tech, Inc. Cypress, the Cypress logo, PSoC, EZ-USB, and West Bridge are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., September 28, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that Cathal Phelan, Cypress’s Chief Technical Officer, will deliver a keynote address at the second annual NoTA (Network on Terminal Architecture) Conference. The speech will take place on September 30 at 11:00 a.m. at Cypress's headquarters at 198 Champion Court in San Jose.

Phelan’s speech will explore the benefits of modular architectures using specific examples such as user interface and peripheral control modules. He will show how implementing a modular approach shortens time to market, adds integration flexibility to enable broad product portfolios, and optimizes performance.

The NoTA Conference will be held September 30 through October 1 at Cypress headquarters in San Jose. It will include presentations, group discussions and demonstrations of new technologies. More information on the conference, including registration details, is available at http://www.vtt.fi/proj/notaconference2009/index.jsp?lang=en.

About NoTA
NoTA is an open architecture initiative designed to develop a unified way to integrate, communicate and define module interfaces in embedded devices. This enables different developers to independently innovate, develop, optimize and verify modules that are interoperable. The model resembles the logic behind Internet protocols. The result is a platform that fosters new independent innovations.

About the West Bridge Family
Devices in Cypress’s West Bridge family of peripheral controllers function as a companion chip to an embedded central processing unit (CPU) to free it from data-intensive operations. In the same way the North Bridge and South Bridge were introduced in the PC architecture to enable the main CPU to evolve independently from quickly changing memory and peripheral interfaces, embedded systems are evolving towards a similar architecture, where a West Bridge device manages the interfaces and offloads from the main CPU specific peripheral-to-peripheral traffic.  More information is available at www.cypress.com/go/westbridge.

About TrueTouch™
The PSoC®-based TrueTouch solution employs proven Cypress capacitive sensing technology that has replaced over 3.5B mechanical buttons. TrueTouch solutions are targeted at consumer applications that require very low power, superior noise immunity, and tiny package options. TrueTouch programmability allows customers to build custom solutions that meet unique user interface requirements, including gesture-based functions. The solution works with various industrial materials such as glass and plastics, giving customers maximum flexibility to create sleek industrial designs. It also operates flawlessly in noisy environments with interference from RF and LCD noise sources.

Cypress's TrueTouch touchscreen solution is based on projected capacitive touchscreen technology, offering numerous benefits over resistive touchscreens. These advantages include optical clarity, durability, reliability and cost-effective implementation of multi-touch features. More information about the TrueTouch solution is available at www.cypress.com/go/TrueTouch.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

HONG KONG, September 25, 2009 -  Arrow Asia Pac Ltd., a business unit of Arrow Electronics, Inc. (NYSE: ARW), announced that it will partner with Cypress Semiconductor Corp. (NYSE: CY) to deliver a series of seminars on Cypress’s new PSoC® 3 and PSoC 5 programmable architectures in China. The seminars will be held in three cities, including in Nanjing on October 21, in Beijing on October 23, and in Shenzhen on October 28. Arrow and Cypress will introduce Cypress’s newest programmable embedded system design platform technologies and a host of applications.     

The seminars aim to provide an introduction to Cypress's latest PSoC product families and design methodology, with a focus on its PSoC Creator™ development software. The tool enables engineers to design the way they think, using schematic-based design capture along with certified, pre-packaged components to quickly and efficiently create custom solutions.  The seminars will feature in-depth technical presentations on how to apply programmable solutions to embedded analog and digital design challenges. Participants will have a chance to see a live demo of Cypress's next generation PSoC design methodology, capacitive touch interface solution, motor control solution, and highly integrated LED lighting control solution.    

“We are excited and proud to be the first global distributor to launch the latest Cypress PSoC technologies in China," said CC Lim, vice president of marketing for Arrow Asia Pac.  “Collaboration with Cypress reinforces our commitment to bringing some of the most innovative programmable embedded system design platforms in the industry to market in Asia.  Arrow’s strong capabilities in demand creation, technical services, and supply chain solutions are uniquely positioned to help customers fully leverage Cypress’s PSoC technologies, enjoy breakthrough design without constraints and get to market faster than anyone else.”

“We’re looking forward to working with Arrow to bring the benefits of our new PSoC families to engineers in greater China,” said Geoff Charubin, vice president of Worldwide Distribution for Cypress. “Arrow’s broad customer base and strong technical capabilities will be invaluable in informing customers about PSoC, helping them to complete designs, and fulfilling the demand we expect to be created.”

Seminar schedule and venues:

Nanjing
Date: October 21, 2009 (Wednesday)
Time: 11:00am - 5:00pm
Venue: Crowne Plaza Nanjing
Address: No.89 Hanzhong Road, Nanjing 200029 P.R. China

Beijing
Date: October 23, 2009
Time: 11:00am - 5:00pm
Venue: The St. Regis Beijing
Address: 21 Jianguomenwai Dajie, Beijing 100020 P.R. China

Shenzhen
Date: October 28, 2009
Time: 11:00am - 5:00pm
Venue: Four Points by Sheraton Shenzhen
Address: 5 Guihua Road, Futian Free Trade Zone, Shenzhen, Guangdong 518038 P.R. China

Seminar attendees will have a chance to win a free PSoC 3 FirstTouch™ Starter Kit and/or a PSoC Development Kit.  The US$249 CY8CKIT-001 PSoC Development Kit provides users a common development platform for prototyping and evaluating different solutions using any one of the PSoC 1, PSoC 3, or PSoC 5 architectures. This kit includes several example projects with step-by-step instructions to enable users to get started developing PSoC solutions.  PSoC CY8C29 and PSoC 3 CY8C38 Family Processor Modules are included.  The US$49 CY8CKIT-003 PSoC 3 FirstTouch Starter Kit features an array of sensors, I/O’s, projects, and software.  Serial Wire Debugging (SWD), an Accelerometer, a Thermistor, Proximity Sensing, a CapSense® touch-sensing interface, a 12-pin wireless module header, and 28 general purpose I/O pins (GPIOs) are all included.

For registration and more information, please go to http://www.arrowasia.com.hk/event_registration/.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

About Arrow Asia Pac
A business unit of Arrow Electronics, Inc. (NYSE: ARW), Arrow Asia Pac is one of Asia-Pacific’s leading electronic component distributors. In addition to its regional headquarters in Hong Kong, Arrow Asia Pac operates 54 sales offices, four primary distribution centers and 14 local warehousing facilities in 13 countries/territories across Asia.

Providing a full range of semiconductors, passive, electromechanical and connector products from more than 200 leading international and local suppliers, Arrow Asia Pac serves more than 10,000 original equipment and contract manufacturers and commercial customers in the Asia-Pacific region.  Visit us at www.arrowasia.com.

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Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, CyFi and FirstTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., September 24, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that it will partner with Avnet, Inc. (NYSE:AVT) for the X-Fest global series of free technical seminars to be held in 37 locations around the world from October 2009 through February 2010. Interested parties can get more information and register for a local event at www.cypress.com/go/xfest.

Cypress will demonstrate its newly announced PSoC® 3 programmable system-on-chip architecture. The new PSoC architectures dramatically increase performance and extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications.  This new embedded design platform is powered by the revolutionary PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

In addition to the demonstrations, Cypress will be participating in three technical sessions at the X-Fest events:

• Interfacing to an Analog World
Attendees will see real-world examples of multiple sensor input signal conditioning, and see the important effects that filtering and amplification can have on low level signals. It will also explore the design considerations around analog resolution, sampling speeds and converter topologies.

• Designing Products for the Human Experience
This session will teach engineers how to design intuitive, reliable Human-Machine Interfaces with CapSense® touch-sensing, low-cost custom segment LCDs, and low-cost USB connections to a host PC. Attendees will also learn how to save power and cost through clever design techniques employed on the new Xilinx Spartan-6 LX16 platform designed by Avnet.

• Powering Xilinx Virtex®-6 and Spartan®-6
This session will explain the key requirements of powering the Virtex-6 and Spartan-6 FPGAs., as well as various techniques in designing a very low power Spartan-6 based system.  In addition to seeing the design trade-offs involved in using linear regulators, switchers and integrated modules, attendees will learn new techniques for managing the overall power system, improving energy efficiency, and measuring power consumption in real time using PSoC 3 precision analog capabilities.

“We’re excited to be working with Avnet to present our new PSoC solutions to engineers around the world,” said Geoff Charubin, vice president of Worldwide Distribution for Cypress. “X-Fest attendees understand the importance of programmability, so this provides a great venue to showcase the flexibility, performance and integration of these new architectures.”

About X-Fest
From October 2009 through February 2010, X-fest events will be hosted in 37 locations throughout Asia, Europe, North America and Japan. X-fest is a global series of free technical seminars, offering practical, how-to training for designers interested in using the new Spartan-6 and Virtex-6 FPGA families from Xilinx.

These full-day events will showcase innovative design techniques, methodologies and implementations as well as reference designs from multiple manufacturers that can accelerate myriad applications from PCIe to video to wireless to embedded networking and more! Don't miss this opportunity to learn how to maximize next generation FPGAs and to improve your design capabilities. More information and registration details are available at http://www.weboom.com/avnet/index.html.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE Calif., September 24, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that WAC Lighting, a leading manufacturer and designer of track, recessed, undercabinet, decorative and monorail lighting, has selected Cypress’s EZ-Color™ high-brightness LED (HBLED) controllers to control the LEDs in its new color-changing tape light system. Based on Cypress’s flexible PSoC® programmable system-on-chip, the EZ-Color solution enabled WAC Lighting designers to quickly introduce the energy-efficient INVISILED™ PALETTE system to the display and accent lighting markets.

INVISILED PALETTE uses the CY8CLED02 EZ-Color controller to manage red, green and blue diodes to create unique color-changing capabilities. With EZ-Color’s patent-pending PrISM™ (Precise Illumination Signal Modulation) technology, the color changes are programmed in a constant, smooth transition with adjustable speed among the three colored diodes and can be stopped at any point for a custom color effect. The PrISM modulation technology also significantly reduces low-frequency flicker and radiated electro-magnetic interference (EMI)—common problems in LED lighting designs.

"The Cypress EZ-Color solution provided us the flexibility and ease-of-use of the PSOC architecture while integrating the color mixing algorithms we required for our INVISILED PALETTE system,” said Shelley Wang, President of WAC Lighting and the 2009 recipient of the Residential Lighting Industry Leadership Award. "The smooth color-changing effects of the EZ-Color solution help PALETTE stand out from the competition.”

“WAC Lighting’s innovative LED lighting systems are a great showcase for Cypress’s EZ-Color family,” said Curtis Davis, vice president of Cypress’s PowerPSoC Division. “The PALETTE system shows how our EZ-Color solution streamlines design with HBLEDs while also bringing smart lighting effects to the market.”

About WAC Lighting's INVISILED Tape Systems
Ideal for both new construction and retrofit projects, INVISILED Tape provides flexible, easy-to-install accent lighting solutions for a broad range of layouts and applications including miniature coves, architectural accents, home theaters, entertainment rooms, under counters and bars, toe kick spaces, display windows, trade show booths, recreational vehicles, and wine racks.

The energy efficient LED tape delivers a crisp, quality light while using only 1.5 watts per-foot. Flexible and easy to install, INVISILED offers an extremely low profile and is virtually invisible with a 1/8th of an inch thickness and 7/16th of an inch width.  It allows for applications in extremely narrow coves. Long life LEDs (light emitting diodes) perform up to 50,000 hours and are spaced evenly one-inch apart.  Each self adhesive INVISILED strip is backed with a 3M adhesive or screw based mounting clips for easy installation and ideal for customizing lighting designs to meet the exact specifications of each project. LED tape is available in one-foot and five-foot sections that are field cut-able every six inches or may also be cut to length at the end of a run. INVISILED is crafted in a silicon casing for long-lasting durability but still flexible enough to negotiate curves effortlessly. 

In addition to the INVISILED PALETTE, WAC offers INVISILED AURA, which features color changing capabilities with chips that have three individually colored diodes.  AURA offers a color range from Amber to 5100k white, enabling you to change the aura of your room from “Daylight to Sunset” with the touch of a button.  The color temperature manually transitions in ten steps and can be stopped at any point during the transition for a custom color effect. 

About WAC Lighting
WAC Lighting has developed a stellar reputation for high quality decorative and task lighting lines backed by an extraordinary level of service, an unprecedented shipping record, and a Five-Year Product Warranty.

To reflect the firm's energy efficiency commitments, corporate social responsibility and community involvement, WAC Lighting is promoting its brand standard of “Responsible Lighting.” Helping to lead the industry’s sustainability charge, the firm has contributed to social progress with responsible manufacturing practices and energy efficiency technology.  The firm employs precision fabrication, stringent sourcing, water recycling, lead-free and zero-landfill capabilities in our wholly owned, clean ISO 9001-certified manufacturing campus.  New sustainable CFL and LED lighting products have been added to the extensive line with the most energy efficient technology available. As progress is measured in quality of life, WAC Lighting strives to advance employee empowerment, community involvement with major global and local foundations, and diversity in the workplace. Visit www.waclighting.com for more information.

