NVE Announces Technology Exchange with Cypress Semiconductor

4/24/2002 - NVE Corporation (OTBB: NVEC) and Cypress Semiconductor Corporation (NYSE: CY) announced that they have entered into a technology exchange agreement. Under the agreement, Cypress made an equity investment in NVE, the companies gain rights to each otherís magnetic random-access memory (MRAM) intellectual property, and Cypress will assist NVE in defending its intellectual property rights under certain circumstances. Cypress also agreed to manufacture wafers for NVE.

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