Cypress Announces Expansion Underway to Triple Manufacturing Capacity for Leading TrueTouch™ Touchscreen Controller Family
January 05 2011 - 9:00AM
Business Wire
Cypress Semiconductor Corp. (Nasdaq: CY) today announced a
significant manufacturing capacity expansion for its rapidly
growing TrueTouch™ touchscreen controllers. Cypress’s Fab 4 in
Bloomington, Minnesota and Grace Semiconductor Manufacturing
Company, Cypress’s primary foundry partner, will triple 2011
capacity for the S8™ manufacturing process versus 2010 levels. The
expansions are on schedule, with the first additional capacity
expected to come on-line in Q1 2011, and full completion expected
in Q3 2011.
In addition to TrueTouch products, Cypress also manufactures its
PSoC® 3 and PSoC 5, CapSense and NVSRAM products on the S8 process.
Cypress's S8 process is based on 0.13-micron SONOS (Silicon Oxide
Nitride Oxide Silicon) embedded nonvolatile memory technology.
SONOS is highly compatible with standard CMOS technologies and
offers numerous advantages including high endurance, low power, and
radiation hardness. In addition, SONOS provides a more robust,
manufacturable and cost-effective solution compared to other
embedded non-volatile memory technologies.
“With a record number of design wins in high-volume mobile
phone, tablets and other large screen platforms, we’re moving
aggressively to ensure stable, ample and timely supply of our
TrueTouch products,” said Norm Taffe, executive vice president of
Cypress’s Consumer and Computation Division. “We’re also preparing
for our next-generation PSoC and CapSense products to grow this
year. This expansion gives our customers confidence that we can
handle steep ramps in demand for their hot new products.”
“This is an example of our flexible manufacturing strategy
working as planned,” said Shahin Sharifzadeh, executive vice
president of worldwide Manufacturing and Operations for Cypress.
“We can share the costs of this expansion while ensuring that we
have capacity in place to meet rapidly growing demand.”
About Cypress
Cypress delivers high-performance, mixed-signal, programmable
solutions that provide customers with rapid time-to-market and
exceptional system value. Cypress offerings include the flagship
PSoC® programmable system-on-chip families and derivatives such as
PowerPSoC® solutions for high-voltage and LED lighting
applications, CapSense® touch sensing and TrueTouch™ solutions for
touchscreens. Cypress is the world leader in USB controllers,
including the high-performance West Bridge® solution that enhances
connectivity and performance in multimedia handsets. Cypress is
also a leader in high-performance memories and programmable timing
devices. Cypress serves numerous markets including consumer, mobile
handsets, computation, data communications, automotive, industrial
and military. Cypress trades on the Nasdaq Global Select Market
under the ticker symbol CY. Visit Cypress online at
www.cypress.com.
This release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Litigation Reform Act of 1995. These forward-looking
statements include, among other things, statements regarding
Cypress’ intent to expand its manufacturing capacity, its design
wins, preparations for, and the expected growth of, its next
generation PSoC and CapSense products, and other future events and
financial expectations, each of which involve risks and
uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results due to a variety of factors,
including: the continued operations of our manufacturing partners,
the ability of Cypress to successfully execute its flexible
manufacturing strategy, business and economic conditions and growth
trends in the semiconductor industry and in various geographic
regions; variations in customer demand for products and services;
the timing of orders and manufacturing lead times; changes in
customer order patterns or customer mix; increased competition in
the semiconductor industry; dependence on the introduction and
market acceptance of new product offerings; rapid technological and
market change; manufacturing and sourcing risks; our ability to
manage financial risk; and other factors listed in Cypress’s most
recent reports on Form 10-K, 10-Q and 8-K. The information above
speaks only as of the date of this release.
Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense and West
Bridge are registered trademarks and TrueTouch and S8 are
trademarks of Cypress Semiconductor Corp. All other trademarks are
property of their owners.
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