2/12/2003 - Cygnal Integrated Products, Inc., the Austin-based semiconductor company specializing in mixed signal flash microcontrollers, announced that their tenth consecutive quarter of revenue growth occurred in the fourth quarter of 2002. These results reinforce Cygnal’s unique market position and business strategy.
"Cygnal consistently grew market share and revenue throughout the worst period in semiconductor industry history," said Derrell Coker, President and CEO of Cygnal. "We are confident that we will continue to gain traction in the market and build on this momentum."
The Company’s current trend of revenue growth dates back to the third quarter of 2000, when Cygnal introduced their first products. Cygnal experienced 3.7 times revenue growth year-over-year from the fourth quarter of 2001 to the fourth quarter of 2002. With quarterly sequential revenue growth of 26% recorded in the fourth quarter of 2002, the Company looks forward to a promising 2003.
Semiconductor industry sales declined by 32% to $139 billion in 2001, followed by a slight recovery with 1.3% growth in 2002. Cygnal Integrated Products, though affected by the industry and economy, has gained traction in a competitive market and has demonstrated sustained growth.
Founded in March 1999, Cygnal Integrated Products, Inc. of Austin, TX designs, manufactures and markets advanced in-system programmable, mixed signal system-on-chip (SoC) products and associated support tools. These unique products embody the Company’s no-compromise attitude and distinguished technical skill base integrating world-class analog, high-speed digital and FLASH memory functions into a single powerful chip. The combination of mixed-signal integration and in-system programmability offers tangible user benefits through higher component integration, greater design flexibility, faster time-to-market, superior system performance and improved end product differentiation. Cygnal products deliver advanced application solutions expressly designed to address a broad range of markets including communications systems, industrial equipment and consumer products. Technical information is available and orders are accepted at the Company’s e-commerce site at www.cygnal.com.
Cygnal and cygnal.com are trademarks of Cygnal Integrated Products, Inc.
Industry Data Source: Semiconductor Industry Association, www.semichips.org
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