Cypress Signs Innopower to Enable SONOS-Based Embedded Flash Solutions for 130-nm and 65-nm Technology Nodes

Agreement Will Allow Innopower to Help IC Designers Integrate SONOS Embedded Flash into Next-Generation SOCs and ASICs

SAN JOSE, Calif. - Thursday, February 17, 2011 -- Cypress Semiconductor Corp. (Nasdaq: CY) today announced that it has licensed 130-nm and 65-nm SONOS (Silicon Oxide Nitride Oxide Silicon) embedded nonvolatile memory technology IP to Innopower Technology Corporation. Under the licensing agreement, Innopower will combine Cypress’s technology with its technical support services and other IP elements to help designers of next-generation SOCs and ASICs integrate non-volatile memory (NVM) solutions within their new ICs.

Cypress’s NVM solutions are built using SONOS technology and are compatible with available logic technology. The NVM solutions are scalable alternatives to one-time-programmable (OTP) and multiple-time-programmable (MTP) technologies, and include macros and a compiler. Innopower is experienced in memory IP design and development, including maintenance and support of IP. The company offers leading SRAM memory compilers that provide designers with a variety of embedded memory in the form of reusable IP for ASIC and SoC designs. With the Cypress technology, Innopower will be able to offer embedded flash solutions to customers in communication and consumer electronics markets, an important addition to its product portfolio that brings complete memory solutions to customers.

"The agreement with Innopower will be mutually beneficial" said Babak Taheri, Vice President of Corporate Third-Party IP at Cypress. "Innopower’s solid experiences in memory IP development and excellent technical support will accelerate the growth of our SONOS embedded flash IP in the emerging SoC market"

"We are pleased to work with Cypress to bring a highly reliable embedded flash solution to our customers" said Lee Chu, VP of Business Development at Innopower. "Cypress’s embedded flash technology has been used in hundreds of millions of SoC devices around the world. The combination of Innopower’s SoC IP and Cypress’s NVM IP will bring powerful capabilities to our customers"

Availability

Cypress’s embedded flash IP has been shipping in high volumes at 130-nm at several foundries. It has also been verified on a 65-nm LL process. Design kits are available for customers upon request. For more information on licensing options and pricing, please contact: IP_Sales@innopower-tech.com.

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® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, 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. Cypress is also a leader in high-performance memories and programmable timing devices. 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.

About Innopower Technology Corporation

Innopower is a wholly owned subsidiary of Faraday Technology Corporation. As a separate legal entity, it leverages Faraday’s past development experience, extensive automation capabilities and acquired patent portfolio to offer competitive semiconductor intellectual properties (IP) for foundries, IDM’s and fabless design companies. The product offering focuses on the fundamental libraries (standard cells, memory compilers and I/O’s), special I/O and functional IPs (such as USB, PCI Express, Ethernet). Innopower holds a significant market share in the Silicon IP market as it inherited Faraday’s years of experience in Silicon IP field. The company continually launches more competitive products, like miniLib (ultra high density library) and USB3.0 IP etc., to meet diversified customer requirements. For more information, please visit: www.innopower-tech.com .