Cypress Will Pursue District Court Claims Against GSI Following ITC Ruling | Cypress Semiconductor
Cypress Will Pursue District Court Claims Against GSI Following ITC Ruling
SAN JOSE, Calif., June 10, 2013 – Cypress Semiconductor Corp. (Nasdaq: CY) today affirmed that it will continue to defend its patents aggressively in the wake of the June 7th final determination by the International Trade Commission (ITC) that GSI does not infringe any of the four patents asserted by Cypress in the investigation (Inv. No. 337-TA-792).
“The ITC’s confirmation of the earlier ruling changes nothing,” said Dana Nazarian, Executive Vice President of the Memory Products Division at Cypress. “We remain steadfast in our conviction that GSI has violated our patents, and look forward to moving this fight to the district court where we can argue our case to a jury.”
Cypress intends to vigorously pursue its two pending district court lawsuits against GSI, which include three of the patents asserted in the ITC investigation and seven additional patents. Those cases are No. 11-cv-00789, filed March 30, 2011, before Judge Patrick J. Schiltz in the United States District Court for the District of Minnesota, and No. 13-cv-02013, filed May 1, 2013, before Judge Jon. S. Tigar in the United States District Court for the Northern District of California. Cypress has asserted that GSI’s SigmaQuad-II™, SigmaQuad-III™, SigmaDDR™, standard Synchronous, and NBT SRAMs infringe multiple Cypress patents.
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® 1, PSoC 3, PSoC 4, and PSoC 5 programmable system-on-chip families. Cypress is the world leader in capacitive user interface solutions including CapSense® touch sensing, TrueTouch® touchscreens, and trackpad solutions for notebook PCs and peripherals. Cypress is the world leader in USB controllers, which enhance connectivity and performance in a wide range of consumer and industrial products. Cypress is also the world leader in SRAM and nonvolatile RAM memories. Cypress serves numerous major 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 https://www.cypress.com.
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Cypress, the Cypress logo, PSoC, CapSense and TrueTouch 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 ITC investigation 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.