ITC to Review Initial Determination in Cypress - GSI SRAM Patent Infringement Case

  ITC to Review Initial Determination in Cypress - GSI SRAM Patent
  Infringement Case

   Commission to Review Entire Initial Determination Following Validity and
                            Enforceability Rulings

Business Wire

SAN JOSE, Calif. -- December 28, 2012

Cypress Semiconductor Corp. (NASDAQ: CY) today announced that the
International Trade Commission (ITC) has agreed to review the entire Initial
Determination issued by Chief Administrative Law Judge Charles E. Bullock in
the pending patent case between Cypress and GSI Technology. Cypress has
asserted that GSI SRAMs infringe multiple Cypress patents.

The Commission also remanded the case back to Judge Bullock for a ruling on
the validity and the enforceability of Cypress’s patents. After Judge Bullock
completes his ruling, the Commission will review his initial findings on
non-infringement as well as his rulings on validity and enforceability.

“We are pleased that the Commission has decided to review the judge’s initial
findings with respect to all four patents,” said T.J. Rodgers, Cypress’s
President and CEO. “We remain confident that our intellectual property is
being infringed and welcome further examination of the facts by the full
Commission.”

The ITC case in question is Investigation No. 337-TA-792. Cypress has asserted
that GSI’s SigmaQuad-II™, SigmaQuad-III™, SigmaDDR™, standard Synchronous, and
NBT SRAMs infringe Cypress patents.

Cypress has also filed a district court suit against GSI, and will continue to
vigorously pursue it. That case is No. 11-cv-00789, filed March 30, 2011,
before Judge Patrick J. Schiltz in the United States District Court for the
District of Minnesota.

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^® 1, PSoC 3, and PSoC 5
programmable system-on-chip families and derivatives, 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, PCs, and
tablets. Cypress is also the world leader in SRAM memories. 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.

Contact:

Cypress Semiconductor Corp.
Joe McCarthy,408-943-2902
Corporate Communications
jmy@cypress.com
 
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