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Cypress Reports Second-Quarter 2013 Results

+ Cypress released four new PSoC Components™ for PSoC Creator™ 2.2, the Integrated Design Environment (IDE) that supports PSoC products. PSoC Components are production-ready “virtual chips” that replace and integrate multiple competitor chips onto a single PSoC to create highly customized single-chip system solutions for a broad array of applications, from the Tesla automotive dashboard to smart residential power meters to cell phone touchscreens.

+ Customer demand for Cypress’s new TrueTouch Gen5 touchscreen controllers has exceeded expectations, in part due to its industry-leading noise immunity. Noise from cell phone chargers can render mobile phones inoperable during charging. Gen5 offers a 3x improvement in noise immunity versus Gen4, which itself offered best-in-class performance.

+ Cypress introduced new features in its TrueTouch Gen4 capacitive touchscreen controller family, including the industry’s best tracking of gloved fingers. The Gen4 solution automatically switches into glove-mode based on the touch of a gloved finger, as compared with competitive solutions that require users to remove their gloves and change their smartphones’ settings in order to enable gloved touches. The family also delivers passive stylus support to capture handwriting and signatures accurately, and proximity detection that can eliminate false touches such as those caused by a user’s face when making a call on a mobile phone.

+ Cypress expanded its market-leading USB product portfolio with a USB-Serial bridge controller family. The family is the industry’s first to provide CapSense ® capacitive touch-sensing functionality along with two serial channels with configurable UART/SPI/I 2C communication capability. The family is also the first to integrate efficient battery-charge detection compliant with Version 1.2 of the USB Implementers Forum (USB-IF) battery charging specification.

+ Cypress qualified a Bluetooth ® Low Energy radio on its S8™ 130-nanometer flash-based SONOS process technology to combine with its PSoC, CapSense and TrueTouch technologies, allowing the company to move forward with single-chip solutions for emerging Bluetooth Smart applications such as PC peripherals, sporting goods and fitness devices, healthcare equipment and smart remote controls.

+ Cypress announced that its Board of Directors approved a quarterly cash dividend of $0.11 per share, payable to holders of record of the company’s common stock as of the close of business on June 27, 2013. This dividend will be paid on July 18, 2013.

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