Cypress Announces that Nokia Siemens Networks Has Been Released From ITC Complaint Regarding SRAM Patent Infringement by GSI Technology | Cypress Semiconductor
Cypress Announces that Nokia Siemens Networks Has Been Released From ITC Complaint Regarding SRAM Patent Infringement by GSI Technology
SAN JOSE, Calif., November 21, 2011 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it has come to terms with Nokia Siemens Networks on an agreement that will remove that company from Cypress’s complaint to the United States International Trade Commission (ITC) regarding the alleged infringement of Cypress’s SRAM patents by GSI Technology, Inc.
Cypress’s complaint seeks an exclusion order from the ITC that will prevent the importation of all infringing GSI SRAMs. The ITC action against GSI lists known importers of products that incorporate potentially infringing GSI SRAMs.
“We’re pleased to reach agreement with Nokia Siemens Networks on this matter, effectively removing another customer from this case,” said Dana Nazarian, Executive Vice President of Cypress’s Memory Products Division. “Our intention has never been to burden customers with this action. However, GSI Technology’s unwillingness to acknowledge and rectify its infringement of our intellectual property has left us with no alternative.
“Despite misleading reports to the contrary, the four Cypress patents that GSI has infringed are still valid and are proceeding for an expected ruling by the ITC in 2012,” Nazarian added. “Any actual ruling on the review of the two patents that are in re-exam with the United States Patent and Trademark Office isn't expected until 2013, long after the ITC case is decided. We firmly expect to see our patents re-affirmed by that process, but it will have no impact on this action in either case.”
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, TrueTouch and West Bridge are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding Cypress’ expected outcome of the pending patent re-examinations and other future events and expectations, each of which involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including the actions of the Patent and Trademark Office and other factors listed in Cypress’s most recent reports on Form 10-K, 10-Q and 8-K. The information above speaks only as of the date of this release.