Cypress Launches Design Center in Hyderabad, India
SAN JOSE, Calif.--(BUSINESS WIRE)--June 19, 2003--Cypress
Semiconductor Corporation (NYSE:CY) today announced that it is
launching a state-of-the-art chip design center in Hyderabad, India.
The new site will complement Cypress's current Indian design center in
Bangalore.
Cypress currently operates 18 design centers in the U.S. and in
countries such as England, Ireland, Turkey and India. The new facility
is expected to be operational by year-end.
"The Hyderabad center will enable Cypress to tap into the city's
enormous engineering talent pool," said Paul Keswick, senior vice
president of Cypress's New Product Development (NPD) group. "Cypress's
philosophy on the development of new design resources has long been to
identify pockets of engineering expertise outside Silicon Valley and
to locate facilities nearby to draw upon that expertise. We have
successfully used that approach at international locations, such as
India and Ireland, and at locations in proximity to major U.S.
universities."
"In a recent feature article on emerging global cities, National
Geographic magazine described Hyderabad as the next Silicon Valley,"
Keswick said. "The Hyderabad site offers us the benefits of proximity
to our Bangalore facility and to other, major, India-based hardware
design and manufacturing companies, along with a fully developed
utilities, transportation and communications infrastructure."
"We are pleased that Cypress Semiconductor, a billion-dollar,
multinational design and manufacturing company, has chosen to
establish a state-of-the-art chip design center here," said Randeep
Sudan, special secretary to the chief minister and CEO of the Agency
for Promoting and Facilitating Investment in Remote Services and
Technology (APFIRST). "We look forward to an evolving, symbiotic
relationship with Cypress and to the challenge of supporting the
company in all its endeavors in Hyderabad."
In addition to its design facilities, Cypress has two chip
fabrication facilities in the U.S. in Minnesota and Texas, and a
state-of-the-art assembly-&-test plant near Cavite City in the
Philippines. Cypress's design facility in Bangalore currently has 116
employees working on designs for static random access memory (SRAM)
chips, framers, clocks and control-communications devices.
About Cypress
Cypress Semiconductor Corporation (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 programmable microcontrollers. More
information about Cypress is accessible online at www.cypress.com.
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.
"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,
including but not limited to: the effect of global economic
conditions, shifts in supply and demand, market acceptance, the impact
of competitive products and pricing, product development,
commercialization and technological difficulties, and capacity and
supply constraints. Please refer to Cypress's Securities and Exchange
Commission filings for a discussion of such risks.
CONTACT: Cypress
Paul Keswick, 408/232-4532
(VP New Product Development)
Joe McCarthy, 408/943-2902
(VP Corporate Communications)