About Cypress’s Intelligent Lighting Solutions
LED lighting design requires a complex set of calculations with custom firmware to deliver consistent color. The two biggest problems that LED lighting engineers face are having to account for differing LED performance specifications based on manufacturing bins and the LEDs’ degradation (such as output flux, wavelength etc.) over different temperatures. With PSoC Designer, designers simply select a color from a gamut presented on-screen. Cypress offers temperature or optical feedback algorithms that are automatically applied to the selected design and programmed into a Cypress controller. This can save anywhere from weeks to months of design time for a complex design.

Cypress’s PowerPSoC® family is the industry’s first single-chip solution for both controlling and driving high-power LEDs. The family integrates four constant-current regulators and four 32V MOSFETs with Cypress’s PSoC® programmable system-on-chip, which includes programmable analog and digital blocks, a microcontroller, and memory. For more information on the PowerPSoC and EZ-Color families, visit www.cypress.com/go/powerpsoc.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PowerPSoC, PSoC, West Bridge and EZ-USB are registered trademarks and EZ-Color, PrISM and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE Calif., September 24, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced Design News magazine has selected Cypress’s PowerPSoC® family of integrated embedded power controllers as a 2009 Golden Mousetrap Award winner for “Power Management and Control.” The solution is the industry’s first single-chip solution for both controlling and driving high-power LEDs. The PowerPSoC family integrates four constant-current regulators and four 32V MOSFETs with Cypress’s PSoC® programmable system-on-chip, which includes programmable analog and digital blocks, a microcontroller, and memory.

This unprecedented level of integration provides customers with a single-chip solution for high-quality LED-based lighting products, and extends into other embedded applications such as white goods and industrial control. The result is end systems with fewer components, faster design cycles, lower power consumption and higher reliability. More information on the PowerPSoC family is available at www.cypress.com/go/pr/PowerPSoC.

For more than two decades, the Design News Awards Program has recognized engineering innovation and creativity in product design. This year, Golden Mousetrap awards were given in four major categories: Electronics, Motion Control/Automation, Hardware/Software, Materials/Fastening/Joining/Assembly, and 20 subcategories. Editors reviewed a record number of entries, and based on their expertise in each technology area, 71 finalists and 23 winners were selected. 

In describing PowerPSoC and its applications, Design News’ Senior Technical Editor Charles Murray wrote that the product: "could dramatically reduce part count and simultaneously simplify the design process by eliminating the need to incorporate a separate power supply.” To read more of the Design News article on the Golden Mousetrap Award for PowerPSoC, visit: www.cypress.com/go/pr/goldenppsoc.

“Winning the prestigious Golden Mousetrap Award is a tribute to the unprecedented integration our designers were able to achieve with the PowerPSoC family,” said Curtis Davis, vice president of Cypress’s PowerPSoC Division. “We’d like to thank Design News for this honor, and our customers for collaborating with us on this breakthrough product.”

About PowerPSoC
The PowerPSoC family integrates up to four independently operated 32V / 1A MOSFETs that offer the ability to drive high power LEDs up to 1A. The devices include up to four programmable hysteretic controllers to provide controlled current output and up to four low-side gate drivers with programmable drive strength to support voltages above 32V with external MOSFETs. Up to 2MHz switching frequency allows use of smaller, less expensive inductors.

The family offers floating load buck, floating load buck-boost, and boost converter topologies that enable flexibility for the different voltage requirements of various applications. An auxiliary power regulator allows a PowerPSoC chip to operate up to 32V from a single power supply. The devices also offer 16-bit dimming for lighting applications that require high-resolution dimming.

The companion software for PowerPSoC, the PSoC Designer™ development tool, enables designers to quickly and efficiently program the controllers for different lighting and power options. It also allows changes late in the design cycle without having to change the circuit board layout. More information about PSoC products and design tools is available at www.cypress.com/psoc. For more information on the PowerPSoC family, visit www.cypress.com/go/powerpsoc.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PowerPSoC, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., September 22, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that Cytech Global Pte Ltd will distribute Cypress’s complete line of proprietary and programmable solutions in the ASEAN countries and India. Cytech’s parent company, Macnica, Inc., has a long and successful partnership with Cypress in Japan, and more recently Macnica HK (a subsidiary of Macnica, Inc.) has been distributing Cypress products in China. The agreement is effective immediately.

Cytech’s demand creation engine consists of more than 200 employees across 16 offices in the Asia Pacific region. Cytech’s sales force is highly technical and able to assist customers throughout the entire design cycle. In addition, the company is well-versed in selling programmable and proprietary solutions, providing excellent synergy with Cypress’s offerings.

“We welcome Cytech to the Cypress sales team,” said Geoff Charubin, vice president of Worldwide Distribution for Cypress. “Cytech offers a powerful demand creation engine in the ASEAN countries and India that fits perfectly with our target customers and product offerings. We look forward to strong sales of PSoC and other Cypress solutions from Cytech and the entire family of Macnica companies across Asia, Japan and India.”

“We are excited to begin working with customers throughout the ASEAN countries and India to implement PSoC and other Cypress solutions,” said Johnny Chan, Chairman of Cytech. “The PSoC solution is changing the embedded design landscape, and our talented sales team is well positioned to help engineers implement new designs immediately.”

Cypress’s PSoC® programmable system-on-chip is the flagship of the company’s programmable and proprietary solutions. PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. In addition to the PSoC families, Cypress offers a wide range of programmable USB controllers, programmable clocks, LED and power management controllers, and high-performance memories.

About Cytech
Cytech is one of Pan-Asia’s leading technology oriented value-added distributors. Established since 1998 and headquartered in Hong Kong, Cytech has a workforce of more than 200 employees spanning over 16 offices. For the financial year ended March 31, 2008, Cytech Technology Ltd became a member of Macnica group which achieved consolidated revenue of approximately US$1.3 billion.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., September 21, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in USB, today announced it has expanded its automotive-grade portfolio with two USB devices—the EZ-USB®-HX2LP 4-port high-speed USB hub and the EZ-Host™ full-speed USB host. The AEC-Q100 auto-qualified devices are ideal for automotive applications such as navigation, infotainment, vehicle data recorders (VDRs) and data loggers.

The CY7C65630 EZ-USB HX2LP hub has a single Transaction Translator (1-TT) ideal for low-power applications. The device can connect to all low-speed, full-speed and high-speed USB devices on the downstream, and it supports both self-powered and bus-powered modes. The CY7C67300 EZ-Host device offers up to four host ports and can work both in stand-alone and co-processor modes. In co-processor mode, it can support interfaces such as SPI, HSS and HPI. With 32 general-purpose I/O (GPIO) pins, the EZ-Host device can be configured to provide extended functionalities. For more information on Cypress’s automotive portfolio, visit www.cypress.com/go/pr/automotive.

“Our newly automotive-qualified devices leverage Cypress’s reliability and expertise as the global market leader in USB, and we are keen to expand that leadership position,” said Alakesh Chetia, vice president of the USB Business Unit at Cypress. “These USB devices fit in well with our automotive-qualified PSoC® devices, memories and clocks in Cypress’s expanding automotive portfolio. We will continue to grow our USB products for automotive in the coming years to cater to the ever increasing connectivity requirements of the automotive industry.”

Cypress’s well established USB portfolio includes enCoRe™ and EZ-USB USB controllers, West Bridge® peripheral controllers and WirelessUSB™ 2.4-GHz radios. Cypress’s hallmark USB device, the EZ-USB FX2 controller, continues to provide unparalleled flexibility to customers seeking to add USB to new applications.

Cypress also provides the industry’s most comprehensive USB software support, reference designs and driver suites. This “whole product” support enables customers to bring USB-enabled products to market faster and has helped to forge long-lasting relationships with leading manufacturers worldwide. For more information on Cypress’s USB portfolio, visit www.cypress.com/go/pr/usb.

Cypress’s automotive portfolio includes the PSoC programmable system-on-chip, USB embedded hosts and hubs, timing solutions, fast asynchronous SRAMs, MicroPower asynchronous SRAMs and synchronous SRAMs.

Availability and Photo
The two new automotive qualified USB devices are currently in production. The CY7C65630-56LFXA EZ-USB HX2LP hub is available in a 56-pin QFN package, and the CY7C67300-100AXA EZ-Host device is available in 100-pin TQFP package. A high-resolution photo of the device is available at www.cypress.com/go/pr/autousbphoto.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, MoBL, PSoC, West Bridge and EZ-USB are registered trademarks and EZ-Host, enCoRe, WirelessUSB and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

BANGALORE, India, September 17, 2009 - Cypress Semiconductor Corp. (NYSE: CY) and Bhubaneswar Institute of Technology (BIT) announced a partnership to set up a Programmable System on Chip (PSoC®) lab at Bhubaneswar. The agreement was signed at Cypress headquarters in San Jose, California, by BIT Chairman, Dr. Rabi Mahapatra and Cypress University Alliance Director, Patrick Kane.

As part of the agreement, Cypress will provide hands-on training to the faculty and students of BIT, along with free hardware kits and software tools. BIT will provide the facilities for the laboratory.

BIT plans to immediately introduce PSoC training for its 120 students in Electronics & Communication Engineering (ECE) and Electrical & Electronics Engineering (EEE), beginning with the students’ first year. It plans to develop courseware and lab material for its basic electronics labs on the PSoC platform. A two-semester course on PSoC has also been planned at BIT, in which the course materials will be developed by the faculty of BIT in collaboration with Cypress. The course will include both theories and practical lab sessions, with emphasis on allowing students to use PSoC in innovative applications and in their academic projects.

This Laboratory will expose the students to the PSoC platform, a flexible family of devices with programmable analogue and digital blocks integrated with a microcontroller. With its unique architecture, PSoC provides an unrivaled learning platform for embedded design students. The lab will also be used for training the local engineering community

"PSoC combines the familiarity of a microcontroller, configurability of a CPLD and the capabilities of an ASIC. This unique platform provides a powerful development environment to learn practical design skills,” said Dr. Mahapatra, Chairman of BIT. ”Our partnership will allow ECE & EEE students to receive hands-on lab experience using Cypress’s industry-leading technology right from their first year. This is in tune with BIT’s hands-on learning methodology and will significantly augment traditional lectures, exercises and assignments. This demonstrates BIT’s commitment to bring emerging technologies to education in Orissa."

"We are pleased to partner with BIT on this new PSoC lab,” said Kane. These agreements are exactly what the Cypress University Alliance is about - partnering with leading universities and students to establish PSoC as the premier embedded design learning platform,"

About Bhubaneswar Institute of Technology
Bhubaneswar Institute of Technology (BIT) is the first venture of Orissa Millennium Education Trust, founded by Prof. Rabi Mahapatra. BIT was launched as a shared vision of U.S. based academicians and industry professionals from US and India to establish leadership in learning, research and services and preparing students for a global society.

About the Cypress University Alliance
Cypress's University Alliance Program is a multifaceted program empowering electronics engineering and computer science students to develop the skill sets needed to perform in today's marketplace. The program mounts regional design competitions, offers academic workshops, and maintains a university alliance website (www.cypress.com/cua) which provides access to myriad free design resources, evaluation boards and online courses.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks, and CyFi is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., September 16, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced its founder, president and CEO T.J. Rodgers will present the keynote address at the 2009 Embedded Systems Conference in Boston on Wednesday, September 23 at 9:30 a.m. in Hall D of the Hynes Convention Center. The address will examine how true system-level programmability – the ability to use programmable resources to create, change and reuse designs quickly and efficiently in software – is enabling designers to develop feature-rich products quickly and cost-efficiently with the ability to accommodate last-minute changes.

Cypress will demonstrate its newly announced PSoC® 3 and PSoC 5 programmable system-on-chip architectures in booth 501 at the show from September 22-23. The new PSoC architectures dramatically increase performance and extend the world’s only programmable analog and digital embedded design platform, delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications.  This new embedded design platform is powered by the revolutionary PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design methodology along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements.

The live demonstrations show how the PSoC embedded design methodology help engineers solve key challenges in such areas as user interfaces, intelligent sensing, power efficiency, connectivity and lighting. Cypress will also present 15-minute, theater-style presentations at regular intervals in the Cypress booth on how to apply the PSoC embedded design methodology. For more information, visit www.cypress.com/go/pr/esc2009 or email escshow@cypress.com.

Additionally, Cypress and Future Electronics will offer in-depth training workshops on the PSoC platform on Tuesday, September 22, starting at 11:30 a.m. in Room 204. These 60-minute courses will cover the fundamentals of the PSoC embedded design methodology, and include a series of hands-on labs that will show how to solve many common design challenges. Topics covered include:

• Easing Embedded Design with True System-on-Chip Programmability – This hands-on course will introduce Cypress’s latest PSoC architectures and demonstrate how they overcome common design limitations. Attendees will receive a free copy of Cypress’s PSoC Creator integrated development environment and a Keil CA51 compiler.

