Altera and Cypress Settle Lawsuit

SAN JOSE, Calif., April 18 /PRNewswire-FirstCall/ -- Altera Corporation (Nasdaq: ALTR - news) and Cypress Semiconductor Corporation (Nasdaq: CY - news) today announced they have settled the lawsuit brought by Cypress against Altera in June 2000 relating to Altera's acquisition of Right Track CAD Inc. The companies have agreed to release all claims against each other relating to Cypress's suit against Altera without any admission of liability. Terms of the settlement agreement are not being released.

About Altera

Altera Corporation is the world's pioneer in system-on-a-programmable-chip (SOPC) solutions. Combining programmable logic technology with software tools, intellectual property and technical services, Altera provides high-value programmable solutions to approximately 14,000 customers worldwide. More information is available at http://www.altera.com .

About Cypress

Cypress Semiconductor Corporation is "Driving the Communications Revolution"(TM) with high-performance integrated circuits for network infrastructure and access equipment. Leveraging its process and system-level expertise, the company designs and manufactures solutions targeted across wireless and wireline communications. Cypress supports a wide range of industry standards, such as SONET (OC-48, OC-192 and OC-768), Voice over Internet Protocol (VoIP), InfiniBand(TM) and Gigabit Ethernet. The company's communications product lines include programmable high-speed physical layer devices (PHYs), wirespeed network search engines (NSEs) and network coprocessors (NCPs), and datapath switching elements (DSEs). Cypress is also the industry's leader in communications timing solutions, networking-optimized communications memories and personal connectivity solutions, such as USB and Bluetooth.

Cypress is a leader in pure optical and optoelectronic technologies designed to push network transmissions to higher performance levels and to satisfy the increasing demand for network bandwidth. With a focus on emerging communications applications, Cypress aims to become the preferred silicon supplier for network infrastructure solutions and for every network data stream to pass through at least one Cypress IC.

Cypress employs 4,000 people worldwide. Its shares are listed on the New York Stock Exchange under the symbol CY. More information about Cypress is accessible on the Web at http://www.cypress.com .

NOTE: Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries. All other product or service names are the property of their respective holder.

Cypress Semiconductor Corporation and Cypress are registered trademarks of Cypress Semiconductor Corporation. "Driving the Communications Revolution" is a trademark of Cypress Semiconductor Corporation.

CONTACT: media, Anna del Rosario, +1-408-544-6397, or newsroom@altera.com, or investors, Scott Wylie, +1-408-544-7707, or inv_rel@altera.com, both of Altera Corporation; or media, Louie Yan, +1-408-943-2817, or lry@cypress.com, or investors, Emmanuel Hernandez, +1-408-943-2911, or eth@cypress.com, both of Cypress Semiconductor Corporation.