Cypress Releases Alcatel-Lucent From ITC Complaint Regarding SRAM Patent Infringement by GSI Technology

Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it has filed a joint motion to release Alcatel-Lucent from Cypress’s complaint to the United States International Trade Commission (ITC) regarding alleged infringement of Cypress’s SRAM patents by GSI Technology, Inc. Cypress’s complaint seeks an exclusion order from the ITC that will prevent the importation of all infringing GSI SRAMs.

The ITC action against GSI lists known importers of products that incorporate the accused GSI SRAMs. Cypress has reached an agreement with Alcatel-Lucent which resulted in the removal of the company from the ITC action.

"We’re pleased to reach agreement with Alcatel-Lucent in order to remove another customer from this case,” said Dana Nazarian, Executive Vice President of Cypress’s Memory Products Division. "This brings the number of customers who have been released from the complaint to four. We’re hopeful that we can reach agreement with other customers to respect Cypress’s intellectual property and thereby be released from the complaint as well.”

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC^® programmable system-on-chip families and derivatives such as PowerPSoC^® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch^® solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge^® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense, TrueTouch and West Bridge are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding Cypress’ expected outcome of the pending ITC investigation and other future events and expectations, each of which involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including the actions of the Patent and Trademark Office and other factors listed in Cypress’s most recent reports on Form 10-K, 10-Q and 8-K. The information above speaks only as of the date of this release.