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Dan McCranie to Join Cypress Board of Directors | Cypress Semiconductor

Dan McCranie to Join Cypress Board of Directors

Last Updated: June 15, 2009

Dan McCranie to Join Cypress Board of Directors

Industry Veteran and Former Cypress Executive to Replace John C. Lewis As a Member of the Cypress Board

SAN JOSE, Calif. - March 3, 2005 -- Cypress Semiconductor Corp. (NYSE: CY) today announced the appointment of Dan McCranie to its board of directors, effective immediately. McCranie, who served as Cypress's executive vice president of sales and marketing from 1993-2001, brings to his new role more than 35 years of experience in the high-tech industry, along with a wealth of board experience at other semiconductor companies.

McCranie will replace John C. Lewis, who has chosen not to seek re-election as a member of the Cypress board. Lewis will retire from all Cypress board activities on April 29, 2005, the date of Cypress's annual Shareholder Meeting.

"Dan McCranie's wealth of experience in the semiconductor industry, and his experience with Cypress's product marketing strategy and operations, make him an ideal addition to our board of directors," said T.J. Rodgers, Cypress president and CEO.

"Jack Lewis has been a great director who helped me run this company. I will miss him," Rodgers added. "We wish Jack all the best in his future endeavors."

McCranie currently serves as chairman of the board of ON Semiconductor, a provider of power and data management and standard semiconductor components; and Virage Logic, a leader in memory IP for complex integrated circuits. He is a member of the board of programmable logic supplier Actel Corp.

McCranie was previously chairman of the board of Xicor Inc., a manufacturer of programmable mixed-signal semiconductors. He has served on the boards of California Micro Devices and ASAT Holdings Limited.

Prior to his initial tenure with Cypress, McCranie was the chairman, president and CEO of SEEQ Technology, a supplier of mixed-signal data communications products. Before that, he held positions of increasing responsibility in management, engineering, and sales and marketing at Harris Corp., Advanced Micro Devices, American Microsystems and Philips Corp.

About Cypress
Cypress Semiconductor Corp. (NYSE: CY) develops 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, timing technology solutions, and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at"

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, among other things, the future prospects of Cypress, and our industry more generally, 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. 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.

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