Product category:
Memory Devices and Modules
News Release from: Cypress Semiconductor
Edited by the Electronicstalk Editorial
Team on 28 October 2003
Cypress to acquire Cascade
Cypress Semiconductor is to acquire 1T pseudo-SRAM specialist Cascade Semiconductor.
Cypress Semiconductor Corp has signed a definitive agreement to acquire Cascade Semiconductor Corp in a merger Cascade, a company specialising in 1T pseudo-SRAM products for wireless applications, has with averaged quarterly revenues of approximately $3 million
This article was originally published on Electronicstalk on 9 Jul 2008 at 8.00am (UK)
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"Cascade complements Cypress in multiple ways", said Tony Alvarez, Cypress's Executive Vice President for the Memory Products Division.
"First, it has volume shipments of 1T-pseudo SRAM products at several accounts that are new to Cypress.
It also adds to our product development capabilities in memories for the mobile phone segment.
Finally, Cascade brings to Cypress experience in selling into the 'system-in-package' markets within the mobile handset industry".
"Cypress has developed very strong worldwide alliances with virtually every important channel in the wireless market", said Dr Wenliang Chen, Cascade's cofounder and President.
"In addition, it has a large, world-class sales, marketing and applications organisation to facilitate market penetration of our extremely competitive products.
The combined product portfolios of our companies will provide a line of mobile applications memories I believe is literally second to none".
The closing of the merger, which is expected in the 2003 fourth quarter, is subject to regulatory approvals and other customary conditions to closing.
The transaction is expected to be accretive to Cypress's pro forma earnings starting in the first quarter of 2004.
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