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Cypress Semiconductor history
Cypress Semiconductor company history timeline
Instead, he accepted a position with Advanced Micro Devices (AMD), where he worked until leaving to found Cypress in November 1982.
1984: Debut of the company's first product--a CMOS chip.
By 1985, the company was profitable and posting revenues of $17 million.
1986: The company's IPO raises $73 million.
Cypress's extraordinary growth--by 1990 sales would reach $225 million, and net earnings of $33 million--was credited to an unusually intense corporate culture, beginning with its hiring process, a daunting marathon of some ten interviews.
As sales continued to rise, reaching $286 million and record profits of $34 million in 1991, Rodgers strove to maintain the company's entrepreneurial origins.
In 1992--to the delight of Rodgers's enemies, who had long chafed under his criticism--Cypress tripped up.
Company founder T.J. Rodgers, who was named "America's Toughest Boss" by Fortune magazine in 1993, gained a reputation in the semiconductor industry for his visionary management, entrepreneurial and manufacturing techniques, and outspoken criticism of the United States semiconductor industry.
For the year ended 1994, Cypress posted sales of $406 million, and a net profit of $50.5 million.
1996: Memory chip production is moved from San Jose headquarters.
Ever outspoken, in June 1997 Rodgers testified before a United States Senate subcommittee against "corporate welfare."
Picking up the production was a second Minnesota wafer fab, and the start of construction on the new wafer fab in Round Rock, expected to be completed by 1998.
1999: Acquisitions and licensing deals bring Cypress into leadership of booming USB chip market.
Cypress bought another USB chipmaker, Massachusetts-based ScanLogic Corp., in May 2001.
By the end of 2001, Cypress's SRAM business accounted for less than half of total revenues, which were half of what they had been two years earlier.
Four others were in the making: wide area networks (WANs), storage networks, wireless terminals (PDA's and mobile phones), and wireless infrastructures (base stations). By the end of 2001, Cypress had four divisions and 13 business units.
In October 2009, the company announced it would switch its listing to the NASDAQ on November 12, 2009.
In December 2014, Cypress Semiconductor merged with Spansion in an all-stock deal worth $1.59 billion.
Also in 2015, Cypress tried to acquire Atmel, but was outbid by Dialog Semiconductor (in the end, Microchip Technology made the deal).
In April 2016, Cypress announced the acquisition of Broadcom’s Wireless Internet of Things (IoT) business and related assets in an all-cash transaction valued at $550 million.
On June 12, 2017 it was made public that Ray Bingham stepped down from the board.
On June 20, 2017, both of Rodgers's nominees won victories by substantial margins.
The acquisition was announced complete on April 17, 2020, ending the independent history of Cypress Semiconductors.
The division was sold to the Unigen Corporation in May 2021.
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Cypress Semiconductor competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Analog Devices | 1965 | $9.4B | 15,300 | 332 |
| STMicroelectronics | 1987 | $16.1B | 46,000 | 7 |
| Xilinx | 1984 | $3.1B | 4,891 | - |
| Ramtron International Corporation | 1984 | $66.4M | 100 | - |
| Texas Instruments | 1930 | $15.6B | 29,888 | 435 |
| National Semiconductor | 1959 | $1.4B | 5,800 | - |
| FormFactor | 1993 | $763.6M | 1,676 | 44 |
| Broadcom | 1991 | $8.4B | 15,000 | 620 |
| Cadence Design Systems | 1988 | $4.6B | 8,900 | 307 |
| Seagate Technology | 1979 | $6.6B | 40,000 | 67 |
Cypress Semiconductor history FAQs
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Cypress Semiconductor may also be known as or be related to Cypress Semiconductor Corporation, CYPRESS SEMICONDUCTOR CORP DE and Cypress Semiconductor.