• Digital Designs in a Programmable System-on-Chip – Attendees will learn how to accelerate designs and get to market faster in this course that introduces the programmable digital fabric within the new PSoC architectures.

• Analog Designs in a Programmable System-on-Chip – Attendees will learn how to address complex analog designs and integrate high-precision analog peripherals (e.g., sense/control, touch-sensing) with ease using the new PSoC architectures and PSoC Creator.

About PSoC 3 and PSoC 5
The new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources integrated with powerful, industry-standard MCU cores and ample memory and communications peripherals. The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 32 bits. The robust features of these new solutions dramatically expand the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

• Integrates high-precision integrated analog with up to 20-bit resolution
• Delivers large library of drop-in programmable analog and digital peripherals
• Enables ultra low power applications with industry’s widest voltage range
• Provides easy migration from 8- to 32-bit architectures with pin and API compatibility
• Increases addressable market for PSoC by greater than 10x to over $15 Billion
• Powered by revolutionary PSoC Creator™ Integrated Development Environment

SAN JOSE, Calif., September 14, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced two new architectures in its PSoC® programmable system-on-chip platform that dramatically increase performance and extend the world’s only programmable analog and digital embedded design platform delivering unmatched time-to-market, integration, and flexibility across 8-, 16-, and 32-bit applications. This new programmable analog and digital embedded design platform is powered by the revolutionary PSoC Creator™ Integrated Development Environment, which introduces a unique schematic-based design capture along with fully tested, pre-packaged analog and digital peripherals easily customizable through user-intuitive wizards and APIs to meet specific design requirements. PSoC Creator enables engineers to design the way they think and dramatically shorten time-to-market (see related release “PSoC Creator™ Software Delivers Revolutionary Design Environment For New Cypress PSoC 3 and PSoC 5 Architectures”). More information, including data sheets, application notes, online training, development kits, free PSoC Creator downloads and device samples, is available at www.cypress.com/go/psoc.

The unique programmable analog and digital peripherals in PSoC 3 and PSoC 5, along with new high performance 8-bit and 32-bit MCU sub-systems, enable new capabilities such as motor control, intelligent power supply and battery management, human interfaces such as CapSense® touch sensing, LCD segment display, graphics control, as well as audio/voice processing, communication protocols, and much more. These new capabilities dramatically expand the markets that PSoC can address, including industrial, medical, automotive, communications and consumer equipment. The total available market for PSoC products is now expanded to over fifteen billion dollars, spanning across 8-, 16- and 32-bit applications, as well as precision analog markets.

The new PSoC 3 and PSoC 5 architectures include high-precision, programmable analog resources that can be configured as ADCs, DACs, TIAs, Mixers, PGAs, OpAmps and more. They also include enhanced programmable-logic based digital resources that can be configured as 8-, 16-, 24- and 32-bit timers, counters, and PWMs, as well as more advanced digital peripherals such as Cyclic Redundancy Check (CRC), Pseudo Random Sequence (PRS) generators, and quadrature decoders. Designers have a unique ability to customize this digital system through full featured general purpose PLD-based logic available in PSoC 3 and PSoC 5.  The new architectures also support a wide range of communications interfaces, including Full-Speed USB, I2C, SPI, UART, CAN, LIN, and I2S.

The new PSoC 3 and PSoC 5 architectures are powered by high performance, industry-standard processors. The PSoC 3 architecture is based on a new, high-performance 8-bit 8051 processor with up to 33 MIPS, while the PSoC 5 architecture includes a powerful 32-bit ARM Cortex-M3 processor with up to 100 DMIPS. Both architectures meet the demands of extremely low power applications by delivering the industry’s widest voltage range from 5.5V down to 0.5V along with low 200nA hibernate current. They provide a seamless, programmable design platform from 8- to 32-bit architectures with pin and API compatibility between PSoC 3 and PSoC 5, along with programmable routing, allowing any signal, whether analog or digital, to be routed to any general-purpose I/O to ease circuit board layout. This capability includes the ability to route LCD Segment Display and CapSense signals to any GPIO pin.

“These new families, along with the revolutionary PSoC Creator Software, will change the way embedded designers solve problems,” said T.J. Rodgers, Cypress’s President and CEO. “The PSoC 3 and PSoC 5 architectures deliver a scalable platform with the computing power of high-performance MCUs, the precision of stand-alone analog devices and the flexibility of PLDs, all with a powerful, easy-to-use design environment. This combination gives designers of 8-, 16- and 32-bit applications the flexibility and integration of true ‘system-level’ programmability for the first time.”

“The PSoC is the only architecture that extends the concept of programmability beyond instructions for the processor to configuring peripherals and customization of digital functions,” said Tom Starnes, principal analyst at Objective Analysis in Austin, Texas. “Coupled with analog precision on-chip beyond that found in any other MCU, these highly-integrated PSoCs are more highly-programmable than any other chip. The addition of precision analog and the ARM Cortex processor to the family should bring the performance needed for any modern application.”

Features of the New PSoC 3 and PSoC 5 Architectures

Programmable Precision Analog Sub-system
• Up to 20-bit resolution for Delta-Sigma ADC
• Sample rates up to 1 MSPS in 12-bit SAR ADC
• Reference voltage accurate to /- 0.1% over industrial temperature and voltage range
• Up to four 8-bit resolution, 8 Msps DACs; 1x to 50x PGA; general purpose Op-amps with 25mA drive capability; up to four comparators with 30 ns response time
• DSP-like digital filter implementation for instrumentation and medical signal processing
• Large library of pre-characterized analog peripherals in PSoC Creator Software
• CapSense® functionality on all devices

Programmable High-Performance Digital Sub-system
• Array of “Universal Digital Blocks” (UDBs) each consisting of a combination of uncommitted logic (PLD), structured logic (datapath), and flexible routing to other UDBs, I/O or peripherals
• Large library of pre-characterized digital peripherals in PSoC Creator Software such as 8-, 16-, 24- and 32-bit Timers, Counters, PWMs
• Ability to customize digital system through full featured general purpose PLD-based logic
• High-Speed Connectivity:  Full Speed USB, I2C, SPI, UART, CAN, LIN, I2S

High-Performance CPU Sub-systems
• 8-bit 8051 core with 33 MIPS performance (PSoC 3)
• 32-bit ARM Cortex-M3 core with 100 MIPS performance (PSoC 5)
• 24-Channel multilayer Direct Memory Access (DMA) with simultaneous access to SRAM and CPU
• On-chip debug and trace functionality with JTAG and Serial Wire Debug (SWD)
• Complete Ecosystem of industry-standard compilers and real time operating systems

Industry Leading Low Power
• Industry’s widest operating range of 0.5V to 5.5V with no degradation in analog performance
• Active power consumption: 1.2mA at 6 MHz (PSoC 3) and 2mA at 6 MHz (PSoC 5)
• Sleep-mode power consumption: 1µA (PSoC 3) and 2µA (PSoC 5) 
• Hibernate-mode power consumption: 200nA (PSoC 3) and 300nA (PSoC 5)

Programmable, Feature-Rich I/O & Clocking
• The ultimate flexibility with any pin to any analog or digital peripheral  
• LCD Segment Display on any pin with up to 16-commons/736 segments
• CapSense on any pin for replacing mechanical buttons and sliders
• 1.2V to 5.5V I/O interface voltages, up to 4 domains  for easy interface with systems running at different voltage domains
• 1 to 66 MHz internal /-1% oscillator with PLL over full temperature and voltage range

Sample and Kit Availability
Samples of the PSoC 3 devices are available today, with full production expected in the first quarter of 2010. The architecture includes three families with varying amounts of memory, digital and analog performance. Package options include 100-pin TQFPs, 48- and 68-pin QFNs, and 48-pin SSOPs.  PSoC 5 samples will be available in the first quarter of 2010 with full production in the second half of the year. The PSoC 5 architecture includes four different families. A high-resolution photo is available at www.cypress.com/go/pr/psoc3and5photo.

Cypress is offering two design kits to help engineers get started on PSoC 3 and PSoC 5 projects. The PSoC 3 FirstTouch™ Starter Kit (CY8CKIT-003) helps designers get acquainted with the new PSoC 3 architecture. It includes an array of sensors, I/O’s, projects, and software in addition to Serial Wire Debugging (SWD), an accelerometer, a thermistor, proximity sensing, CapSense, a 12-pin wireless module header, and 28 general purpose I/O pins. The kit is available today, priced at US$49.00.

The PSoC Development Kit (CY8CKIT-001) offers support for the entire PSoC line, including PSoC 1, PSoC 3 and PSoC 5 devices. The kit contains a main PSoC development board, and processor module boards for the different architectures. It also includes a MiniProg3 debug and evaluation device, prototyping cable kit, a USB cable, a 12V AC power adapter, and both PSoC Creator and PSoC Designer™ software. Sample projects are also provided. The kit is available today, priced at US$249.00. Designers can get more information and order kits and samples form www.cypress.com/go/psoc.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The flexible PSoC resources allow designers to future-proof their products by enabling firmware-based changes during design, validation, production, and in the field. The unique PSoC flexibility shortens design cycle time and allows for late-breaking feature enhancements. All PSoC devices are also dynamically reconfigurable, enabling designers to morph internal resources on-the-fly, utilizing fewer components to perform a given task. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, PSoC Designer, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

• Design – Schematic design entry and libraries of peripheral functions allow custom configuration of the perfect chip for any application
• Develop – Easy and error-free software development with APIs generated from common and custom peripherals
• Debug – Built-in debugger for fast, non-intrusive control of all PSoC 3 and PSoC 5 devices
• Reuse – Designs can be encapsulated and reused to minimize re-work and maximize efficiency

SAN JOSE, Calif., September 14, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today introduced the PSoC Creator™ Integrated Development Environment (IDE)  for the new PSoC® 3 and PSoC 5 programmable system-on-chip families (see related release “Cypress Revolutionizes Embedded Design with High Performance, Low Power PSoC® 3 and PSoC 5 Programmable System-on-Chip Architectures”). The unique new design software enables engineers to design the way they think, using schematic-based design capture along with certified, pre-packaged peripherals to keep system creation independent of the target PSoC device. Instead of trawling through device documentation and memorizing register maps, users simply layout the design, just as they would on paper or a whiteboard, and let the tool translate it into the PSoC configuration. With PSoC Creator, customers create designs according to application requirements, not the limitations of the target device. Re-targeting to new devices is as simple as rebuilding an application, so porting designs between PSoC devices becomes a snap, including migrating working designs seamlessly from 8- to 32-bit devices. More information and free downloads of PSoC Creator are available at www.cypress.com/go/psoccreator.

PSoC Creator combines a state-of-the-art software development IDE with a revolutionary graphical design editor to form a uniquely powerful hardware/software co-design environment. It provides a rich library of dozens of pre-configured analog and digital peripherals that can easily be dropped into the schematic design canvas and combined into powerful systems. The tool automatically routes all on-chip signals and can even direct I/O to the optimum pins if desired. Each peripheral component is carefully parameterized so that the implementation can be optimized to fit the developer’s needs perfectly with no wasted resources. The build process generates a consistent, easily remembered set of APIs for each component that allows the software developer to control the hardware without worrying about the underlying implementation. Customized designs, and their associated APIs, can even be saved in a library for future reuse and easily shared within an organization.

Cypress also offers fully functional, free compilers with no code size limitations for both the PSoC 3 and PSoC 5 device families. The Keil CA51 Compiler for PSoC 3 and the GNU GCC-ARM Compiler for PSoC 5 are both bundled with the PSoC Creator distribution. PSoC Creator also includes a built-in debugger to support the on-chip debug and trace functionality provided in all PSoC 3 and PSoC 5 devices. Real-Time Operating Systems (RTOS) supported include Keil™ RTX51Tiny, Micrium mC/OS-II™, and SEGGER emboss. PSoC Creator is expandable so new compilers, editors and Real-Time Operating Systems can be added in the future.

“Embedded designers finally have a tool that works the way they think, allowing them to create solutions without the constraints of specific devices or limitations between software and hardware designs,” said Norm Taffe, executive vice president of the Consumer and Computation Division at Cypress. “Our lead customers are just as enthusiastic about the PSoC Creator design methodology as they are about the PSoC 3 and PSoC 5 families themselves.”

“PSoC Creator is unlike other embedded design tools we have seen,” said Rich Wawrzyniak, Sr. Analyst, ASIC and SoC at Semico Research Corp. “It combines the speed and convenience of pre-built peripheral functions with the flexibility to create and re-use customized IP.”

Availability
PSoC Creator is available today at no cost from www.cypress.com/go/psoccreator. A high-resolution screen shot of the software is available at www.cypress.com/go/pr/creatorphoto.

