Cypress to Expand Design Center in Hyderabad, India; Company Will Add New Lab, Equipment and Engineers to Support Expanded Design Focus
HYDERABAD, India & SAN JOSE, Calif.—(BUSINESS WIRE)—Sept. 23, 2004—
Cypress Semiconductor Corp. (NYSE:CY) today announced a
$2 million plan to expand its year-old semiconductor design center in
Hyderabad, India. The center, which has primarily designed network
search engines (NSEs) over the past year, will broaden its focus to
include next-generation NSEs, 90nm-scale logic devices and systems
engineering capabilities. Expansion plans involve the addition of a
silicon validation lab, equipment and engineering talent to support
these new functions.
Cypress currently operates 15 design centers across the U.S.,
Ireland, Turkey and India. The facility in Hyderabad is Cypress's
second in India, located about 400 miles northeast of its 175-employee
Bangalore design center, which specializes in USB chips, SRAMs,
framers and clocks. Cypress plans to add 33 engineers to its 17-person
Hyderabad team by the end of 2005.
"NSEs, used in high-speed networks, are a major growth area for
Cypress. We are a leading supplier and intend to build upon our strong
position in this space," said Narayana L. Pidugu, design center
manager of Cypress's Hyderabad design center. "This design center
expansion also gives us the opportunity to leverage local design
talent to support other fast-growing areas of Cypress's business."
"Many of the engineers who were involved in designing Cypress
products in the U.S. are now getting the opportunity to return home to
continue their work," said Nagendra Cherukupalli, senior director of
new product development at Cypress in the U.S. "Our business
philosophy is to grow our design centers where there is a large base
of highly skilled engineering talent."
In addition to its worldwide design facilities, Cypress operates
two chip fabrication facilities in the U.S. and a state-of-the-art
assembly-&-test plant near Cavite City in the Philippines.
About Cypress
Cypress Semiconductor Corp. (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 reconfigurable mixed-signal arrays.
More information about Cypress is accessible online at
http://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.
Contact:
Cypress Semiconductor
Narayana L. Pidugu, 91-40-2-378-2101 (Hyderabad Design
Center Manager)
Nagendra Cherukupalli, 408-456-1966 (Senior Director, New
Product Development)
Agnes Toan, 408-545-6909 (CorpCom Manager)
