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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                           (AMENDMENT NO.     1    )*
                                          ---------


                           Cypress Semiconductor Corp.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   232806109
                  --------------------------------------------
                                 (CUSIP Number)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes). 



                              Page 1 of 4 pages


<PAGE>   2
CUSIP No. 232806109                       13G                  Page 2 of 4 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      A I M Management Group Inc., on behalf of itself and its wholly-owned
      subsidiaries, A I M Advisors, Inc. and A I M Capital Management, Inc.
      I.D. No. 74-1881407

- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION


      State of Delaware
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                               
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER
        BENEFICIALLY           
                               
          OWNED BY                   1,279,486    
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                               
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                                     1,279,486    
        
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


        1,279,486    
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


        1.6% 
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


        HC
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!


                              Page 2 of 4 pages


<PAGE>   3
                                 SCHEDULE 13G


            
Item 1(a)   NAME OF ISSUER:
            Cypress Semiconductor Corp.
            
Item 1(b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
            3901 North First Street
            San Jose, CA  95134
            
Item 2(a)   NAME OF PERSON FILING:
            A I M Management Group Inc.
            
Item 2(b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE:
            11 Greenway Plaza, Suite 1919
            Houston, Texas  77046
            
Item 2(c)   CITIZENSHIP:
            State of Delaware
            
Item 2(d)   TITLE OF CLASS OF SECURITIES:
            Common Stock, par value $.01 per share
            
Item 2(e)   CUSIP NUMBER:
            232806109
            
Item 3      TYPE OF REPORTING PERSON:
            Parent Holding Company, in accordance with section
            240.13d-1(b)(ii)(G)
            
Item 4(a)   AMOUNT BENEFICIALLY OWNED AS OF DECEMBER 31, 1996:
            1,279,486 shares of common stock
            
Item 4(b)   PERCENT OF CLASS:
            1.6%
            
Item 4(c)   DEEMED VOTING POWER AND DISPOSITION POWER:
            (i)   sole power to vote or to direct the vote:  N/A
            (ii)  shared power to vote or to direct the vote:  1,279,486
            (iii) sole power to dispose or to direct the disposition of:  N/A
            (iv)  shared power to dispose or to direct the disposition of:  
                  1,279,486
            
Item 5      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
            This statement is being filed to report the fact that as of
            December 31, 1996, the reporting person has ceased to be the
            beneficial owner of more than five percent of the class of
            securities.
            
Item 6      OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
            N/A
            
            




                                  Page 3 of 4 pages

<PAGE>   4
Item 7       IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH 
             ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING 
             COMPANY:
             A I M Advisors, Inc. and A I M Capital Management, Inc., 
             Investment Advisers registered under Section 203 of the 
             Investment Advisers Act
             
Item 8       IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
             N/A
             
Item 9       NOTICE OF DISSOLUTION OF A GROUP:
             N/A
             
Item 10      CERTIFICATION:
             By signing below I certify that, to the best of my knowledge
             and belief, the securities referred to above were acquired in
             the ordinary course of business and were not acquired for the
             purpose of and do not have the effect of changing or
             influencing the control of the issuer of such securities and
             were not acquired in connection with or as a participant in
             any transaction having such purposes or effect.
             
             
             SIGNATURE:
             After reasonable inquiry and to the best of my knowledge and
             belief, I certify that the information set forth in this
             statement is true, complete and correct.
             
             
             Date:  February 12, 1997          A I M Management Group Inc.
             
                                               
                                               /s/ CAROL F. RELIHAN
             
                                               Carol F. Relihan
                                               Vice President, 
                                               Secretary and General Counsel
             


** Please call Sharon Poessel at (713) 214-1126 with questions regarding this
   filing.










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