About PSoC 3 and PSoC 5
The PSoC 3 devices are based on a new, high-performance 8-bit 8051 processor, while the PSoC 5 devices include a powerful 32-bit ARM Cortex-M3 processor. The new products provide designers with a seamless, programmable design platform, enabling easy migration from 8 to 16 to 32 bits. In addition to the powerful, industry-standard MCU cores, the new PSoC 3 and PSoC 5 architectures include high-precision programmable analog capability (up to 20-bit resolution for an Analog to Digital Converter) and expanded programmable digital resources to go along with ample memory and communications peripherals. The addition of these new features dramatically expands the applications and markets that PSoC can address, including automotive, portable medical, industrial and many more.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The flexible PSoC resources allow designers to future-proof their products by enabling firmware-based changes during design, validation, production, and in the field. The unique PSoC flexibility shortens design cycle time and allows for late-breaking feature enhancements. All PSoC devices are also dynamically reconfigurable, enabling designers to morph internal resources on-the-fly, utilizing fewer components to perform a given task. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and PSoC Creator, PSoC Designer, CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif. and CAMBRIDGE, UK, September 10, 2009 – ARM [(LSE: ARM); (Nasdaq: ARMH)] and Cypress Semiconductor Corp. (NYSE: CY) announced today that Cypress has licensed a broad range of intellectual property (IP) from ARM for use in next-generation programmable platforms. Cypress has licensed the ARM® Cortex™-M3 and ARM9™ family processors, along with more than 75 other IP elements.

Cypress is a leader in programmable solutions, with more than 25 years of providing a broad programmable offering. Cypress employs a SONOS manufacturing process that delivers high-performance, and excellent mixed-signal integration. Cypress’s flagship PSoC® programmable system-on-chip platform integrates an MCU core, programmable analog and digital blocks, and memory on a single chip. Cypress also offers programmable controllers for touch sensing and touchscreens, programmable clocks, and programmable LED controllers.

“Our ongoing relationship with Cypress and their adoption of the ARM Cortex architecture is a highly visible demonstration of the growing momentum behind ARM Cortex processor-based solutions,” said Eric Schorn, VP marketing, Processor Division, ARM. “The combination of the Cortex-M3 processor’s ultra low-power, high-performance credentials with the flexibility of Cypress’s embedded platform technology provides system designers with the ideal solution for a wide variety of applications, including, automotive and industrial control systems, white goods, electronic toys and medical instrumentation.”

“This partnership with ARM expands the potential range of programmable solutions we can make available to customers with the twin benefits of high performance and industry-standard architectures,” said Norm Taffe, executive vice president of Cypress’s Consumer and Computation Division. “In addition, our customers now gain access to the broad ARM ecosystem of support around the processors.”

About ARM
ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM’s comprehensive product offering includes 32-bit RISC microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company’s broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com. 

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corp. ARM is a registered trademark of ARM Limited. Cortex and ARM9 are trademarks of ARM Limited. All other brands or product names are the property of their respective holders.  “ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries ARM Inc.; ARM KK; ARM Korea Limited.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; ARM Norway, AS and ARM Sweden AB.

SAN JOSE, Calif., September 3, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today introduced new, fully-integrated TrueTouch™ touchscreen controllers, the TMA300 family, based on the PSoC® programmable system-on-chip architecture. The new controllers offer best in class performance and unique features that are helping to accelerate the development of next-generation differentiated touchscreen-based user interfaces for applications in mobile handsets, portable media players, netbooks, notebooks, printers, digital still cameras, GPS systems and more.

The TMA300 family represents the next generation of multi-touch all-point technology that Cypress pioneered in 2008. The integrated analog sensing engine offers the industry’s fastest and most accurate touchscreen user experience. This responsiveness allows tracking of multiple fingers simultaneously with precise x-y locations and without user delays or problems with erroneous “ghost” responses. The family supports traditional gestures such as tap, double-tap, pan, pinch, scroll, and rotate, and also provides developers a unique platform to create custom gestures without being constrained to two-finger touch.

Cypress offers the TMA300 family in a tiny chip-scale package (CSP) as well as in a thin 0.6mm QFN package.  These package options give end customers a range of options for mounting the controllers on flex modules and/or directly on a printed circuit board with minimal area impact.  The new devices also support input voltages from 1.7V to 3.6V, enabling very low power consumption for battery operated devices.

Cypress has shipped millions of TrueTouch touchscreen controllers to date. The company was the first to introduce multi-touch all-point functionality and this proven technology has been in mass production since 2008.

The TMA300 family will support a range of new features including low-cost 3mm passive stylus input, proximity detection that enables ear/face/palm rejection, water proofing and a “hover” feature that meets the touch requirements for operating systems such as Symbian, Android, Windows Mobile and Windows7. In addition, the new devices offer Cypress’s legendary noise immunity with patented capacitive sensing technology that enables flawless operation in noisy RF and LCD environments.

The flexibility and best-in-class performance of the TrueTouch solution allow customers to rapidly develop leading-edge solutions without having to buy turnkey modules. They have a choice of using touch sensors (glass or film) and LCDs from preferred partners, and can develop innovative mechanical designs ranging from flat to curved surfaces of varying thickness. Based on customer feedback, these features are unique in the industry, and combined with the performance of the TMA300 family, give the Cypress solution dramatic advantages over competing offerings.

“Our new multi-touch all-point TrueTouch family has been designed-in to multiple platforms by top-tier manufacturers,” said Chris Seams, executive vice president of Sales and Marketing at Cypress. “Our customers continue to choose TrueTouch for its performance, flexibility and value.”

“Cypress’s new multi-touch touchscreen controllers deliver the industry’s fastest and most accurate tracking, and the excellent power consumption required by world-class consumer electronics devices,” said Norm Taffe, executive vice president of the Consumer and Computation Division at Cypress. “These improvements add to the TrueTouch architecture’s advantages of programmability and integration, as well as the flexibility to choose from a wide range of touchscreen module suppliers.”

Availability
The new multi-touch all-point TrueTouch family includes the CY8CTMA300E device with 32 Kbytes of Flash and the CY8CTMA301E device with 16 Kbytes of Flash. Both products are offered in 36- and 48-pin QFN packages, and the CY8CTMA300E is also offered in a tiny 49-pin chip-scale package. The devices have been sampling since early 2009 with leading OEMs and have already achieved multiple design wins. Volume ramp-ups with leading OEMs have already started. Development kits are available to select customers through Cypress sales. A high-resolution photo is available at www.cypress.com/go/pr/truetouch3photo. 

About TrueTouch
The PSoC-based TrueTouch solution employs proven Cypress capacitive sensing technology that has replaced over 3.5B mechanical buttons. TrueTouch solutions are targeted at consumer applications that require very low power, superior noise immunity, and tiny package options. TrueTouch programmability allows customers to build custom solutions that meet unique user interface requirements, including gesture-based functions. The solution works with various industrial materials such as glass and plastics, giving customers maximum flexibility to create sleek industrial designs. It also operates flawlessly in noisy environments with interference from RF and LCD noise sources.

Cypress's TrueTouch touchscreen solution is based on projected capacitive touchscreen technology, offering numerous benefits over resistive touchscreens. These advantages include optical clarity, durability, reliability and cost-effective implementation of multi-touch features.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. They include up to 32 Kbytes of Flash memory, 2 Kbytes of SRAM, an 8x8 multiplier with 32-bit accumulator, power and sleep monitoring circuits, and hardware I2C communications. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The flexible PSoC resources allow designers to future-proof their products by enabling firmware-based changes during design, validation, production, and in the field. The unique PSoC flexibility shortens design cycle time and allows for late-breaking feature enhancements. All PSoC devices are also dynamically reconfigurable, enabling designers to morph internal resources on-the-fly, utilizing fewer components to perform a given task. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, CapSense, West Bridge and EZ-USB are registered trademarks and TrueTouch, S8 and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SunPower's A-300 silicon solar cells-which generate 25-30 percent more power than conventional solar cells-were encapsulated between sheets of glass by Saint Gobain Glass Solar and integrated into the building's rounded south fa?ade.  The building also features solar panels on its southeast and southwest walls and roof.  The SunPower glass/glass modules will generate up to 1.8 kW of energy for the building.

"The new BioHaus building is an environmental showpiece, combining modern photovoltaic technology with advanced energy-saving design," said Peter Aschenbrenner, vice president of sales and marketing at Sun Power, Corp.   "SunPower's solar cells were selected not only for their outstanding area efficiency, but also due to their unique appearance.  Unlike conventional blue-tinted solar cells, SunPower's A-300 solar cells have a neutral near-black color favored by many architects.  In addition, the A-300's all-back contact design avoids the use of highly visible reflective metal interconnects between cells, further improving aesthetics."

"We see a clear trend toward more highly integrated BIPV systems because they allow the building envelope to actively reduce electrical consumption," said J?rn J?rgens, BIPV manager at SunPower Corp. "By integrating the world's most-efficient solar cells from Sun Power into an architecturally pleasing building design, BioHaus has shown that companies can enjoy the energy independence and environmental benefits of solar without sacrificing aesthetics." 

"The A-300 is truly the most unique solar cell I've ever used throughout more than 500 projects that I've been involved with," said Christof Erban, director of sales and marketing at Saint Gobain Glass Solar. "Not only does its performance and easy handling impress me, but its absolutely homogenous black velvet appearance fascinates me most.  I expect this cell to be very present in the building integration market as it combines the highest electrical performance with outstanding aesthetics."

About A-300 

SunPower's A-300 solar cell features a unique, all-back-contact design that maximizes working cell area, hides unsightly wires and simplifies automated production. The National Renewable Energy Laboratory (NREL) recently measured the A-300 solar cell's power efficiency at an industry-best 21.5 percent; where competing production cells typically measure in the 12- to 15-percent range.  The solar cell's low voltage-temperature coefficient, exceptional low-light performance and high sensitivity to light across the entire solar spectrum enable the A-300 to convert virtually every accessible photon into useable electricity, maximizing annual energy production.

About SunPower

SunPower-a majority-owned subsidiary of Cypress Semiconductor Corp." (NYSE: CY)-designs and manufactures high-performance silicon solar cells based on an interdigitated all-back-contact design. The company's initial products were put to use in a variety of high-performance applications, including the NASA-sponsored AeroVironment airplane, "Helios," that flew to a record altitude of 96,863 feet on August 13, 2001.  SunPower manufactures its high -performance A-300 solar cells in a new facility outside of Manila, the Philippines.  The company currently operates a 25 MW production line there, and is planning to ramp production to more than 100 MW.  For more information on SunPower or solar technology, please visit the SunPower website at http://www.sunpowercorp.com.

About Cypress

Cypress Semiconductor Corp." (NYSE: CY) is Connecting from Last Mile to First Mile(TM) with high-performance solutions for personal, network access, enterprise, metro switch and core communications-system applications. Cypress Connects(TM) using wireless, wireline, digital, and optical transmission standards, including USB, Fibre Channel, SONET/SDH, Gigabit Ethernet and DWDM. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers, and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at www.cypress.com. 

About Saint Gobain Glass Solar

Saint Gobain Glass Solar, founded in 1999 as a 100 percent subsidiary of Saint Gobain Deutsche Glass Corp., manufactures custom designed solar panels for building integration.  The patented Prosol(R) resin embedding technology provides the opportunity to combine solar cells with all the various building glass products the glass industry supplies.  Double functions of photovoltaic in combination with double glass, safety glass, sound protection and/or coated glass types are possible.  Well over 500 projects, mostly in North America, Europe and Asia made SGG Solar the world market leader in photovoltaic building integration.  For more detailed information, please contact Christof.Erban@Saint-Gobain.com.

# # #

Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. "Connecting from Last Mile to First Mile," and "Cypress Connects" are trademarks of Cypress.  SunPower is a trademark of SunPower Corp.  Prosol is a registered trademark of SGG Solar.  All other trademarks are the property of their respective owners.

In addition to meeting the stringent small-form-factor requirements of wireless micro-base stations and voice-over-internet protocol (VoIP) applications, the latest additions to the FLEx18 family offer pin-compatible density migration to future product generations, helping to ensure design optimization and reuse.

"The broadest, most robust dual-port portfolio in the business just got even better," said Dinesh Ramanathan, Product Marketing Director for Cypress's Data Communications Division. "Last month we announced that we are sampling the industry's highest-bandwidth devices, today the smallest package; this is just the beginning of an aggressive product rollout designed to meet the diverse requirements of our dual-port customers."

The FLEx18 family provides from 512 Kbits to 9 Mbits of synchronous, pipelined dual-ported memory. Configured as 32k, 64K, 128K, 256K or 512K x 18-bit-wide devices, the FLEx18 family provides up to 24 Gbps of bandwidth and allows for easy interface to wide buses.    Operating up to 167 MHz, they provide a synchronous SRAM interface to processors, DSPs, FPGAs and ASICs. The FLEx18 dual-port RAMS feature low operating voltage (3.3V) and low standby and dynamic power consumption. These devices include a full range of features such as separate byte enables, master reset, mailbox interrupts for port-to-port message-passing and an IEEE 1149.1-compatible JTAG interface for improved manufacturability.

