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Cypress Semiconductor Licenses ARC International Technology in Partnership Deal
SAN JOSE, Calif.--(BUSINESS WIRE)--July 25, 2001--ARC
International plc (LSE: ARK), trading through its subsidiaries as ARC
Cores, has announced today that Cypress Semiconductor (NYSE: CY) has
licensed its ARCtangent(TM)-A4 processor in a corporate
multiple-license agreement to be implemented over the next five years.
Cypress plans to use the ARCtangent processor in a number of new
product designs, the first user being its Interface Products Division,
which designs and manufactures the industry's leading USB products.
Cypress will also take delivery of the ARCtangent-A5 when it becomes
available later this year; ARC announced the new instruction set
architecture for this processor earlier this month.
David Wooten, chief technology officer for Cypress's Interface
Products Division, said, ``We've identified a number of groups within
the company which could benefit from ARC's processor technology and
the tool chain from its MetaWare subsidiary. We evaluated the leading
RISC processor companies and found that ARC's configurable processor
approach is ideal for the wide range of applications that we are
contemplating. ARC is also extremely responsive to our product support
needs.''
Bob Terwilliger, president & CEO of ARC Cores, said, ``We are
pleased to announce Cypress as a licensee. The fact that we will be
working with them over the next few years demonstrates the level of
commitment we are getting from industry leaders to both our technology
and the company. We have over 50 customers developing systems on a
chip for wireless, networking and consumer electronics products.''
About Cypress
Cypress Semiconductor (NYSE: CY) 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's product portfolios include high-speed data communications
ICs; networking-optimized and micropower static RAMs; high-bandwidth
multi-port and FIFO memories; high-density programmable logic devices;
timing technology solutions; and controllers for Universal Serial Bus
(USB). More information about Cypress is available at
http://www.cypress.com.
About ARC International
ARC International plc is a leading developer of customizable,
high-performance microprocessor cores, including ARCtangent(tm), and
related intellectual property technology enabling designers to reduce
time to market for their system-on-a-chip products. Over 50 customers
use ARC's technology, including: BrightCom, Conexant Systems, Cypress
Semiconductor, Fujitsu Microelectronics, IBM, Infineon Technologies,
SanDisk, Texas Instruments and VTech Communications. Products
available based on ARC's technology include digital still cameras,
set-top boxes, and network processors.
MetaWare Inc., Precise Software Technologies Inc. and VAutomation
Inc. are wholly owned subsidiaries of ARC International, providing
software development tools, hardware and software intellectual
property and real-time operating systems for an integrated approach to
system on a chip development. ARC's third-party partners include
Cadence, Flextronics, Intrinsix, Synopsys, TSMC, UMC, Wind River and
Xilinx.
With headquarters in Elstree, England, ARC International plc and
its group companies employ approximately 300 people in research and
development, sales, and marketing offices across North America, Europe
and Israel. ARC International plc is listed on the London Stock
Exchange (LSE:ARK). The company's Web site is located at
www.arccores.com.
Statements made in this press release that are not historical
facts include forward-looking statements that involve risks and
uncertainties. Important factors that could cause actual results to
differ from those indicated by such forward-looking statements
include, among others, market acceptance of the ARC technology;
fluctuations in and unpredictability of the Company's quarterly
results; general economic and business conditions; regulatory policies
adopted by governmental authorities; assumptions regarding the
Company's future business strategy; changes in technology;
competition; ability to attract and retain qualified personnel; risks
associated with the Company's international operations; and other
uncertainties that are discussed in the ``Investment Considerations''
section of the Company's listing particulars dated 28 September 2000
filed with the United Kingdom Listing Authority and the Registrar of
Companies in England and Wales.
Note to Editors: ARC International (UK) Ltd. and ARC Cores, Inc.,
both of which are wholly owned subsidiaries of ARC International plc,
trade under the name of ARC Cores. ARC Cores, ARCtangent and ARCangel
are trademarks of ARC International (UK) Ltd.
``Driving the Communications Revolution'' is a trademark of Cypress
Semiconductor. All other brands or product names are the property of
their respective holders.
Contact:
ARC Cores Ltd.
Nitin Dahad, +44 (0) 20 8236 2800
Email: nitin.dahad@arccores.com
or
BW&A Public Relations
Vera Haire, 510/413-4994 ex: 103
Email: vera@bwapr.com
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