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Last $14.11 USD
Change Today 0.00 / 0.00%
Volume 7.1M
CY On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

cypress semiconductor corp (CY) Snapshot

Open
$14.14
Previous Close
$14.11
Day High
$14.16
Day Low
$13.90
52 Week High
03/13/15 - $16.13
52 Week Low
10/15/14 - $7.92
Market Cap
4.5B
Average Volume 10 Days
8.9M
EPS TTM
$0.19
Shares Outstanding
320.5M
EX-Date
03/24/15
P/E TM
72.4x
Dividend
$0.44
Dividend Yield
3.12%
Current Stock Chart for CYPRESS SEMICONDUCTOR CORP (CY)

cypress semiconductor corp (CY) Related Businessweek News

No Related Businessweek News Found

cypress semiconductor corp (CY) Details

Cypress Semiconductor Corporation provides mixed-signal programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks. Its Data Communications division focuses on universal serial bus (USB) controllers, Bluetooth low energy and wirelessUSB solutions, and module based solutions for trackpads and other user interface applications used in PC and peripheral, industrial automation imaging, security camera, and consumer devices, such as mobile handsets and set-top boxes. The company’s Programmable Solutions division designs and develops programmable product offerings, including Programmable System-on-Chip (PSoC) devices used in various industrial applications, mass storage, household appliances, laptop computers, and toys; CapSense devices are used in applications that employ buttons or sliders, such as handsets and various other consumer, industrial, and automotive applications; TrueTouch touch-sensing/touch screen products used in mobile phones, tablets, e-readers, wearables, GPS, automobiles, digital cameras, and other mobile systems; and automotive products. Its Emerging Technology division provides wafer level chip scale packaging solutions and foundry services, as well as other development stage activities. The company sells its semiconductor products through distributors, manufacturing representative firms, and its sales force to original equipment manufacturers and manufacturers. It has a strategic foundry partnership with HuaHong Grace Semiconductor Manufacturing Corporation and United Microelectronics Corporation. The company was founded in 1982 and is headquartered in San Jose, California.

3,350 Employees
Last Reported Date: 02/17/15
Founded in 1982

cypress semiconductor corp (CY) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $268.6K
Executive Vice President of Memory Products D...
Total Annual Compensation: $278.9K
Executive Vice President of Data Communicatio...
Total Annual Compensation: $270.6K
Executive Vice President of Marketing, IT, Le...
Total Annual Compensation: $360.4K
Compensation as of Fiscal Year 2014.

cypress semiconductor corp (CY) Key Developments

Exablaze Selects Cypress's QDR-IV SRAM

Cypress's QDR-IV SRAM for its ExaLINK Fusion networking switch. The switch utilizes a modular design implemented using a Xilinx Ultrascale FPGA interfaced to a QDR-IV memory. The ExaLINK Fusion leverages Cypress's QDR-IV device running at 1066 MHz, which provides the Random Transaction Rate (RTR) of any memory on the market. RTR, the number of fully random memory accesses per second, is the critical memory performance metric for increased line card and switching rates. Leveraging the high RTR and low latency of Cypress QDR-IV SRAMs, the ExaLINK Fusion performs conventional layer 2 switching at 110 nanoseconds -- the industry's lowest latency, which represents a 2X to 3X improvement over the next best solution in the market. The platform uses two QDR-IV SRAMs per board for buffering and packet storage. QDR-IV SRAMs are the memory of choice for latency-sensitive applications within a variety of industries, including networking, FPGA-based trading platforms, high-performance computing and defense systems. The bottleneck for reaching increased line card rates is the processing of look-up tables, statistics and state counters stored in memory, as well as scheduling functions. QDR-IV devices deliver the RTR required to support these functions, enabling higher bandwidth and higher quality video streams. Cypress's QDR-IV SRAM is capable of operating in burst-of-two (High Performance) or banked burst-of-two (Xtreme Performance) modes, delivering the clock speeds and RTR of all QDR SRAMs The banked burst-of-two mode can be operated at a maximum frequency of 1,066 MHz with an RTR of 2,132 million transactions per second (MT/s), while the standard burst-of-two mode can be operated at a maximum frequency of 667 MHz and an RTR of 1,334 MT/s. Cypress offers QDR-IV SRAMs in 144- and 72-Mb densities. The 144-Mb CY7C41xxKV and 72-Mb CY7C40xxKV QDR-IV SRAMs are shipping in production quantities and are available in a 361-ball Flip Chip Ball Grid Array (FCBGA) package. QDR-IV SRAMs are the market's performance, standardized networking memories. QDR-IV was developed in the QDR consortium, whose members jointly define SRAM standards to enable multiple sources and supply stability.