Availability and Pricing
The FLEx18 family of devices are available in a 144-pin FBGA package running at speeds up to 167 MHz.

About Cypress
Cypress Semiconductor Corp." (NYSE: CY) is Connecting From Last Mile to First Mile(TM) with high-performance solutions for personal, network access, enterprise, metro switch and core communications-system applications. Cypress Connects(TM) using wireless, wireline, digital and optical transmission standards including USB, Fibre Channel, SONET/SDH, Gigabit Ethernet and DWDM. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at www.cypress.com.

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Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. FLEx18, "Connecting From Last Mile to First Mile" and "Cypress Connects" are trademarks of Cypress. All other trademarks are the property of their respective owners.

The announcement of this year's inductees was made yesterday evening at SVEC's annual open house event, held at the Semiconductor Equipment and Materials International (SEMI) trade association headquarters in San Jose.  Other inductees include Dr. Douglas Engelbart, inventor of the computer mouse; Mr. Kenneth Levy, chairman of KLA-Tencor Corp.; Dr. Dan Maydan, president emeritus of Applied Materials, Inc.; and Dr. David Patterson, professor of computer science at U.C. Berkeley.

  "T.J. Rodgers single-handedly developed VMOS technology as a student and has been a particularly articulate advocate of Silicon Valley's entrepreneurial economy who still keeps technically current, despite his position," said Dr. Sam David Haddad, a consulting professor of engineering at Stanford University and chairman of the SVEC Hall of Fame and Awards Committee.  "It is fitting that he should be elected by the SVEC board to join this elite group of industry pioneers."

T.J. Rodgers graduated from Dartmouth College with undergraduate degrees in chemistry and physics in 1970.  He later earned his masters and doctorate degrees in electrical engineering from Stanford University, where he invented and patented VMOS technology.  Rodgers established Cypress in 1982 as a supplier of memory and logic chips.  Since then the company's technology portfolio has vastly expanded under his leadership to include a wide array of silicon-based technologies for consumer, computing and mobile devices; data and wireless networks; and energy and automotive applications.  Cypress also has established four subsidiary businesses which are developing MRAMs, solar cells, programmable mixed signal arrays and optical devices, respectively.  In addition to running Cypress, Rodgers has become a voice for capitalism and free markets over the years, speaking on such topics as the elimination of corporate subsidies, the preservation of stock options and outsourcing.  He is also an ardent supporter of local philanthropies, including the Second Harvest Food Bank of Santa Clara and San Mateo Counties, for which his company has won the Corporate Food Bowl Challenge over each of the past twelve years.

Since 1990, the Silicon Valley Engineering Hall of Fame has been recognizing the accomplishments of engineers in Silicon Valley who have demonstrated outstanding professional achievement and have made significant contributions to the community.  The 48 inductees that have been named to the Hall of Fame make up a "Who's-Who" of technology industry pioneers, including HP founders William Hewlett and David Packard; Intel Corp. founders Robert N. Noyce and Gordon E. Moore; and Apple Computer founder Steve Wozniak.

Photo

Click here to download a photo of T.J." Rodgers.

About SVEC

Founded in 1989, the Silicon Valley Engineering Council is a non-profit educational organization dedicated to coordinating activities and assisting communications among engineering societies throughout Silicon Valley.  Through its efforts, the SVEC sponsors educational activities and promotes the career development of engineers and other technical professionals and serves to increase the public's understanding of the impact of engineering and science in enhancing the quality of life.

About Cypress

Cypress Semiconductor Corporation (NYSE: CY) is Connecting from Last Mile to First Mile(TM) with high-performance solutions for personal, network access, enterprise, metro switch, and core communications-system applications." Cypress Connects(TM) using wireless, wireline, digital, and optical transmission standards, including USB, Fibre Channel, SONET/SDH, Gigabit Ethernet, and DWDM. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers, and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions, and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at www.cypress.com. 

# # #

Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation.  "Connecting from Last Mile to First Mile," and "Cypress Connects," are trademarks of Cypress.  All other trademarks ar ethe property of their respective owners.

Soft errors are caused by alpha particles, terrestrial cosmic rays and thermal neutrons that spontaneously flip bits of stored data in a memory or logic chip, resulting in system crashes and network failure. At various altitudes and rates, cosmic rays can corrupt data within a chip, leading to overall electronic malfunctions. Awareness of soft errors can play a substantial role in memory chip invention and production.

The SER problem first gained widespread attention as a memory data issue in the late 1970s, when DRAMs began to show signs of random failures. As process technologies have continued to shrink, the critical charge required to cause a soft error has stayed relatively constant while the charge collection area in memory cells has decreased much faster. As a result, more mitigation techniques are required to ensure acceptable soft error rate levels, particularly in large systems, where the use of memory devices is steadily increasing. The first to market with 90nm-scale devices, Cypress has taken the lead in collecting and testing data about this random phenomenon, locating the sources of SER and creating effective solutions to diminish the wide-ranging problem. Solutions proposed in the book include manufacturing process changes, circuit hardening, design redundancies and system-level modifications.

About the Authors

James. F. Ziegler holds bachelors, masters and Ph.D. degrees in physics from Yale University. Mr. Ziegler worked at IBM for more than 30 years before joining the U.S. Naval Academy in Annapolis, MD, where he currently teaches science to electrical engineers. His 1979 paper suggesting that cosmic rays were a substantial contributor to electronic reliability has become the benchmark in the analysis of system reliability of terrestrial electronics. Dr. Ziegler is a fellow of the IEEE and the American Physical Society. He is the author or editor of 18 scientific books and a myriad of technical articles. He holds 16 U.S. patents.

Helmut Puchner earned his Ph.D. degree in Electrical Engineering from the Technical University of Vienna, Austria. He joined Cypress in 2002 where he now leads a team responsible for transistor development, device reliability, simulation, and compact modeling. His research on SER over the past seven years has resulted in promising soft error mitigation techniques for CMOS technologies. Dr. Puchner is a senior member of the IEEE and has published more than 40 papers and holds 17 U.S. patents.

Distribution and Availability

"SER-History, Trends, and Challenges: A Guide for Designing with Memory ICs" is available today and priced starting at $25 per book. To purchase your copy, click on "Online Store." Other books published by Cypress include "Perfect Timing: A Design Guide for Clock Generation and Distribution" and "The VHDL Programmable Logic Textbook."

About Cypress

Cypress Semiconductor Corp." (NYSE: CY) is Connecting from Last Mile to First Mile(TM) with high-performance solutions for personal, network access, enterprise, metro switch and core communications-system applications. Cypress Connects(TM) using wireless, wireline, digital, and optical transmission standards, including USB, Fibre Channel, SONET/SDH, Gigabit Ethernet and DWDM. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at http://www.cypress.com.

# # #

Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corp. "Connecting From Last Mile to First Mile "and "Cypress Connects" are trademarks of Cypress. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., August 17, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that its PSoC®-based CapSense® capacitive touch-sensing solution has been selected to power the controls of a new microwave oven from Midea, a leading home appliance manufacturer in China. The CapSense solution delivers reliable operation for 13 buttons and one slider, employing the industry’s most robust RF noise-immunity and a specialized, adaptive algorithm to filter noise from disruptive microwave radiation. CapSense’s flexible programmable system-on-chip architecture enabled Midea’s designers to implement LED control and I2C communication with the same CapSense device - a capability called CapSense Plus™.

Midea’s new TW025LC7-BR microwave also functions as a barbeque and steam-cooker. The appliance’s steam-cooking method minimizes the loss of nutrients. The microwave is easy-to-clean, energy efficient and durable, leveraging the proven water-resistance of CapSense controls. The touch-sensing controls also add to the appliance’s smart looks and efficient operation. 

“As the established leader in touch-sensing, Cypress’s capacitive sensing methods are several generations ahead of competing products,” said Gokul Krishnan, Director of Marketing for the User Interface Business Unit at Cypress. “This technical advantage is manifested in features such as robust immunity to water and radiation and the ability to integrate additional functions. This makes CapSense the ideal solution for leading white goods manufacturers such as Midea.”

“CapSense enabled us to achieve the reliable performance and stylish design we wanted for our new microwave,” said Yao Long, project manager at Midea. “Additionally, Cypress helped speed our time to market with easy-to-use tools, testing firmware and outstanding design support.”

A high-resolution photo of Midea’s TW025LC7-BR microwave is available at www.cypress.com/go/pr/photo/mideamw.

About CapSense
Cypress's CapSense Touch-Sensing solution has replaced 3.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the industry touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water tolerant capacitive touch-sensing interfaces, including proximity sensing where direct touch is not required. CapSense proximity sensing, with its industry leading detection range up to 25 cm, provides power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Based on the PSoC programmable system-on-chip architecture and the PSoC Designer™ Embedded-System Design Tool, users complete CapSense designs quickly and easily using pre-configured and verified "user modules" and real-time sensor tuning and monitoring. Learn more about CapSense online at www.cypress.com/go/capsense.

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. They include up to 32 Kbytes of Flash memory, 2 Kbytes of SRAM, an 8x8 multiplier with 32-bit accumulator, power and sleep monitoring circuits, and hardware I2C communications. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The flexible PSoC resources allow designers to future-proof their products by enabling firmware-based changes during design, validation, production, and in the field. The unique PSoC flexibility shortens design cycle time and allows for late-breaking feature enhancements. All PSoC devices are also dynamically reconfigurable, enabling designers to morph internal resources on-the-fly, utilizing fewer components to perform a given task. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Media Group
Midea Group is one of the largest household appliance production and export companies in China. For more information, visit http://global.midea.com.cn.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, CapSense, PSoC, West Bridge and EZ-USB are registered trademarks and CapSense Plus, PSoC Designer and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., August 11, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that the European Union’s trademark registry, the Office for Harmonization in the Internal Market (OHIM), ruled that Quantum Research Group acted “contrary to honest practices in commercial matters” by trying to “impede” Cypress’s attempt to register its CapSense® trademark in the EU. The OHIM declared Quantum’s registration of the CapSense mark in the EU invalid and ordered the company to bear the costs incurred by Cypress in its application to cancel Quantum’s trademark.

Until it was acquired last year by San Jose, Calif.-based Atmel Corp., Quantum was one of Cypress’s competitors in the market for capacitive touch-sensing products. CapSense is the brand name and trademark of Cypress’s industry-leading touch solution.

The OHIM further ruled that Quantum had prior knowledge of Cypress’s use of the CapSense product name in the UK and other countries when Quantum registered the mark in 2007. The OHIM described the Quantum tactic as a “blocking” registration.

“What Quantum/Atmel couldn’t win with their technology in the marketplace, they tried to obtain by unscrupulous means, manipulating the trademark system to prevent Cypress from using its own well-established commercial brand and superior intellectual property,” said Cypress President and CEO T.J. Rodgers. “We applaud the court for its decision, enforcing standards of common sense and fairness in the resolution of this case.”

Cypress is the industry’s touch-sensing leader; its CapSense touch-sensing solution has replaced 3.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch. The latest addition to Cypress’s touch-sensing portfolio, its TrueTouch™ solution, allows customers to design end products with LCD displays that incorporate gesture-based functions, including multi-touch gesture and multi-touch all-point solutions (the ability to track up to 10 touches simultaneously). TrueTouch works with industrial materials such as glass and plastics, giving customers maximum flexibility to create stylish, innovative industrial designs.

CapSense and TrueTouch are based on Cypress’s PSoC® programmable system-on-chip solution, a highly configurable architecture for embedded control design, integrating configurable analog and digital circuits with memory and an on-chip microcontroller. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, CapSense, PSoC, West Bridge and EZ-USB are registered trademarks, and TrueTouch and CyFi are trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., August 10, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in USB, today announced the new enCoRe™ V Full-Speed USB peripheral microcontrollers (MCUs) and enCoRe V LV (Low Voltage) wireless MCUs. The new highly-integrated families offer up to 32 KB of Flash memory, three 16-bit timers and up to 36 general purpose I/Os (GPIOs) to accommodate enhanced multimedia features in human interface devices (HIDs). Cypress also introduced the CY3660 enCoRe V / LV Development Kit, which shortens the design time of laser mice, gaming controllers and keyboards, wireless dongles, remote controls, mobile handset accessories and Point-of-Sales devices.

The in-system reprogrammable enCoRe V and enCoRe V LV MCUs provide design flexibility with a 10-bit ADC, Flash memory with EEPROM emulation, and small form-factor packages. The enCoRe V devices also include eight USB endpoints. The enCoRe V LV family operates in the full range of 1.7V to 3.6V, with low power consumption for prolonged battery life in wireless applications, especially when paired with Cypress’s low-power WirelessUSB™ LP 2.4-GHz radio. All enCoRe MCUs include Cypress’s patented crystal-less oscillator and integrated pull-up resistor to reduce component count and BOM cost.

