Cypress Will Pursue District Court Claims Against GSI Following ITC Ruling

  Cypress Will Pursue District Court Claims Against GSI Following ITC Ruling

Business Wire

SAN JOSE, Calif. -- June 10, 2013

Cypress Semiconductor Corp. (Nasdaq: CY) today affirmed that it will continue
to defend its patents aggressively in the wake of the June 7^th final
determination by the International Trade Commission (ITC) that GSI does not
infringe any of the four patents asserted by Cypress in the investigation
(Inv. No. 337-TA-792).

“The ITC’s confirmation of the earlier ruling changes nothing,” said Dana
Nazarian, Executive Vice President of the Memory Products Division at Cypress.
“We remain steadfast in our conviction that GSI has violated our patents, and
look forward to moving this fight to the district court where we can argue our
case to a jury.”

Cypress intends to vigorously pursue its two pending district court lawsuits
against GSI, which include three of the patents asserted in the ITC
investigation and seven additional patents. Those cases are No. 11-cv-00789,
filed March 30, 2011, before Judge Patrick J. Schiltz in the United States
District Court for the District of Minnesota, and No. 13-cv-02013, filed May
1, 2013, before Judge Jon. S. Tigar in the United States District Court for
the Northern District of California. Cypress has asserted that GSI’s
SigmaQuad-II™, SigmaQuad-III™, SigmaDDR™, standard Synchronous, and NBT SRAMs
infringe multiple Cypress patents.

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, PSoC 4, and PSoC 5
programmable system-on-chip families. Cypress is the world leader in
capacitive user interface solutions including CapSense^® touch sensing,
TrueTouch^® touchscreens, and trackpad solutions for notebook PCs and
peripherals. Cypress is the world leader in USB controllers, which enhance
connectivity and performance in a wide range of consumer and industrial
products. Cypress is also the world leader in SRAM and nonvolatile RAM
memories. Cypress serves numerous major 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, CapSense and TrueTouch 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:

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