Showing posts with label Cypress. Show all posts
Showing posts with label Cypress. Show all posts

Thursday, April 28, 2016

Cypress to Acquire Broadcom's Wireless IoT Unit for $550M

Cypress Semiconductor agreed to acquire Broadcom's Wireless Internet of Things (IoT) business and related assets for $550 million in cash. The deal includes Broadcom's Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.

Broadcom's IoT business unit, which employs approximately 430 people worldwide, generated $189 million in revenue during the last twelve months. The acquisition strengthens Cypress's position in key embedded systems markets, such as automotive and industrial, and establishes it as a leader in the high-growth consumer IoT market, a segment that includes wearable electronics and home automation solutions.

Broadcom said it plans to focus on its wireless connectivity solutions for the access and mobility segments that are not IoT related, including serving set-top box, wireless access, smartphone, laptop and notebook customers. Cypress will capitalize on the rapidly growing Wi-Fi and Bluetooth connectivity (17% per year1) markets in consumer, industrial and automotive IoT segments.

"Cypress is a significant player in the IoT today because of our ultra-low-power PSoC programmable system-on-chip technology, but we've only been able to pair it with generic radios so far. Now we have the highly regarded Broadcom IoT business—state-of-the-art Wi-Fi, Bluetooth and Zigbee RF technologies—that will transform us into a force in IoT and provide us with new market opportunities as well," Cypress President and CEO T.J. Rodgers said. "What we bring to the party is over 30,000 customers worldwide who need advanced, ultra-low-power wireless communication but only can absorb it in the form of an easy-to-use programmable embedded system solution."

http://investors.cypress.com/
http://www.broadcom.com

Monday, March 16, 2015

Cypress Completes Merger with Spansion

Cypress Semiconductor completed its previously announced merger with Spansion -- an all-stock deal valued at $5 billion.

The combined company, which will be headquartered in San Jose, California and called Cypress Semiconductor, will be a $2 billion global leader in microcontrollers and specialized memories for embedded systems. The original Cypress supplies programmable system-on-chip families for consumer, mobile handsets, computation, data communications, automotive, industrial and military applications. Spansion supplies flash memory, microcontrollers, analog and mixed-signal products used in a range of applications, from automotive electronics and industrial systems to highly interactive consumer devices.

"We closed this merger even more quickly than originally anticipated, accelerating our strategic and financial roadmap," Cypress President and CEO T.J. Rodgers said. "From Day One, the new Cypress will capitalize on its expanded product portfolio and leadership positions in embedded processing and specialized memories to significantly extend its penetration of global markets such as automotive, industrial, consumer, wearable electronics and the Internet of Things."

http://www.cypress.com/NewCypress

Monday, December 1, 2014

Cypress to Acquire Spansion -- Microcontrollers and Specialized Memories

Cypress Semiconductor and Spansion agreed to to merge in an all-stock, tax-free transaction valued at approximately $4 billion. Spansion shareholders will receive 2.457 Cypress shares for each Spansion share they own.

The combined company, which will be headquartered in San Jose, California and called Cypress Semiconductor, will be a $2 billion global leader in microcontrollers and specialized memories for embedded systems.

The current Cypress supplies programmable system-on-chip families for consumer, mobile handsets, computation, data communications, automotive, industrial and military applications. 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 a 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.

Spansion supplies flash memory, microcontrollers, analog and mixed-signal products used in a range of applications, from automotive electronics and industrial systems to highly interactive consumer devices.

http://www.spansion.com
http://www.cypress.com

See also