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Cypress Announces Proposed IPO for SunPower | Cypress Semiconductor

Cypress Announces Proposed IPO for SunPower

Last Updated: June 15, 2009

Cypress Announces Proposed IPO for SunPower

SAN JOSE, Calif., July 21, 2005 - Cypress Semiconductor Corp. (NYSE: CY) today announced that it intends to make an initial public offering of the common stock of its silicon solar power subsidiary, SunPower Corporation. The offering is expected to commence in the fourth quarter of 2005, subject to SEC effectiveness and the receipt of all necessary state approvals.

This press release is being issued pursuant to Rule 135 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy SunPower common stock.

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

Statements herein that are not historical facts and that refer to Cypress or its subsidiary's plans and expectations for the future are forward-looking statements made pursuant to the safe harbor provisions of 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, including but not limited to the risk factors described in our filings with the Securities and Exchange Commission." We assume no responsibility to update any such forward-looking statements.

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Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation and SunPower is a registered trademark of SunPower Corporation. All other trademarks are the property of their respective owners.