DuPont Photomasks Enters into Advanced Technology Development and Supply Agreements with Cypress

6/17/2002 - DuPont Photomasks, Inc. (Nasdaq: DPMI) today announced that it has signed an agreement with Cypress Semiconductor Corporation (NYSE: CY) to jointly develop advanced photomask technologies supporting the production of high-performance integrated circuits (ICs). The companies also have entered into a separate multiyear supply agreement whereby DuPont Photomasks will provide a significant majority of Cypress’ photomasks for commercial production. As part of this supply deal, Cypress has agreed to pay DuPont Photomasks an undisclosed sum upfront. Cypress produces high-performance integrated circuits for network infrastructure and access equipment, and is a leader in pure optical and optoelectronic technologies. Cypress is also the industry’s leader in communications timing solutions, networking-optimized communications memories and personal connectivity solutions, such as USB and Bluetooth.

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