Cypress Announces First-Ever Cash Dividend
The Board declared the first quarterly cash dividend of
"Cypress is executing very well on its long-term business model and is
delivering increasing value to its stockholders," said
The dividend policy and the payment of cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends are in the best interests of Cypress's stockholders and are in compliance with all laws and agreements of Cypress applicable to the declaration and payment of cash dividends. The dividend may be changed or cancelled at the Company's discretion at any time.
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
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 its adoption of a dividend policy, any future payments made under that policy, any decision to cancel or change the dividend policy, 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 discretion of management and the board as to whether declaring a dividend is in the best interests of the Company, the business and economic conditions and growth trends in the semiconductor industry and in various geographic regions; our ability to manage financial risk; 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.
Cypress and the Cypress logo, PSoC, PowerPSoC, CapSense,
EVP Finance & Administration and CFO
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