Cypress Semiconductor to Expand Design Center in Hyderabad, India

9/24/2004 - Cypress Semiconductor Corp. (NYSE: CY) announced a $2 million plan to expand its year-old semiconductor design center in Hyderabad, India. The center, which has primarily designed network search engines (NSEs) over the past year, will broaden its focus to include next-generation NSEs, 90nm-scale logic devices and systems engineering capabilities. Expansion plans involve the addition of a silicon validation lab, equipment and engineering talent to support these new functions.

Cypress currently operates 15 design centers across the U.S., Ireland, Turkey and India. The facility in Hyderabad is Cypress’s second in India, located about 400 miles northeast of its 175-employee Bangalore design center, which specializes in USB chips, SRAMs, framers and clocks. Cypress plans to add 33 engineers to its 17-person Hyderabad team by the end of 2005.

“NSEs, used in high-speed networks, are a major growth area for Cypress. We are a leading supplier and intend to build upon our strong position in this space,” said Narayana L. Pidugu, design center manager of Cypress’s Hyderabad design center. “This design center expansion also gives us the opportunity to leverage local design talent to support other fast-growing areas of Cypress’s business.”

“Many of the engineers who were involved in designing Cypress products in the U.S. are now getting the opportunity to return home to continue their work,” said Nagendra Cherukupalli, senior director of new product development at Cypress in the U.S. “Our business philosophy is to grow our design centers where there is a large base of highly skilled engineering talent.”

In addition to its worldwide design facilities, Cypress operates two chip fabrication facilities in the U.S. and a state-of-the-art assembly-&-test plant near Cavite City in the Philippines.

About Cypress
Cypress Semiconductor Corp. (NYSE: CY) is Connecting from Last Mile to First MileTM with high-performance solutions for personal, network access, enterprise, metro switch and core communications-system applications. Cypress ConnectsTM using wireless, wireline, digital, and optical transmission standards, including USB, Fibre Channel, SONET/SDH, Gigabit Ethernet and DWDM. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at

Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. “Connecting from Last Mile to First Mile” and “Cypress Connects” are trademarks of Cypress.

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