“The enCoRe V and enCoRe V LV families address the growing trend in PC peripheral systems to include enhanced features that require more memory, more I/Os and full-speed USB,” said Carl Brasek, director of HID Solutions in the USB Business Unit at Cypress. “Cypress has shipped over one billion USB controllers, and we’re committed to maintaining our leadership position by introducing innovative products with unparalleled support.”

The CY3660 enCoRe V / LV Development Kit includes an In-Circuit Emulator (ICE) that works in conjunction with actual silicon to provide an accurate and efficient development system. License-free PSoC Designer™ software included with the kit consists of a graphical user interface, assembler, C compiler, and a linker and debugger for a highly integrated code development environment. Pre-configured code to implement standard-compliant Full-Speed USB and other peripherals simplifies design and shortens development time.

The CY3660 development kit includes:
• Two DVK Boards (enCoRe V and enCoRe V LV development boards)
• Two WirelessUSB LP Radio Modules
• Two 12V Power Supplies and a USB Type A to Mini-B Cable
• PSoC MiniProg for programming the onboard On-Chip-Debugger chips
• LCD Module for data display and prototyping
• PSoC Designer software development tool with complete set of user modules
• Four firmware examples with complete source code.

About the enCoRe Family
Cypress's enCoRe (enhanced component reduction) USB technology features a crystal-less oscillator, ending the need for an external crystal or resonator. Cypress has also integrated other external components commonly found in USB applications, including pull-up resistors, wake-up circuitry, and a 3.3V regulator. This integration results in shorter development cycles and lower system costs. In addition, the enCoRe family offers a Flash-based design that enables storage of wireless binding parameters as well as in-system reprogrammability and EEPROM emulation.

Availability and Photo
The enCoRe V and enCoRe V LV MCUs are currently sampling with production expected in the third quarter of 2009. The CY7C643XX enCoRe V devices and the CY7C604XX enCoRe V LV devices are available in 16-, 32-, and 48-pin QFN packages. The CY3660 enCoRe V / LV Development Kit is available from the Cypress eShop at www.cypress.com for US$399. For a high-resolution photo of the devices, visit www.cypress.com/go/PR/photo/enCoReV.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks, and enCoRe, WirelessUSB, PSoC Designer and CyFi are trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., August 7, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that its Senior Vice President of Finance and Treasurer, Neil Weiss, will be making a presentation at the Morgan Keegan Technology Conference to discuss Cypress’s financial and strategic outlook. 

SAN JOSE, Calif., July 24, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that Executive Vice President of Finance and Administration and Chief Financial Officer, Brad Buss, will be presenting at the Third Annual Capstone Investment Small-Cap Investor Conference in Milwaukee to discuss Cypress’s financial and strategic outlook. The presentation will be held at 1:00 p.m. Central Time at the Hyatt Regency Hotel, 333 West Kilbourn Avenue in Milwaukee.

The presentation will be available live and on-demand through Cypress’s website at: http://www.cypress.com/investors. The webcast will be archived for two weeks.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

• Q2 results exceeded guidance and Street consensus
• Revenue increased 12% sequentially
• Fab utilization increased to 59%; inventory dollars decreased 10%
• Generated positive free cash flow ahead of plan
• TrueTouch(TM) design wins and revenue continued to exceed expectations

 
Cypress recorded a GAAP net loss of $45.3 million in the 2009 second quarter, or a diluted net loss per share of $0.32. This compares with last quarter's diluted net loss per share of $0.66 and diluted earnings per share in the year-ago second quarter of $0.10.
 
Non-GAAP1 net loss for the 2009 second quarter-excluding stock-based compensation, acquisition-related charges, restructuring and other special charges and credits-totaled $3.8 million, or a diluted net loss per share of $0.03. That compares with non-GAAP1 diluted net loss per share of $0.22 for the prior quarter and diluted earnings per share of $0.12 for the year-ago second quarter.
 
Cypress President and CEO T.J. Rodgers said, "Cypress's CCD and DCD divisions reported better-than-expected Q2 revenue, enabling us to exceed the upper end of our guidance and Street expectations. Second-quarter revenue grew 12% sequentially driven by our programmable products. CCD grew 20% sequentially based on strong customer demand for our PSoC(R) and USB products. Our proprietary products continued to generate significant new design wins, particularly in the handset market; TrueTouch-our new product for touchscreens-more than doubled in revenue quarter-on-quarter.
 
"Gross margins surpassed our guidance due to higher factory utilization and strong cost savings and benefited from a favorable product mix. We decreased our inventory by 10% sequentially and realized an additional 9% reduction in distributor inventory dollars.
 
"Our book-to-bill ended Q2 at 1.28 with all divisions above unity," Rodgers said. "Ordering patterns have begun to stabilize, leading to increased backlog. Our Q2 backlog grew 51% quarter-on-quarter to $184 million.
 
"The macro environment seems to have stabilized but longer term visibility continues to remain limited and we remain cautiously optimistic on the pace of the economic recovery. We are projecting that we will have above-average seasonal revenue growth in Q3. We continued to aggressively manage our cost structure and generated positive free cash flow in Q2. Our balance sheet is solid with $280 million in cash and investments and limited debt of $28 million that will mature in Q3. Significant new product design wins, coupled with tight-fisted financial management, position us to drive revenue and leveraged earnings growth."

BUSINESS REVIEW

Non-GAAP1 consolidated gross margin for the second quarter was 44.2%, up 9.5 percentage points from the previous quarter due mainly to increased factory utilization (still only 59%), better product mix and continued cost reductions.
 
Net inventory decreased by 10% sequentially, the fourth straight quarterly decrease as the company reduced inventory to meet current demand requirements. Distributor inventory decreased by 9% sequentially, the third straight quarterly decrease.
 
On a GAAP basis, second-quarter consolidated gross margin was 36.7%, up 12.3 percentage points from the previous quarter due mainly to increased factory utilization, better product mix, continued cost reductions and lower stock-based compensation charges.
 
Operating expenses on a non-GAAP1 basis were $74.7 million, down 19% from the year-ago quarter as a result of the ongoing cost-reduction program.
 
Cash and investments increased by $22 million; we generated positive operating and free cash flow-both ahead of plan.
 
Additional second-quarter data and comparisons relevant to Cypress's business units are presented below:

SAN JOSE, Calif., July 16, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that Samsung Electronics Company Ltd. has selected the TrueTouch™ solution from Cypress to implement the touchscreen in the new I8910 mobile phone. The I8910, also known as the OMNIAHD, lets users “Touch the HD Brilliance” of the world’s first phone with 720P high-definition video recording and super vivid 3.7” AMOLED display.

Samsung selected the TrueTouch solution based on its fast response time, gesture support and character recognition capabilities that enable the I8910’s outstanding multimedia player and fast internet browsing.

In addition to the TrueTouch touchscreen, the I8910 employs a Cypress MoBL® dual-port as an interconnect between the application and baseband processors, increasing multimedia and computing performance and lowering system power in the new phone.

“The I8910 is a prime example of the exceptional value that Cypress adds to world-class handsets,” said Christopher Seams, executive vice president of sales and marketing for Cypress. “From TrueTouch touchscreens and CapSense® button replacement to MoBL interconnects and West Bridge® controllers, Cypress solutions help manufacturers differentiate their offerings with improved functions, performance and style.”

According to Samsung, Cypress’s TrueTouch and MoBL dual-port solutions gave the company the ability to go beyond the competition with new features and functions that customers are excited to use.

About TrueTouch
The PSoC®-based TrueTouch solution employs proven Cypress capacitive sensing technology that has replaced over 3.5B mechanical buttons. TrueTouch products are targeted at consumer applications that require very low power, superior noise immunity, and tiny package options. TrueTouch programmability allows customers to build custom solutions that meet unique user interface requirements, including gesture-based functions. TrueTouch works with various industrial materials such as glass and plastics, giving customers maximum flexibility to create sleek industrial designs. It also operates flawlessly in noisy environments with interference from RF and LCD noise sources.

Cypress's TrueTouch touchscreen solution is based on projected capacitive touchscreen technology, offering numerous benefits over touchscreens based on resistive technology. These advantages include optical clarity, durability, reliability and cost-effective implementation of multi-touch features. The TrueTouch family is the industry's broadest touchscreen offering, including single-touch, multi-touch gesture, and multi-touch all-point solutions (the ability to track up to 10 simultaneous touches).

Because of the flexible and programmable TrueTouch architecture, customers can also choose to work with a wide variety of touchscreen vendors and/or LCD module vendors to create their designs. Other touchscreen solutions are not programmable and require designers to implement a fixed solution with limited materials choices. The TrueTouch solution also enables designers to integrate additional functions such as driving LEDs, backlight control and I/O expansion. These functions, in conjunction with flexible communication options (I2C and SPI), allow for unparalleled system integration for touchscreen systems. Additional information about the TrueTouch solution is available at www.cypress.com/go/TrueTouch. 

About the MoBL Dual-Port Interconnect Family
Today's mobile handsets include advanced features such as the ability to record video, play music, send multimedia messages and deliver 3D games. These handsets also face the challenge of newer faster wireless standards and increased OS functionalities. Many manufacturers have adopted a multi-processor system architecture to address the increased processing demands created by these functions. Members of the MoBL dual-port interconnect family are designed with two independent SRAM interfaces to allow processors to exchange data efficiently, enabling the baseband and application subsystems to evolve independent of each other. Each subsystem can be self-contained with minimal software design effort for interprocessor communication.

About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), a wholly owned subsidiary of Samsung Electronics Co., Ltd., markets a broad range of award-winning, advanced digital consumer electronics and home appliance products, including HDTVs, home theater systems, MP3 players, refrigerators and laundry machines. A recognized innovation leader in consumer electronics design and technology, Samsung is the HDTV market leader in the U.S. and is the only manufacturer that produces all four major digital television technologies. Please visit www.samsung.com for more information.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo, PSoC, MoBL, CapSense, West Bridge and EZ-USB are registered trademarks and CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., July 15, 2009 – Cypress Semiconductor Corp. (NYSE: CY) and Immersion Corporation (NASDAQ:IMMR) today announced that Cypress has licensed Immersion’s patented TouchSense® haptic (touch feedback) technology to deliver integrated touch-sensing solutions with tactile feedback. Cypress will integrate this technology with its TrueTouch™ touchscreen and CapSense® capacitive touch solutions to improve the user experience in mobile phones, GPS systems, keyboards, white goods and other systems. Products employing this technology will be available immediately for selected OEMs and via broader product roll-out toward the end of this year.

Haptics, also known as touch feedback, delivers a tactile confirmation to users when input to a system via a touchscreen, slider, touchpad, or other digital interface. Cypress’s unique PSoC® architecture offers the flexibility to add haptics to TrueTouch and CapSense solutions. PSoC also enables devices to perform additional functions such as driving LEDs and controlling backlights.

“User interfaces are one of the most important ways to differentiate products and add value to consumers,” said Dhwani Vyas, vice president of Cypress’s User Interface Solutions. “Integrating haptics into our TrueTouch and CapSense offerings allows us to offer customers a richer experience with touch and haptic feedback.  We are pleased to be working with Immersion, which is the leading innovator in this space.”

“We are pleased that Cypress, the leader in touch sensing, will deliver Immersion’s TouchSense technology to provide the industry’s first integrated controller with touch feedback,” said Craig Vachon, senior vice president and general manager of Immersion’s Touch Business. “We expect Cypress’s new products to increase penetration of haptics into a wide range of products and revolutionize the user experience.”

About TrueTouch
The TrueTouch solution is based on proven Cypress capacitive sensing technology that has replaced over 3.5B mechanical buttons. TrueTouch products are targeted at consumer applications that require very low power, superior noise immunity, and tiny package options. The TrueTouch programmability allows customers to build custom solutions that meet unique user interface requirements, including gesture-based functions. TrueTouch works with various industrial materials such as glass and plastics, giving customers maximum flexibility to create sleek industrial designs. In addition, customers can also choose to work with a wide variety of touchscreen vendors and/or LCD module vendors to create their designs. Other touchscreen solutions are not programmable and require designers to implement a fixed solution with limited materials choices.

Cypress's TrueTouch touchscreen solution is based on projected capacitive touchscreen technology, offering numerous benefits over touchscreens based on resistive technology. These advantages include optical clarity, durability, reliability and cost-effective implementation of multi-touch features. TrueTouch also operates flawlessly in noisy environments with interference from RF and LCD noise sources. The TrueTouch family, based on the PSoC® programmable system-on-chip architecture, is the industry's broadest touchscreen offering, including single-touch, multi-touch gesture, and multi-touch all-point solutions (the ability to track up to 10 simultaneous touches).

Based on the flexible PSoC® programmable system-on-chip architecture, the TrueTouch solution also enables designers to integrate additional functions such as driving LEDs, backlight control and I/O expansion. These functions, in conjunction with flexible communication options (I2C and SPI), allow for unparalleled system integration for touchscreen systems. Additional information is available at www.cypress.com/go/TrueTouch.

