Cypress Semiconductor Buys Anchor Chips for $15m.San Jose-based chip maker 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 said Tuesday it has acquired privately-held Anchor Chips Inc for $15m. San Diego-based Anchor designs and markets peripheral microcontroller A single chip that contains the processor (the CPU), non-volatile memory for the program (ROM or flash), volatile memory for input and output (RAM), a clock and an I/O control unit. chips for Universal Serial Bus See USB. (hardware, standard) Universal Serial Bus - (USB) An external peripheral interface standard for communication between a computer and external peripherals over an inexpensive cable using biserial transmission. devices such as printers, scanners, xDSL modems and digital cameras. Cypress says the acquisition has already closed and should be accretive to 1999 earnings, excluding the effects of related one- time charges that will be taken in the second quarter. Analysts surveyed by First Call are expecting second-quarter net income of $0.12 per share, against a net loss of $6.7m, or $0.07, in the year-ago quarter. Prior to the acquisition, Cypress' offerings for peripherals were limited to silicon and tools for so-called "low-speed" devices such as mice, joysticks, and keyboards. Cypress already claims to be the leading supplier of peripheral controllers in the 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. market, with 50% market share. |
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