Cypress Inaugurates Design Center in China; New Center Will Leverage Local Talent to Design Products for Region.SHANGHAI, China -- Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). Corp. (NYSE NYSE See: New York Stock Exchange :CY) today inaugurated a regional chip design center in Shanghai. The location will provide IC design and sales support to Cypress's Asia-Pacific customers. Cypress is expecting to hire as many as 50 local employees at the new facility within the next two years. "Shanghai offers a unique blend of talent, location and critical mass, making it an ideal site for design activity," said Paul Keswick, vice president of new product development at the Silicon Valley-based company. "In addition to several outstanding universities in the area, most of China's major fabs, design houses and technology centers are located in or around Shanghai." The new design center, to be located in Shanghai's Grand Gateway towers, expands upon Cypress's commitment to providing local support for its Asia-Pacific customer base. Cypress also runs design centers in India, a Cypress assembly and test facility outside Manila, and an operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The Shanghai center will design a variety of products for local markets. Cypress currently sells a broad portfolio of consumer, computation and networking IC solutions that include general purpose and PC clock chips, CMOS image sensors, memories and embedded controller technologies such as its PSoC(TM) Programmable System on Chip(TM) mixed-signal arrays and USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. devices to several Chinese customers, both directly and through distribution partners. About Cypress Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CY. More information about the company is available online at www.cypress.com. Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners. |
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