About CapSense
Cypress's CapSense Touch-Sensing solution has replaced 2.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the industry touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water tolerant capacitive touch-sensing interfaces, including proximity sensing where direct touch is not required. CapSense proximity sensing, with its industry leading detection range up to 25 cm, provides power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Based on the PSoC programmable system-on-chip architecture and the PSoC Designer™ Embedded-System Design Tool, users complete CapSense designs quickly and easily using pre-configured and verified "user modules" and real-time sensor tuning and monitoring. Learn more about CapSense online at www.cypress.com/go/capsense.

About TouchSense Technology
Immersion's TouchSense touch feedback technology more fully involves the sense of touch to make the user experience with digital and medical devices more efficient, intuitive, safer and more accurate. TouchSense solutions for medical device controls, programmable rotary technology, touchscreens, touch panels, touch surfaces, and handheld products incorporate numerous proprietary mechanical, electrical, software, and firmware technologies. Immersion can also assist partners with development and integration, making it faster and easier to realize the many benefits of touch feedback.

About Immersion (www.immersion.com)
Haptic (touch) technology is the future of user experience in digital devices. Founded in 1993, Immersion harnesses human touch to create user experiences that deliver a more compelling sense of the digital world. Using one of Immersion's adaptable high fidelity haptic systems, partners can achieve a competitive advantage and greater revenue opportunities with products that are more intuitive, satisfying, efficient, and safe. With Immersion technology, world-class companies can deliver improved user experiences in products such as widely popular video games, leading video console gaming systems, advanced automotive driver controls, and award-winning mobile phones. Immersion manufactures its own line of medical simulators that incorporate touch technology. These virtual reality training tools, installed around the world, enable practitioners to improve their practice of sophisticated life-saving surgical procedures prior to operating on patients. With over 700 issued or pending patents in the U.S. and other countries, Immersion is the leading innovator in touch-enabled user experiences that bring the digital universe to life.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Forward-looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Immersion Corporation, Cypress Semiconductor Corporation or their respective consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements.

All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including the statement regarding plans to integrate Immersion's technology with Cypress products, the statements regarding timing of availability of Cypress products employing Immersion technology, the statement that haptics allows Cypress to offer customers a more integrated experience with touch and haptics feedback, the statement that Immersion expects Cypress’s new products to increase penetration of haptics into a wide range of products, and any statement or assumptions underlying any of the foregoing. Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersion’s or Cypress’s business, which include, but are not limited to, unanticipated flaws or defects in the Immersion’s or Cypress’s products, unanticipated difficulties in the implementation of haptics in Cypress’s products, the effects of the current macroeconomic climate, delay in or failure to achieve commercial demand for Immersion’s products or a delay in or failure to achieve the acceptance of force feedback as a critical user experience.

For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in Immersion’s and Cypress’s most current Form 10-Q or other periodic reports, which are on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release attributable to Immersion or Cypress, respectively, reflect that Company’s management’s beliefs and predictions as of the date of this release.  Immersion and Cypress each disclaim any obligation to update such forward-looking statements as a result of financial, business, or any other developments occurring after the date of this release.

 
Cypress, the Cypress logo, CapSense, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi and TrueTouch are trademarks of Cypress Semiconductor Corp. Immersion, the Immersion logo and TouchSense are trademarks of Immersion Corporation. All other trademarks are property of their owners.

IMMR – T

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The HP Photosmart C4600 All-in-One Series is a versatile, intuitive printing system that makes at-home scanning, copying and printing simple and convenient. It prints up to 29 pages per minute, scans at up to 1200 x 2400 dpi and can deliver up to nine copies per minute. Its 1.45-inch LCD color graphics display is surrounded by the CapSense-enabled TouchSmart buttons.

“HP is the world leader in printing, and we’re very excited to be included in a great product such as the HP Photosmart C4600,” said Dhwani Vyas, vice president of the User Interface Business Unit at Cypress. “CapSense offers superior specifications in a number of areas, including robust line noise immunity. That technical superiority is making CapSense the solution of choice for all types of systems, from mobile handsets and consumer electronics to white goods, PCs and printers.”

“As we move to make printing more intuitive, the Cypress CapSense solution helped us achieve some important goals with the HP C4600 All-in-One,” said Tuan Tran, vice president for Inkjet Consumer Solutions in the Imaging and Printing Group at HP. “The TouchSmart control panel provides our customers with an easy-to-use, stylish interface that allows them to browse, edit and print photos with the touch of a finger.”

About CapSense
Cypress's CapSense Touch-Sensing solution has replaced 2.5 billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the industry touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water tolerant capacitive touch-sensing interfaces, including proximity sensing where direct touch is not required. CapSense proximity sensing, with its industry leading detection range up to 25 cm, provides power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Based on the PSoC programmable system-on-chip architecture and the PSoC Designer™ Embedded-System Design Tool, users complete CapSense designs quickly and easily using pre-configured and verified "user modules" and real-time sensor tuning and monitoring. Learn more about CapSense online at www.cypress.com/go/capsense. 

PSoC -- Because Change Happens
PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. They include up to 32 Kbytes of Flash memory, 2 Kbytes of SRAM, an 8x8 multiplier with 32-bit accumulator, power and sleep monitoring circuits, and hardware I2C communications. A single PSoC device can integrate as many as 100 peripheral functions saving customers design time, board space and power consumption while improving system quality and reducing system cost.

The flexible PSoC resources allow designers to future-proof their products by enabling firmware-based changes during design, validation, production, and in the field. The unique PSoC flexibility shortens design cycle time and allows for late-breaking feature enhancements. All PSoC devices are also dynamically reconfigurable, enabling designers to morph internal resources on-the-fly, utilizing fewer components to perform a given task. More information about PSoC products is available at www.cypress.com/psoc and free online training is at www.cypress.com/psoctraining.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, CapSense, PSoC, West Bridge and EZ-USB are registered trademarks and CyFi and PSoC Designer are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., July 14, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that the TrueTouch™ touchscreen solution from Cypress implements the new waterproof touchscreen for the KDDI Sportio water beat mobile phone. The new phone, manufactured by Sharp Communication Systems Group, has a 3-inch touchscreen with brilliant colors, and integrates a water resistive feature equivalent to IPX5/7*.

The Sportio water beat is oriented towards active users, with a small size and weight along with applications geared towards fitness, golf and other outdoor activities using both GPS and accelerometer technologies. The new phone also offers rich entertainment capabilities such as one-segment digital TV, a 3.2-megapixel camera and an audio player.

Cypress’s TrueTouch family, based on the PSoC® programmable system-on-chip architecture, includes single-touch, multi-touch and “multi-touch all-point” offerings. The multi-touch all-point solution can track up to 10 simultaneous touches, a feature unmatched by competing products. The Cypress TrueTouch solution also enables the industry’s best water rejection, as shown by the Sportio water beat phone. In addition, TrueTouch is the industry’s most flexible touchscreen solution, as the unique PSoC architecture allows designers to implement differentiated features and make last-minute design iterations without board changes. With the TrueTouch architecture, customers can choose to work with a wide variety of touchscreen vendors and/or LCD module vendors to create their designs. Additional information about the TrueTouch solution is available at http://www.cypress.com/go/pr/TrueTouch.

"The Sportio water beat is an amazing product and we are happy to see TrueTouch technology contribute to its rich feature set,” said Norm Taffe, executive vice president of Cypress’s Consumer and Computation Division. “Our waterproof technology is one of many features that set TrueTouch apart from competitive offerings.”

“The TrueTouch solution continues to grow in popularity among leading Japanese companies,” said Hitoshi Yoshizawa, Japan country manager for Cypress. “The unmatched flexibility and performance of TrueTouch along with our excellent local technical support staff offer customers the best choice for implementing touchscreens.”

About TrueTouch
Touchscreens have become the user interface of choice for many applications. Touchscreen technology addresses the conflicting demands for smaller products with larger displays by eliminating traditional buttons without sacrificing screen size. They also enable users to manipulate new functions easily and intuitively by interacting directly with content on the screen.

Cypress’s TrueTouch devices support projected capacitive touchscreens, which offer numerous benefits over touchscreens based on resistive technology. These advantages include optical clarity, durability, reliability and cost-effective implementation of multi-touch features. The TrueTouch family is the industry’s broadest touchscreen offering, including single-touch, multi-touch gesture, and multi-touch all-point solutions.

Based on the flexible PSoC architecture, the TrueTouch solution enables designers to integrate additional functions such as driving LEDs, backlight control and I/O expansion. These functions, in conjunction with flexible communication options (I2C and SPI), allow for unparalleled system integration for touchscreen systems. Additional information about the TrueTouch solution is available at www.cypress.com/TrueTouch.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

* IPX5/IPX7 Standard defined by International Electrotechnical Commission:
(IPX5) The phone will not fail when it is subjected to a 3 minute burst of water spouting from various directions, using a 6.3mm diameter nozzle, at a rate of around 12.5 liters per minute, for more than 3 minutes.
(IPX7) The phone will not fail and no water will enter inside the phone unit when it is placed in a tank filled with ordinary tap water, to a depth of 1m, at normal room temperature, for around 30 minutes.

# # # 

Cypress, the Cypress logo and PSoC are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., July 13, 2009 – Cypress Semiconductor Corp. (NYSE: CY), the market leader in USB, today announced that it has shipped over one billion USB controllers.  Cypress entered the USB market in 1996 with the goal of “Making USB Universal®” and has since become the leading USB device supplier in a wide variety of applications.  Cypress offers the industry’s most complete portfolio of USB devices, including low-, full-, and high-speed controllers, embedded hosts, hubs, application specific bridges, transceivers and wireless solutions. 

Fueled by consumer demand in USB-enabled applications such as PC peripherals, consumer electronics and mobile handsets, and augmented by increasing usage in industrial and automotive applications, Cypress has shipped more than 500 million USB devices since 2005.

Cypress’s well established portfolio includes enCoRe™ and EZ-USB® USB controllers, West Bridge® peripheral controllers and WirelessUSB™ 2.4-GHz radios. Cypress’s hallmark USB device, the EZ-USB FX2 controller, continues to provide unparalleled flexibility to customers seeking to add USB to new applications.

“With media consumption continuing to grow and SuperSpeed USB on the way, our customers continue to turn to Cypress as the leader in USB,” said Cypress President and CEO T.J. Rodgers. “We were the first supplier to provide high-volume, flexible USB controllers, blazing the trail that led to USB adoption in products everywhere. We intend to maintain our leadership with new and innovative USB solutions.”

“With its established portfolio and robust customer support, Cypress is well positioned to maintain a strong position in USB,” said Brian O’Rourke, principal analyst at In-Stat. “We project the overall market for USB-enabled devices to grow to over four billion devices by 2013, driven mainly by its adoption across a broad range of PC and consumer electronics applications.”

“Cypress earned its market leadership position in USB’s first decade by building a broad portfolio of products around customers’ needs for PC peripherals applications,” said Alakesh Chetia, vice president of the USB business unit at Cypress. “In the present, our newest MoBL-USB™ and West Bridge products are bringing USB to mobile phones, and we offer devices optimized for automotive and industrial applications. We are committed to extending our leadership in the future with introductions of new technologies such as USB 3.0.”

Cypress also provides the industry’s most comprehensive USB software support, reference designs and driver suites. This “whole product” support enables customers to bring USB-enabled products to market faster and has helped to forge long-lasting relationships with leading manufacturers worldwide.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, Making USB Universal, West Bridge and EZ-USB are registered trademarks and enCoRe, WirelessUSB, MoBL-USB and CyFi are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., June 29, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced the appointment of Mr. Rajeev Mehtani as Senior Vice President of India Operations. In his new role, Mehtani, who has more than 23 years of experience in the industry, will be responsible for managing and growing India operations.

Mr. Mehtani joins Cypress from NXP Semiconductors where he was the vice president and country manager for India. He previously held a wide variety of positions at NXP and Philips Semiconductors, including design engineering, corporate marketing and managing business units.

"I am truly excited to be a part of Cypress India,” said Mehtani. “Cypress is unique in that we have much more than R & D in India.  A significant portion of global business management, as well as corporate and strategic marketing operations are based in India, offering an opportunity to impact the strategic direction of the company. In addition, our broad programmable product offering is well positioned to serve the growing Indian product design market, and we look forward to intensifying our sales efforts in India".

"Rajeev brings with him a wealth of knowledge and experience in all areas of development and business unit management,” said Paul Keswick, executive vice president of New Product Development at Cypress.” India is extremely important to the future growth and success of Cypress, and we are excited to have attracted a top industry talent for this position.”

Photo
A high-resolution photo of Rajeev Mehtani can be downloaded at www.cypress.com/go/Mehtani.