Kyocera Selects Cypress's TrueTouch Capacitive Touchscreen Solution

Cypress Semiconductor Corp. announced that Kyocera has selected Cypress's TrueTouch capacitive touchscreen solution for its new, rugged DuraForce smartphone. The DuraForce is designed for active users to operate it in harsh environments where water, dust and other hazards are present. The Cypress-enabled, 4.5-inch touchscreen display allows users to make calls, check messages and email, take pictures and use other key features even if they are wearing thick gloves or the screen is wet. Kyocera chose Cypress's TrueTouch TMA445 controller for its ability to provide the touchscreen display with best-in-class tracking of fingers in gloves of various materials and thicknesses. The controller automatically switches between glove and finger tracking without requiring the user to switch settings. In addition, it provides water tolerance and immunity to electronic noise from aftermarket chargers and displays. TrueTouch features Cypress's patented DualSense(TM) technology that executes both self-capacitance and mutual-capacitance measurements in the same device. The result is the industry's best water rejection and wet finger tracking for seamless performance in real-world conditions, including the presence of rain, condensation or sweat. Additionally, DualSense technology delivers immunity to charger noise of up to 35V peak-to-peak (Vpp) from 1-500 kHz, with a 0.5-mm cover lens and a 9-mm-wide finger.

Cypress Semiconductor Corporation Announces Board Changes; Enters into Amendment and Restatement of Revolving Credit Facility Agreement; Adopts Amended and Restated Bylaws

Cypress Semiconductor Corporation entered into a Supplemental Indenture by and among Spansion LLC, Spansion Inc., Spansion Technology LLC. Pursuant to the terms of the Merger Agreement, effective as of the Effective Time, Messrs. James R. Long, J.D. Sherman and Robert Y. L. Mao resigned from the board of directors of Cypress and effective as of immediately after the Effective Time Messrs. John Kispert, Ray Bingham, O.C. Kwon and Michael S. Wishart, each a Spansion director prior to the Merger, were elected to the Board of Directors to serve until the next annual meeting of Cypress or until their successors have been duly elected and qualified. In addition, effective as of March 12, 2015, Ray Bingham was appointed the Chairman of the Board of Directors, John Kispert was appointed chairman of the Operations Committee of the Board of Directors, Ray Bingham was appointed chairman of the Nominating and Corporate Governance Committee of the Board of Directors, Steve Albrecht was appointed chairman of the Audit Committee of the Board of Directors and Eric Benhamou was appointed the chairman of the Compensation Committee of the Board of Directors. The company entered into an amendment and restatement agreement pursuant to which the Credit and Guaranty Agreement, dated as of June 26, 2012, by and among Cypress, the Guarantors, the lenders from time to time party thereto, Morgan Stanley Senior Funding Inc., as administrative agent and collateral agent, JPMorgan Chase Bank, N.A. and Silicon Valley Bank, as syndication agents, and Bank of America N.A., JPMorgan Chase Bank, N.A., Royal Bank of Canada, UBS Securities LLC and Union Bank N.A., as documentation agents, was amended and restated in its entirety. The Restated Credit Agreement provides for a $450,000,000 revolving credit facility. Cypress may request borrowings under the Revolving Credit Facility prior to March 12, 2020, on which date the Revolving Credit Facility terminates. The Restated Credit Agreement also contains an increase option permitting Cypress, subject to certain requirements, to arrange with the Lenders and/or new lenders for up to an aggregate of $250,000,000 in additional commitments, which commitments may be for revolving loans or term loans. The proceeds of the loans made under the Restated Credit Agreement may be used for working capital, acquisitions, stock re-purchases and general corporate purposes. As of March 12, 2015, $330.0 million aggregate principal amount of loans and letters of credit in an aggregate face amount of approximately $650,000 were outstanding under the Restated Credit Agreement. The obligations under the Restated Credit Agreement are guaranteed by certain present and future wholly-owned material domestic subsidiaries of Cypress (the Guarantors) and secured by a security interest in substantially all assets of Cypress and the Guarantors. The loans under the Revolving Credit Facility will bear interest, at Cypress' option, at an adjusted base rate plus a spread of 1.25%, or an adjusted LIBOR rate plus a spread of 2.25%. Cypress is also obligated to pay other customary closing fees, arrangement fees, commitment fees, administration fees and letter of credit fees for a credit facility of this size and type. On March 11, 2015, the Board of Directors adopted amended and restated bylaws (the Amended and Restated Bylaws) that became effective as of the Effective Time. The Amended and Restated Bylaws (i) integrate prior amendments to Cypress' bylaws; and (ii) fix the authorized number of directors on the Board of Directors to 8 members to permit certain of the former members of the board of directors of Spansion to join the Board of Directors in connection with the Merger.

 

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