Cypress Receives Highest Scores in Quarterly Customer Satisfaction Survey From Contract Manufacturers; Q202 Survey Responses Identify Primary Customer Satisfaction Issues.Business Editors/High-Tech Writers 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). Corporation (NYSE NYSE See: New York Stock Exchange :CY) today announced that the results of its Q202 customer satisfaction survey show that the company continues to receive high scores from contract manufacturing firms. These findings are supported by the supplier awards Cypress continues to receive from key players in this channel, like Solectron, Celestica, and Jabil. A review of data from this and previous quarterly surveys indicates three key issues that drive customer satisfaction: Product Quality, Service Quality, and Responsiveness. Cypress has continuously and consistently scored well in Product Quality and Service Quality. The launch of a new Cypress technical support center, which is expected to provide online and live resolution of product and technology questions, is expected to address and improve the company's Responsiveness scores. In an effort to continue improving its globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation effort, Cypress has exerted a significant effort to gather input from the Japanese market. Recent changes in the company's organization, structure, and capabilities in Japan were reflected in improved survey scores. "Attention to customer satisfaction in a challenging economic environment helps a company like Cypress retain our customers and positions us for future long-term success," said Ralph Schmitt, executive vice president for sales and marketing at Cypress. "While our survey scores in Japan have improved, they still have not matched the levels achieved in other regions. Cypress will continue to launch initiatives designed to make progress in this area." "Technology is not the only differentiator in today's market," continued Schmitt. "Service levels in the semiconductor industry are nowhere near the level of other industries. We are happy to see the most demanding customers -- contract manufacturers -- rate us so strongly. However, we need to keep innovating in our service methodology in order to use it as a competitive weapon. In our drive to be the best in class, we are listening to our customers and benchmarking other industries." About the Quarterly Survey The survey is conducted by Satmetrix, a company specializing in customer satisfaction surveys and metrics. Customers interested in participating in the survey are advised to visit the Cypress Web site at http://www.cypress.com. Customers can be added to the survey list by emailing BAH@cypress.com with their name, company, address, job function, telephone number, and email address See Internet address. . About Cypress Cypress Semiconductor Corporation is Driving the Communications Revolution(TM) with high-performance integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for network infrastructure and access equipment. Leveraging its process and system-level expertise, the company designs and manufactures solutions targeted across wireless and wireline communications. Cypress supports a wide range of industry standards, such as SONET (OC-48, OC-192, and OC-768), Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP), InfiniBand(TM) and Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. . The company's communications product lines include programmable high-speed physical layer devices (PHYs), wirespeed network search engines (NSEs) and network coprocessors (NCPs), and datapath switching elements (DSEs). Cypress is also the industry's leader in communications timing solutions, networking-optimized communications memories and personal connectivity solutions, such as 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. and Bluetooth. Cypress is a leader in pure optical and optoelectronic technologies designed to push network transmissions to higher performance levels and to satisfy the increasing demand for network bandwidth. With a focus on emerging communications applications, Cypress aims to become the preferred silicon supplier for network infrastructure solutions and for every network data stream to pass through at least one Cypress IC. Cypress employs 4,000 people worldwide. Its shares are listed 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 symbol CY. More information about Cypress is accessible on the Web at http://www.cypress.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements herein that are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " involving risks and uncertainties, including but not limited to: the effect of global economic conditions, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints. Please refer to Cypress's Securities and Exchange Commission filings for a discussion of such risks. Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. "Driving the Communications Revolution" is a trademark of Cypress Semiconductor. All other trademarks are the property of their respective owners. |
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