SAN JOSE, Calif., Sept. 28, 2015 /PRNewswire/ -- Cypress
Semiconductor Corp. (NASDAQ: CY) today issued the following
statement in response to recent market rumors regarding Atmel
Corporation (NASDAQ: ATML).
Cypress previously submitted an offer to the Board of Directors
of Atmel to acquire Atmel. That offer expired and Cypress has
withdrawn its interest in an acquisition of Atmel. Cypress
regularly evaluates acquisition opportunities to complement its
existing business, and maintains a disciplined approach to ensure
that it continues to deliver long-term value to its
shareholders.
About Cypress
Cypress (NASDAQ: CY) delivers high-performance, high-quality
solutions at the heart of today's most advanced embedded systems,
from automotive, industrial and networking platforms to highly
interactive consumer and mobile devices. With a broad,
differentiated product portfolio that includes NOR flash memories,
F-RAM™ and SRAM, Traveo™ microcontrollers, the industry's only
PSoC® programmable system-on-chip solutions, analog and
PMIC Power Management ICs, CapSense® capacitive
touch-sensing controllers, and Wireless BLE Bluetooth Low-Energy
and USB connectivity solutions, Cypress is committed to providing
its customers worldwide with consistent innovation, best-in-class
support and exceptional system value. To learn more, go to
www.cypress.com.
Forward-Looking Statements
Statements herein that are not historical facts and that refer
to Cypress or its subsidiaries' plans and expectations for the
future are forward-looking statements made pursuant to the Private
Securities Litigation Reform Act of 1995. We may use words such as
"may," "will," "should," "expect," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," "continue" or other
wording indicating future results or expectations to identify such
forward-looking statements that include, but are not limited to,
statements related to our current or future acquisition plans and
strategy. Such statements reflect our current expectations, which
are based on information and data available to our management as of
the date of this release. Our actual results may differ materially
due to a variety of uncertainties and risk factors, including, but
not limited to, the state of and future of the global economy,
business conditions, acquisition and growth trends in the
semiconductor market and other risks described in Item 1A., "Risk
Factors," in Cypress's Annual Report on Form 10-K for the fiscal
year ended December 28, 2014,
Cypress's Quarterly Report on Form 10-Q for the quarter ended
June 28, 2015, and our other filings
with the Securities and Exchange Commission. We assume no
responsibility to update any such forward-looking statements.
Cypress, the Cypress logo, PSoC and CapSense are registered
trademarks and PSoC Creator, F-RAM and Traveo are trademarks of
Cypress Semiconductor Corp. All other trademarks are property of
their owners.
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SOURCE Cypress Semiconductor Corp.