Zhongxing Technology Recognizes Cypress as Top SRAM Supplier; Leading WAN Company in China Recognizes Cypress for Overall Cost-of-Ownership, Quality, Support and Delivery Performance.

SAN JOSE, Calif. -- Cypress Semiconductor Corporation (NYSE:CY) today announced that it was ranked as the #1 SRAM and specialty memory supplier by Zhongxing Technology (ZTE), one of the largest WAN equipment makers in China with annual revenue of $4 billion. The ranking is based on overall performance of SRAM vendors during the past year.

According to ZTE, there are many factors contributing to the ranking, including overall cost of ownership, quality, responsiveness to ZTE's requirements, technical support and delivery performance. During the past year, Cypress SRAM revenue at ZTE has grown over 200%, outpacing all other SRAM vendors.

"We are pleased and honored to receive this award from one of our strategic accounts in Asia," said Bien Irace, vice president of Cypress's SRAM business unit. "We highly value our relationship with ZTE, and we are looking forward to bringing this partnership to the next level. This recognition demonstrates Cypress' commitment to our customers in China, and we are determined to continue to strategically invest in technology, people and infrastructure in order to provide best-in-class support to all of our customers in China."

About Cypress SRAMs

Cypress Semiconductor is the world's #2 global SRAM supplier, with a broad array of offerings including asynchronous, micropower, high-speed synchronous, and pseudo-SRAM (PSRAM) devices. Cypress's 72 Mbit devices are the world's largest and the first to use its leading-edge 90 nm (0.09 micron) RAM9(TM) process technology from the company's Fab IV in Bloomington, Minnesota. This technology uses Cypress's patented fully self-aligned contact and a tungsten stacked gate, enabling high performance, scalable transistors. Cypress has now qualified 4 Mbit, 9 Mbit, and 18 Mbit Synchronous SRAMs on the 90-nm process, offering maximum performance and low cost.

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 under the ticker symbol CY. More information about the company is available online at www.cypress.com.

Cypress and the Cypress logo are registered trademarks and RAM9 is a trademark of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.