About Cypress India
Cypress started operations in India in 1995. It acquired a local telecom product design firm in 1999 and Lara Networks in 2001, adding a product engineering and testing division to its Indian arm. Cypress has since grown to over 500 employees spread across three locations in Bangalore, Hyderabad and Chennai. It has product engineering, testing and characterization, applications engineering, corporate strategic marketing, divisional marketing and R & D teams in India. Half of Cypress’s worldwide design engineers are based out of India.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo and PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., June 25, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced its 65-nm 72-Mbit QDRII SRAMs support the new NFP-32xx family of Network Flow Processors™ from Netronome Systems, a leading developer of highly programmable semiconductor products that provide intelligent and secure flow processing for virtualized servers and network equipment. The low latency and high memory transaction rate of Cypress’s 65-nm devices enable algorithm-based network flow processing using the NFP-32xx. The combination provides an efficient platform to enable the convergence of servers and networking in next generation unified computing architectures. The NFP-32xx is the first merchant silicon to remove performance barriers in unified computing architectures by integrating high-performance networking, security processing and I/O virtualization with general-purpose computing.

Cypress QDRII SRAMs interface with the existing Intel® IXP28XX network processor. The NFP-32xx is the only line of processors backward-compatible with the market-leading IXP28XX, creating a smooth transition for continued support. Additionally, backward-compatibility with the IXP28XX protects customers’ immense investment in field-proven and network-hardened software. The 65-nm SRAMs also allow the NFP-32xx to fully utilize the LA-1 interface for latency critical applications in switches, routers, wireless infrastructure and more.
 
Cypress’s QDR SRAMs are the industry’s first 65-nm devices to ship in volume. The 72-Mbit SRAMs feature the market’s fastest available clock speed of 550 MHz and a total data rate of 80 Gbps in a 36-bit I/O width QDRII device, using half the power of 90-nm SRAMs. They are ideal for networking applications, including Internet core and edge routers, fixed and modular Ethernet switches, 3G base stations and secure routers, and also enhance the performance of medical imaging and military signal processing systems. The devices are pin compatible with 90-nm SRAMs, enabling networking customers to increase performance and port density while maintaining the same board layout.

“Cypress is currently supporting Netronome with technical support and simulation models, and we are committed to providing long-term product support,” said Bruce Barbara, marketing director for synchronous memory products at Cypress. “The combination of the NFP-32xx processor and our 65-nm QDRII SRAMs is ideal for latency-critical applications.”

“We are delighted that Cypress’s QDRII SRAMs will provide support for Netronome’s NFP to allow technology interoperability between the two solutions,” said Mike Benson, senior vice president of Platform Engineering at Netronome. “With this collaboration, Netronome and its partners, like Cypress, can provide confidence to shared customers so that they can build quality products with both devices working productively together.”

Compared with their 90-nm predecessors, Cypress’s 65-nm QDR SRAMs lower input and output capacitance by 60 percent. Cypress’s QDRII and DDRII devices have On-Die Termination (ODT), which improves signal integrity, reduces system cost and saves board space by eliminating external termination resistors. The 65-nm devices use a Phase Locked Loop (PLL) instead of a Delay Locked Loop (DLL), which enables a 35 percent wider data valid window to reduce development time and cost for the customer.

About Netronome Systems
Netronome is a leading developer of highly programmable semiconductor products that are used for intelligent flow processing in network and communications devices. Netronome’s solutions include network flow processors and acceleration cards that scale to more than 20Gbps. They are used in carrier-grade and enterprise-class communications products that require deep packet inspection, flow analysis, content processing, virtualization and security. Netronome is headquartered in Pittsburgh, PA, with core operations in San Jose, CA and Boxborough, MA, and international locations in the United Kingdom, China and South Africa. To learn more about Netronome and its products, please visit www.netronome.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, PSoC, West Bridge and EZ-USB are registered trademarks, and CyFi is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SAN JOSE, Calif., June 24, 2009 – Cypress Semiconductor Corp. (NYSE: CY) today announced that its online solutions library now offers more than 150 design elements addressing a wide range of applications and functions. Users have now performed over 20,000 downloads of design elements from the site. The Cypress Solutions Library website is a free resource of Intellectual Property (IP) that can be easily replicated for quick, effective design with Cypress’s flexible, programmable PSoC® architecture, as well as for designs using Cypress’s USB and CyFi™ low-power RF technologies. The library can be accessed from the “Solutions” tab on the Cypress company website or directly at www.cypress.com/solutions.

The Cypress Solutions Library website’s IP elements provide complete solutions for specific functions, including capacitive sensing, I2C, battery charging, motor control and both wired and wireless connectivity. IP is available in the library for applications including consumer electronics, automotive, white goods and others. IP elements come in various types: technical documents, software and/or firmware and complete designs that include documentation, software/firmware, schematics, layout files and videos of the solutions in action.

“We’re very pleased to see the enthusiastic response to this resource from our user base,” said Nelson Chow, Solution Center director for Cypress. “Designers are using this library to implement designs more quickly and easily. We are continuously posting new design elements to add more value to the site.”

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

# # #

Cypress, the Cypress logo and PSoC, West Bridge and EZ-USB are registered trademarks and CyFi is a trademark of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SAN JOSE, Calif., June 23, 2009 - Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NYSE:CY), today announced that its Wireless Pneumatic Thermostat (WPT) has won in the Smart Devices category at the fifth annual Buildy Awards. The WPT was nominated for its implementation in buildings for the County of Santa Clara, California.

The majority of commercial buildings in use today have stand-alone pneumatic thermostats that require manual operation. The WPT brings “smart” communication to these thermostats via a non-disruptive installation in under 20 minutes, providing an automated method to cut air-conditioning or heating during peak periods. This relieves strain on the electrical grid and reduces demand during periods of high usage – a key goal of Smart Grid implementation.  

Commercial buildings account for almost half of the base electricity consumption and about 60% of the peak load in California. PG&E, a California utility, pays cash incentives for customers who can reduce load during peak periods as part of their Auto Demand Response program. Santa Clara County operates many pneumatically controlled buildings and needed to retrofit two specific buildings with newer smart digital controls in order to participate in PG&E’s incentive program. Using conventional technology would have cost over $880,000 and required at least six months to install - much too costly and disruptive. Using Cypress Envirosystems’ WPT, the County retrofitted 350 thermostats in eight days at a total project cost of only $175,000.

“There are over 60 million pneumatic thermostats still in use in older buildings today,” said Harry Sim, CEO of Cypress Envirosystems. “Santa Clara County’s implementation is a great example of how older buildings previously considered too expensive to upgrade for Smart Grid deployment can now be retrofitted to deliver significant peak load reduction and energy savings.  We are pleased to have other counties and organizations following the County’s lead.”

Santa Clara County received over $300,000 in incentives from PG&E for enrolling in the Auto Demand Response Program at 19 facilities with over 1.5 million square feet in total. These incentives helped pay for 100% of the cost of installing the WPT. In turn, the County can now better track and manage energy use.

“We are delighted to see Cypress Envirosystems honored with a Buildy Award for their innovative technology,” said Dave Kronberg, Interim Director, Facilities and Fleet Department, County of Santa Clara. “Our implementation project was one of the easiest, fastest and most cost effective energy efficiency improvements we have ever made in our buildings.”

Since 2004, the Buildy Awards have been presented to leaders, visionaries and implementers of smart devices and smart systems in the context of commercial buildings, residential, energy management and smart grid and related applications. For more information visit: www.connectivityweek.com.

About the Wireless Pneumatic Thermostat
The patent pending Wireless Pneumatic Thermostat (WPT) retrofits existing pneumatic thermostats to deliver direct digital control (DDC) functionality in minutes. Compared with a cost of $2,500 or more per zone for implementing DDC systems, the WPT costs less than 20% as much, and it may be installed in under 20 minutes with minimal disruption of occupants. It enables remote temperature sensing and control of setpoints, programmable zone control and night setback, automatic self-calibration, BACnet integration with existing automation systems, and enables use with utility Demand Response programs. It uses the Open-ADR communications standard developed by Lawrence Berkeley National Laboratories.

Cypress Envirosystems solutions employ Cypress Semiconductor Corp. products, including 2.4-GHz wireless radios and intelligent PSoC® programmable system-on-chip. Cypress is an industry leader in low-power, energy-efficient products.

About Cypress Envirosystems Corporation
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NYSE: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.cypressenvirosystems.com.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® programmable system-on-chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity technologies ranging from its CyFi™ Low-Power RF solution, to West Bridge® and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, and industrial. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

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Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo and PSoC are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

• Revenue of $165 million to $180 million, which is down sequentially 19% to 26% from our seasonally high 2008 third-quarter revenue of $222.7 million.

•  Non-GAAP gross margin of 41% to 45%, which is down mainly due to significantly lower factory utilization and the resulting higher percentage of fixed costs as we are cutting wafer starts in order to proactively manage inventory.

• Non-GAAP operating expenses of $85 million to $87 million before any impact from the valuation of our deferred compensation plan. We have taken substantial steps to reduce our expenses, including significant headcount reductions in all areas, and expect to have lower operating expenses in fiscal 2009 vs. fiscal 2008, even as we rollout substantial new products to drive our proprietary and programmable revenues for 2009 and beyond.

• Weighted average basic share count is estimated to be between 147 million to 148 million and is lower due to the repurchase of 14 million shares this quarter. Due to the estimated loss in the quarter, all employee equity awards and the convertible debt are expected to be anti-dilutive.

•  Non-GAAP fully diluted loss per share of ($0.03) to ($0.12).

• the instability of the global economy and tight credit markets which could continue to adversely impact our business in several respects including adversely impacting credit quality and insolvency risk for our customers, bookings, reductions and deferrals of demand for our products, weakening credit quality or potential insolvency of our business partners including suppliers, distributors and financial counter-parties, reduced consumer and business spending, volatility and potential losses in our investments, illiquidity of our cash reserves and investments, and difficulty predicting revenue and operating results for the current and future periods;
• risks of significant charges to our earnings as a result of inventory write-downs, impairment of long-lived assets or restructuring activities;
• competition and cyclical demand conditions in the semiconductor industries we compete in and challenges we face in reducing our fixed and other costs in response to declines in revenue;
• our ability to attain our gross margins, which could vary significantly from expectations based on changes in revenue levels, product mix and pricing, capacity utilization, excess or obsolete inventory, variations in inventory valuation, manufacturing yields and impairments of long-lived assets;
• our ability to sufficiently utilize our manufacturing, assembly/test and other operations which bear significant fixed costs;
• whether the demand for our programmable portfolio of products, including especially our PSoC, True Touch and West Bridge products, is fully realized;
• our ability to convert our PSoC marketing and education initiatives into product sales;
• our ability to achieve customer acceptance of Cypress and its subsidiaries' products as evidenced by design wins;
• our ability to realize our bookings;
• seasonality in the markets we serve;
• the global nature of our business which exposes us to risks of adverse economic, social, political and physical/infrastructure conditions in numerous countries in which Cypress, our customers, our suppliers and our other business partners operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, governmental failures or insolvencies, health concerns and fluctuations in currency exchange rates;
• our ability to successfully implement various Oracle-based tools, including but not limited to, an order management system for revenue reporting and a warehouse management system for inventory reporting; and
• other risks described in our filings with the Securities and Exchange Commission.

Conference Call to be Webcast at: http://www.cypress.com/investors

SAN JOSE, Calif., October 10, 2005 - Cypress Semiconductor Corp." (NYSE: CY) will announce its third-quarter 2005 earnings in a conference call on Thursday, October 20 at 8:30 a.m. Pacific Daylight Time (PDT). 

All interested parties are requested to contact 408-943-2113 no later than October 17, 2005 to reserve a position for the quarterly conference call. The event also will be broadcast over the Internet and can be accessed through Cypress's web site at http://www.cypress.com/investors. The archived presentation will be available for one week immediately following the event.

Full text of the press release and supplemental financial information will be made available on First Call and the Cypress web site on the morning of the conference call.

About Cypress

Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power." Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

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Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

SUNNYVALE, Calif., August 25, 2005 - SunPower Corporation announced today that it has filed with the Securities and Exchange Commission a registration statement relating to the proposed initial public offering of shares of its class A common stock. The filing provides for an offering of up to $100 million of common stock, plus an option granted to the underwriters to purchase up to an additional $15 million to cover over-allotments, if any. All shares are being offered by SunPower Corporation except those shares which will be offered by certain selling stockholders in the event the underwriters exercise their over-allotment option. The shares will be offered by an underwriting group managed by joint bookrunners Credit Suisse First Boston LLC and Lehman Brothers, Inc. and co-managers SG Cowen & Co., LLC and First Albany Capital, Inc.
SunPower Corporation, headquartered in Sunnyvale, Calif., designs, manufactures and sells solar electric power products.
A preliminary prospectus relating to these securities is not currently available. When available, a preliminary prospectus may be obtained from Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY, 10010 (telephone: 212.325.2580 or fax: 212.325.8057) and Lehman Brothers Inc., c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY, 11717, Email: monica_castillo@adp.com or Fax (631) 254-7268.

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A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.