Media and Analyst Alert: Cypress to Announce Fourth Quarter 2004 Results

Conference Call: Thursday, January 27, 2005, at 8:30 a.m. PST

SAN JOSE, Calif., January 18, 2005 - Cypress Semiconductor Corp. (NYSE: CY) will announce its fourth quarter 2004 earnings in a conference call on Thursday, January 27 at 8:30 a.m. Pacific Standard Time (PST). On the same day, a press release announcing the fourth quarter earnings will be transmitted to the news media before the New York Stock Exchange opens for trading.

To reserve a position on the quarterly conference call and receive the call telephone number, contact 408-943-2113, no later than January 26, 2005. The quarterly call will be broadcast live over the Internet and can be accessed through Cypress's web site at https://www.cypress.com/investors." An archive of the call will be available for one week immediately following the event. The full text of the press release and supplemental financial information will be available on First Call and on the Cypress web site.

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 configurable mixed-signal arrays. More information about Cypress is accessible online at https://www.cypress.com."

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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 are the property of their respective owners.