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 TrueTouchTM 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.
We have realigned our operating segments as part of our continued efforts to better allocate key management resources and to focus on our core markets, such as our programmable products including our flagship PSoC® programmable system-on-chip solution and its derivatives, Universal Serial Bus (USB) including the high performance West Bridge solutions and our industry leading high performance SRAM memory solutions. Accordingly, beginning with the three months ended April 1, 2012, we have reported our financial results under the following business segments:
|MPD: Memory Products Division||An existing division that will continue to focus on our four static random access memory (SRAM) business units, general-purpose programmable clocks and process technology licensing. Its purpose is to enhance our No. 1 position in SRAMs and invent new and related products.|
|DCD: Data Communications Division||An existing division realigned to focus solely on USB controllers, WirelessUSBâ„¢ and West Bridge® peripheral controllers for handsets, PCs and tablets. Its purpose is to enhance our No. 1 position in USB.|
|PSD: Programmable Systems Division||A new division focusing primarily on our PSoC® and PSoC-based products. This business segment focuses on (1) the PSoC platform family of devices including PSoC 1, PSoC 3 and PSoC 5 and all derivatives, (2) PSoC-based user interface products such as CapSense® touch-sensing and TrueTouch touchscreen products, (3) PSoC-based module solutions including Trackpad and Ovation™ Optical Navigation Sensors (ONS) and (4) automotive products. Within this externally reported PSD Division are two internal PSoC-based divisions: the first, the Consumer and Computation Division (CCD), which runs our businesses for TrueTouch, CapSense, Trackpads and Ovation, and the second, also named PSD, which runs our PSoC core business. CCD is chartered to become No. 1 in CapSense and TrueTouch. PSD is chartered to build the base PSoC franchise. We will report the internal CCD and PSD divisions together as PSD.|
|ETD: Emerging Technologies Division||Our "startup" division includes AgigA Tech Inc. and Deca Technologies Inc., which are both majority-owned subsidiaries of Cypress. ETD also includes our foundry business and other development-stage activities. Note that certain businesses, such as our trackpad business, have "graduated" from ETD as it was reported in 2011 into operating divisions, thus resetting ETD revenue to a new base for 2012.|
As a result of the change in the structure of our business segments, the financial results we reported in prior periods under the old business segment structure have been recast to conform to the new segment presentation. This reclassification did not impact our previously reported consolidated revenues, operating income, net income, or earnings per share.
Apr 17, 2014 at 8:30 AM PT
Q1 2014 Cypress Semiconductor Earnings Release
|Cypress Value Proposition|
|Focus on proprietary solution|
|Strong mobile phone penetration|
|Leader in rapidly growing touchscreen market|
|PSoC driving $15B TAM in micros and analog|
|#1 in SRAM & USB|
|Growing Emerging Technologies Division|
|Strong balance sheet|
|Consistent returns and performance|
|Cypress Semiconductor Corporation|
|Delayed at least 20 minutes.
Provided by eSignal.