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CYPRESS SHIPS TEN-MILLIONTH USB
SAN JOSE, Calif., April 12, 1999 -- Cypress Semiconductor Corporation
(NYSE: CY) today announced that it has recently shipped its 10-millionth universal serial
bus (USB) microcontroller. Cypress has
achieved this milestone in only two years, having shipped its first microcontroller in Q1
1997. According to market research firm Cahners In-Stat (Scottsdale, Ariz.), Cypress has
shipped over 50% of all USB peripheral control devices, giving Cypress the leadership
position in this fast-growing market.
Developed by a consortium of leading technology companies, USB is an inexpensive
technology for connecting peripherals with personal computers. USB replaces all the
different kinds of serial and parallel port connectors with one standardized plug and port
combination. USB also provides "hot-swapping," so users can attach peripherals
without shutting down and restarting the PC. The PC automatically detects the peripheral
and configures the necessary software.
Cypress developed its RISC microcontroller line specifically for USB applications,
implementing specialized logic for the USB I/O functions. Cypress is therefore able to
offer full USB 1.1 compliance at low cost. Cypress is currently shipping devices at a rate
that will result in the company more than doubling shipments this year.
"The significance of this milestone is not only to point out the success that Cypress
has enjoyed," said Larry Morrell, director of marketing for Cypress Computer Products
Division. "It also clearly shows the rapid acceptance of USB in the marketplace. We
are positioned well to continue to grow our USB business with new families being readied
for introduction. We intend to maintain our leadership in this market."
Cypress Semiconductor Corporation, headquartered in San Jose, California, provides a broad
range of integrated circuits for leading computer, networking, and telecommunications
companies worldwide. Cypress's products include static RAM and specialty memories,
programmable logic devices (PLDs), data communications products, timing devices, and USB
microcontrollers. Its shares are listed on the New York Stock Exchange under the symbol
CY, and its web site is at http://www.cypress.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements herein that are not historical facts are "forward-looking
statements" involving risks and uncertainties. Please refer to Cypress's Securities
and Exchange Commission filings for a discussion of such risks.