Cypress to Buy Micron SRAM Business

SAN JOSE, Calif. and BOISE, Idaho, April 10 -- Cypress Semiconductor Corp. announced today that it will buy Micron Technology's synchronous SRAM product inventory. Micron recently decided to phase out production of synchronous SRAM products.

"Cypress is working closely with Micron to provide continuity of all customer support aspects," said Antonio R. Alvarez, senior vice president for Cypress's Memory Products Division. "This transaction is consistent with Cypress's strategy to serve the communications marketplace and complements our existing position in synchronous SRAMs. Cypress is well positioned to provide full support to Micron's customers, ensuring a smooth, uninterrupted transition between the two companies."

For more information, visit: www.cypress.com