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Cypress Semiconductor Selects Global Factory's Solution for Collaborative Supply Chain Management
NEW YORK--(BUSINESS WIRE)--Dec. 12, 2000--eBusiness Expo: Global
Factory, Inc. (Santa Clara, California), a leading provider of
Collaborative Manufacturing Execution (CME) platform, today announced
that Cypress Semiconductor Corporation (NYSE:CY), has selected the
Global Factory Network solution to establish a web-based collaborative
connection with all of its suppliers. This solution will help Cypress
effectively manage its product cycle in real-time and hence improve
supply chain efficiencies resulting in improved delivery, shorter
turnaround time and reduced inventories. The Global Factory Network
will be used initially to enable collaboration with the suppliers, by
exchanging engineering and quality data, along with work-in-process
and order release information. Cypress will begin implementing the
solution immediately, as a member of the Global Factory Network.
``eCollaboration with our suppliers is a Cypress priority to
increase the efficiency of our supply chain, reduce cycle time, and
eventually improve customer service,'' said John Ramacciotti, Cypress's
Vice President of Procurement. ``Global Factory Network's solution fits
perfectly into our overall supply chain strategy - shortening our
links to our suppliers, our time to market and our time to
profitability.''
The Global Factory Network is a web-based collaboration platform
designed for easy field configuration and rapid, low risk
implementation. The CME platform allows all parties of the supply
chain to collaborate in real-time through the Global Factory Network
hub. The hosted application provides for sharing data on
manufacturing, engineering, quality, order-release and forecast
information, as if the partners were communicating within one extended
enterprise. Alerting and exception reporting are available for all
these features, enabling managers to focus on problem solving while
avoiding the hassle of reviewing the huge amount of data which
represents satisfactory performance and does not require immediate
reaction. Manufacturing service suppliers and their customers
subscribe to the Global Factory Network to communicate and obtain
critical information for successful operations management.
``Global Factory is proud to work with a market leader such as
Cypress Semiconductor and to have the opportunity to add value to
their supply chain management,'' commented Sharone Zehavi, Global
Factory President and CEO. ``Global Factory will continue to further
enhance its Collaborative Manufacturing Execution solution to address
the electronics industry needs. Manufacturing outsourcing is ever
increasing and managing it effectively is a major challenge. Our
business strategy supports easy entry of all parties in a supply chain
to enable global collaboration and achieve fast impact on
productivity, customer satisfaction and time-to-market. We look
forward to having all Cypress' supply chain partners - suppliers as
well as customers - become members of the Global Factory Network and
take advantage of the ease-of-implementation, fast adoption of the
application, and one month return on investment.''
About Cypress
Cypress Semiconductor is ``Driving the Communications
Revolution(TM)'' by providing high-performance integrated circuit
solutions to fast-growing markets, including data communications,
telecommunications, computation, consumer products, and industrial
control. With a focus on emerging communications applications,
Cypress' product portfolios include networking-optimized and
micropower static RAMs; high-bandwidth multi-port and FIFO memories;
high-density programmable logic devices; timing technology for PCs and
other digital systems; and controllers for Universal Serial Bus (USB).
Cypress is No. 1 in the USB and clock chip markets.
More than two-thirds of Cypress's sales come from fast-growing
communications markets and dynamic companies such as Alcatel, Cisco,
Ericsson, Lucent, Motorola, Nortel Networks, and 3Com. Cypress's
ability to mix and match its broad portfolio of intellectual property
enables targeted, integrated solutions for high-speed systems that
feed bandwidth-hungry Internet applications. Cypress aims to become
the preferred silicon supplier for Internet switching systems and for
every Internet data stream to pass through at least one Cypress IC.
Cypress employs more than 4,100 people worldwide with
international headquarters in San Jose, California. Its shares are
listed on the New York Stock Exchange under the symbol CY. More
information about Cypress is accessible electronically on the
company's worldwide Web site at http://www.cypress.com or by CD-ROM
(call 800/858-1810). An electronic investor forum, and other investor
information, is located at http://www.cypress.com/investor/index.html.
About Global Factory
Global Factory, based in Santa Clara, California, is leveraging
the Internet technology to create the Global Factory Network, a
web-based application for extended-enterprise collaboration. The
company provides its network members with a seamless and secure
cross-enterprise operations management solution. The Global Factory
Network is the first Collaborative Manufacturing Execution platform.
Subscribing to the Global Factory Network enables manufacturing
suppliers and customers to communicate production status, forecast and
loading visibility, delivery schedule and other operations management
information. All parties in a collaborative manufacturing chain can
operate as if communicating from within one enterprise. The Global
Factory Network is subscription-based for affordability and is field
configurable for rapid and low risk implementation.
Global Factory was founded in 1999.
Contact:
Global Factory Inc,
Tsipi Landen, 408/551-6459
tsipi@globalfactory.net
http://www.globalfactory.net
or
Cypress Semiconductor
John Donovan, 408/943-4885
jdi@cypress.com
http://www.cypress.com
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