$CY (Cypress Semiconductor Corporation)

$CY {{ '2016-03-15T13:42:38+0000' | timeago}} • Announcement

Industrial solutions company $CY said it has launched a Bluetooth Low Energy module solution that extends the range of Bluetooth to 400 meters, 8 times that of current Bluetooth solutions. The new EZ-BLE PSoC XT/XR module's wide range opens up the use of Bluetooth connectivity to a range of home automation, industrial and smart city applications.

$CY {{ '2017-07-06T12:35:29+0000' | timeago}} • Announcement

$CY reached a settlement agreement with former CEO T.J. Rodgers, under which he also agreed to terminate all existing ligation against Cypress in connection with the contested election at the 2017 Annual Meeting. Cypress agreed to reimburse Rodgers for expenses of up to $3.5MM, in connection with the 2017 proxy contest.

$CY {{ '2017-06-29T18:21:06+0000' | timeago}} • Announcement

$CY and $ARW announced a new development platform that helps to bring a broad range of connected IoT products to market. The new Quicksilver kit features $CY’s Wireless Connectivity for Embedded Devices (WICED) platform and is slated for release in July 2017.

$CY {{ '2017-06-21T10:46:20+0000' | timeago}} • Announcement

$CY's stockholders elected Camillo Martino and Daniel McCranie to its BoD at its 2017 annual meeting. Martino and McCranie join re-elected $CY's Board members Steve Albrecht, Hassane El-Khoury, Oh Chul Kwon, Wilbert van den Hoek and Michael Wishart.

$CY {{ '2017-06-19T13:21:44+0000' | timeago}} • Announcement

Semiconductor company $CY said it has decided to expand the BoD from seven to eight members, and to add Dan McCranie and Camillo Martino to the board with immediate effect. In a statement regarding the status of its settlement discussions with T.J. Rodgers, who was forced to resign as CEO, Cypress said Eric Benhamou will remain on the board.

$CY {{ '2017-06-12T09:14:26+0000' | timeago}} • Announcement

Ray Bingham, $CY’s Executive Chairman resigned from his post and also stepped down from the Board of Directors. Eric Benhamou resigned as Lead Independent Director and he will remain on the Board. The BoD appointed the current independent director Steve Albrecht as its new Chairman and decided to abolish the Executive Chairman role.

$CY {{ '2017-05-30T13:01:07+0000' | timeago}} • Announcement

$CY announced a new wireless solution delivering advanced coexistence combining 802.11ac high-performance Wi-Fi, Bluetooth and Bluetooth Low Energy for IoT applications. This solution incorporates a USB 2.0 hub providing a common WLAN and Bluetooth interface, ideal for smart home products and network peripherals like home appliances and printers.

$CY {{ '2017-05-19T13:27:36+0000' | timeago}} • Announcement

$CY's BoD urged its stockholders to vote the GOLD proxy card FOR election of Dan McCranie and Camillo Martino to its board at the 2017 Annual Meeting that is scheduled to be held on June 8, 2017.

$CY {{ '2017-05-16T11:16:34+0000' | timeago}} • Announcement

$CY said Bosch has selected $CY's automotive-grade Serial NOR Flash memories for its next-generation video-based Advanced Driver Assistance Systems (ADAS). The NOR Flash memory is used to store system boot code and algorithms at temperatures up to 125°C with utmost reliability.

$CY {{ '2017-04-19T17:34:06+0000' | timeago}} • Announcement

$CY filed a definitive proxy materials with the SEC in connection with its upcoming Annual Meeting of Stockholders to be held on June 8, 2017. $CY recommended stockholders vote FOR all of its highly qualified director nominees on the WHITE Proxy card.

$CY {{ '2017-03-15T11:46:34+0000' | timeago}} • Announcement

$CY said Institutional Shareholder Services (ISS), a independent proxy advisory firm, has recommended that $CY's stockholders consent FOR management's proposal to eliminate cumulative voting. $CY urges stockholders to act promptly to sign and return the WHITE consent card.

$CY {{ '2017-03-09T14:49:13+0000' | timeago}} • Announcement

$CY and tech solutions provider $ARW announced an expanded collaboration to jointly enable internet-of-things (IoT) innovations. Cypress said Arrow will leverage Cypress' portfolio of IoT connectivity solutions for its customers.

$CY {{ '2017-03-02T14:27:53+0000' | timeago}} • Announcement

$CY has sold the subsidiary that owns its semiconductor wafer fabrication facility in Minnesota to SkyWater Technology Foundry for $30MM. The transaction allows $CY to reduce its manufacturing footprint and cost structure while increasing the utilization of its Fab 25 in Austin, Texas, in line with the company's plan to improve gross margins.

$CY {{ '2016-12-19T14:13:18+0000' | timeago}} • Announcement

$CY and $UMC announced that $CY began volume shipments of microcontrollers containing its proprietary 40nm Embedded Charge-Trap (eCT) Flash manufactured at $UMC. The shipments mark the culmination of a multi-year collaboration between $CY and $UMC to integrate $CY’s flash technology with $UMC's 40nm Low Power logic process.

$CY {{ '2016-11-07T21:46:44+0000' | timeago}} • Announcement

$CY declared a quarterly cash distribution of $0.11 per share of its common stock. This distribution will be paid on Jan. 19, 2017 to the company's stockholders of record as of Dec. 29, 2016.

$CY {{ '2016-08-11T14:15:01+0000' | timeago}} • Announcement

$CY said it appointed Hassane El-Khoury as CEO, president, and a member of its BoD. Ray Bingham's current role as chairman of the board has been expanded to executive chairman, providing him with a day-to-day role in support of the CEO focused externally on customers and investment opportunities.

$CY {{ '2016-08-09T15:25:58+0000' | timeago}} • Announcement

$CY said its BoD approved a quarterly cash distribution of $0.11 per share payable to holders of record of the company's common stock at the close of business on September 29, 2016. This dividend will be paid on October 20, 2016.

$CY {{ '2016-07-05T21:37:32+0000' | timeago}} • Announcement

Advanced embedded system solutions provider $CY said it has acquired the Wireless Internet of Things (IoT) business and related assets of $AVGO in an all-cash transaction valued at $550MM. $CY now offers Wi-Fi, Bluetooth and ZigBee IoT product lines, along with supporting intellectual property and the WICED brand SDK.

$CY {{ '2016-06-21T14:59:22+0000' | timeago}} • Announcement

$CY said the notes will be senior, unsecured obligations of the company. The notes will bear interest at a rate of 4.50% per year and will be payable semiannually in arrears on Jan. 15 and July 15 of each year, beginning on Jan. 15, 2017. The notes will mature on Jan. 15, 2022, unless earlier repurchased or converted.

$CY {{ '2016-06-21T14:58:57+0000' | timeago}} • Announcement

$CY said the sale of the notes to the initial purchasers is expected to settle on June 23, 2016, and is expected to result in approx. $242.1MM in net proceeds to the company after deducting the initial purchasers' discount and estimated offering expenses payable by $CY, assuming no exercise of the initial purchasers' option.

$CY {{ '2016-06-21T14:58:22+0000' | timeago}} • Announcement

$CY said it announced the pricing of $250MM aggregate principal amount of convertible senior notes due 2022 in a private placement to qualified institutional buyers pursuant to Rule 144A. $CY also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $37.5MM aggregate principal amount of the notes.

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