Cypress Expands Its Patent Infringement Complaint vs. GSI Technology Inc. To Include Synchronous, ZBT & Proprietary SRAM Prod...

Cypress Semiconductor Corp. (NASDAQ:CY) today reported that as a result of the discovery phase of its litigation with GSI, the accused products list was expanded in the ongoing ITC action to include GSI’s standard Synchronous and ZBT SRAMs. In addition, in a filing with the International Trade Commission (ITC) on Nov 21, 2011, a proprietary product made by GSI for its largest customer was also added to the suit. The new additions to the ITC action were added to the original complaint filed with the ITC in June 2011, which also alleges infringement by GSI’s SigmaQuad-II™, SigmaQuad-III™ and SigmaDDR™ SRAM families of four Cypress SRAM patents. The Cypress complaint seeks an exclusion order from the ITC that would prevent the importation of all infringing GSI SRAMs.

In recent weeks, Cypress has released from its ITC action several companies originally named as importers of GSI memory products incorporated into their products. These companies have agreed to terms acceptable to Cypress with respect to ending the importation of the products named in the ITC.

“We continue to seek an immediate end to the importation of GSI products that infringe on Cypress’s intellectual property,” said Dana Nazarian, Executive Vice President of Cypress’s Memory Products Division. “The ITC trial is on schedule for March, and we expect to prevail.”

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.

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense, TrueTouch and West Bridge are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

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’ expected outcome of the pending ITC investigation and other future events and 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 actions of the Patent and Trademark Office 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.

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